The co-chairman of President Barack Obamas 2010 fiscal commission said its unlikely the president and Congress will reach a deal by the end of this year to avert the so-called fiscal cliff.
Erskine Bowles, also a former chief of staff to President Bill Clinton, estimated there is a one-third probability the sides will strike a deal by the end of this year. Speaking today at a breakfast in Washington sponsored by the Christian Science Monitor, he said theres another one-third chance that all sides will reach a deal early in 2013.
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