Obama Says He Hopes To Avoid “Fiscal Cliff”

President Barack Obama weighed in on the dire fiscal cliff situation from the White House Monday afternoon, only hours before the United States is expected to encounter a monetary catastrophe if Congress fails to reach an agreement.

With every minute counting before millions of Americans are forced to endure an automatic tax hike, President Obama appeared confident that the House of Representatives and Senate will strike a deal.

“It appears an agreement to prevent this new year’s tax hike is in sight,” said President Obama, while at the same time assuring a deal was “not done” just yet.