House GOP to reconvene at 5:15 p.m.

January 1, 2013

House Republicans will meet again this afternoon to discuss how to deal with the bipartisan "fiscal cliff" legislation passed by the Senate early on New Year's morning. 

Eric Cantor (R-Va.), the influential House majority leader, emerged from an earlier two-hour meeting with GOP colleagues and said he opposes the Senate bill, which would let income taxes rise sharply on the rich. HIs opposition likely dooms the chances for fast House passage of the legislation without changes, which could prolong efforts to avert the automatic tax increases and spending cuts that technically took effect on Tuesday. If there is no agreement by the end of the current Congress at noon on Thursday, negotiations would have to start over in the next Congress.

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