President Obama will deliver a statement at 1:05 p.m. Eastern in the East Room on "the actions we need to fix our economy and reduce our deficit" as the focus of Washington shifts to avoiding the fiscal cliff. 

We will carry the statement live here.  More from on the fiscal cliff:GOP’s rejection of higher tax rates an obstacle to debt deal
Round 2 begins: Obama, Boehner again prepare to tackle national debt 
Fact Checker: Would a tax hike on the wealthy kill 700,000 jobs? 
Editorial Board: Lawmakers face a torrent of delayed decisions