The Senate’s third-ranking Democrat said on Sunday that the odds of striking a deal to avert the “fiscal cliff” are a bit better than even, as he cautioned that there have been “no breakthroughs” yet in the talks between Senate Majority Leader Harry Reid (Nev.) and Minority Leader Mitch McConnell (Ky.).

“While an agreement is hardly a certainty, I wouldn’t rule it out,” Schumer said on ABC’s “This Week With George Stephanopoulos.” He pegged the odds of reaching a deal at “a little higher” than 50/50.

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