President Obama is expected to discuss a scaled-back offer to avoid the fiscal cliff at a White House meeting Friday at 3 p.m. with the top four congressional leaders.
Details are sketchy and the White House and congressional leadership aides declined to discuss them. But according to reports citing anonymous Republican and hill staffers, the offer will reportedly tweak President Obama's most recent proposal to Speaker John Boehner (R-OH) with some enticements to win over GOP votes.
The New York Times' John Harwood, citing a GOP budget source, tweeted that there may also be a 60-90 day plan to give party leaders more time to reach a comprehensive agreement.
The country reaches the fiscal cliff on Jan. 1.