Tagged: fiscal cliff

Days before a budget crisis deadline will hit the U.S. economy, President Obama says, "I'm optimistic we may still be able to reach an agreement that can pass both houses in time."

The details of that agreement, which could avert automatic spending cuts and tax increases that are set to take effect on Jan. 1, would likely come from discussions between Senate Minority Leader Mitch McConnell (R-Ky.), and Majority Leader Harry Reid (D-Nev.).

You've heard of the "fiscal cliff," but have you heard of the milk cliff"?

If Congress doesn't take action in the next four days, milk prices could shoot up dramatically.

Here's why: