President Obama speaks on the fiscal cliff Monday, Dec. 31, 2012.

Speaker of the House John Boehner, R-Ohio, walks to a closed-door GOP caucus as Congress meets to negotiate a legislative path to avoid the so-called "fiscal cliff" of automatic tax increases and deep spending cuts that could kick in Jan. 1., at the Capitol in Washington, Sunday, Dec. 30, 2012. (AP Photo/J. Scott Applewhite)

Senate Majority Leader Harry Reid, D-Nev., walks to a closed-door meeting with fellow Democrats as he and Senate Minority Leader Mitch McConnell, R-Ky., work to negotiate a legislative path to avoid the so-called "fiscal cliff," at the Capitol in Washington, Sunday, Dec. 30, 2012. Senate and House leaders are rushing to assemble a last-ditch agreement to stave off middle-class tax increases and possibly delay steep spending cuts in an urgent attempt to find common ground after weeks of gridlock. (AP Photo/J. Scott Applewhite)

Senate Minority Leader Mitch McConnell, R-Ky., center, arrives at his office in the Capitol as he and Senate Majority Leader Harry Reid, D-Nev., try to negotiate a legislative solution to avoid the so-called "fiscal cliff," in Washington, Sunday, Dec. 30, 2012. (AP Photo/J. Scott Applewhite)

Speaker of the House John Boehner, R-Ohio, arrives at the Capitol as leaders in the Senate and the House face pressure to find a legislative path to head off the automatic tax hikes and spending cuts set to take effect Jan. 1, in Washington, Monday, Dec. 31, 2012. (AP Photo/J. Scott Applewhite)

The moon rises behind the U.S. Capitol Dome in Washington as Congress works into the late evening, Sunday, Dec. 30, 2012 to resolve the stalemate over the pending "fiscal cliff." (AP Photo/J. David Ake)

Senate Majority Leader Harry Reid of Nev. arrives on Capitol Hill in Washington, Monday, Dec. 31, 2012, as fiscal cliff negotiations continued. Working against a midnight deadline, negotiators for the White House and congressional Republicans in Congress narrowed their differences Monday on legislation to avert across-the-board tax increases. (AP Photo/Susan Walsh)

Senate Minority Leader Mitch McConnell of Ky. arrives on Capitol Hill in Washington, Monday, Dec. 31, 2012, as fiscal cliff negotiations continued. Working against a midnight deadline, negotiators for the White House and congressional Republicans in Congress narrowed their differences Monday on legislation to avert across-the-board tax increases. (AP Photo/Susan Walsh)

Sen. John McCain, R-Ariz., left, and Senate Minority Whip Jon Kyl, R-Ariz., leave the chamber as the Senate rushes to negotiate a legislative path to avoid the so-called "fiscal cliff" of automatic tax increases and deep spending cuts that could kick in Jan. 1., at the Capitol in Washington, Sunday, Dec. 30, 2012. (AP Photo/J. Scott Applewhite)