04:48 - Source: CNN
Van Hollen: 50% chance of going off cliff

With less than a day before the U.S. hits the fiscal cliff, Maryland Congressman and ranking member on House Budget Committee, Chris Van Hollen has a positive attitude. He says, “I think there is good news. The conversation continued late in the the night last night. I think now there’s a better that 50-50 chance we will avoid the fiscal cliff by midnight tonight….everyone’s focused on trying to get the job done.”

As to what needs to be done now, he says, “The reality is that they’re going to have to get it together, the majority of the house that is. So we are continuing to provide input into those discussions to try to make sure there’s no miscalculation. To try to make sure that whatever emerges from the senate can indeed get a majority in the house.”