12/28/2012 05:46 EST | Updated 02/27/2013 05:12 EST

Senate leaders announced last-ditch talks on averting fiscal cliff

WASHINGTON - The Senate's top Democrat and Republican say they're entering last-minute talks with the White House aimed at avoiding the fiscal cliff.

Majority Leader Harry Reid and GOP leader Mitch McConnell gave the relatively upbeat assessment after the duo and top House leaders had what McConnell called a "good" meeting with President Barack Obama on Friday.