First Word: Race against time on fiscal curb

Updated
House Speaker John Boehner
House Speaker John Boehner
Alex Wong/Getty Images

Timing is running out to reach a deal on the fiscal cliff. In their first face-to-face meeting in nearly a month, President Obama and House Speaker John Boehner met Sunday at the White House to try and hash out a proposal. They need to figure it out ASAP to allow enough time to actually draft legislation and get it passed. Here’s a look at the headlines shaping tonight’s Last Word rundown:

First Word: Race against time on fiscal curb

Updated