Little Time, Lots Of Details To Sort Before Fiscal Cliff Deadline

DETROIT (WWJ) - Michigan Democratic Congressman Gary Peters made his way to Washington D.C. for a House session to discuss the fiscal cliff. But he says even if a deal is reached Sunday or Monday, we still have a long road ahead of us.

"It may take two or three days before it actually passes through the House and the Senate, and it jumps through all the hurdles that it has to go through," said Peters. "(Then) we still have a longer debate - a longer discussion about how we deal with spending generally, as well as reform the tax code."

Peters told WWJ that if a deal isn't reached --- it will affect thousands here in Michigan.

"For folks truly facing a cliff, an example ... unemployment compensation for about 2 million Americans ends on Jan. 1, 2013 if it's not extended," he said.

Peters said for those 90,000 families (affected by unemployment benefits running out) in the state of Michigan, that is definitely a serious thing that the government has to deal with.

Peters says he is hopeful that a deal will be reached, and that it would be "unacceptable" not to get the job done.

Catch up on more of the Fiscal Cliff story, here.