10 things you need to know today: December 29, 2012

America barrels toward the fiscal cliff, Indian gang-rape suspects face murder charges, and more in our roundup of stories that are making news and driving opinion

Rep. Chris Van Hollen (D-Md.) speaks during a press conference on the fiscal cliff on Dec. 28.
(Image credit: Drew Angerer/Getty Images)

1. LAWMAKERS MEET IN LAST-DITCH EFFORT TO AVOID FISCAL CLIFF

Officials gathered Friday afternoon for a "make-or-break" White House meeting on the fiscal cliff crisis. Aides said both sides were exploring a scaled-back version of the original proposal that would prevent tax increases in households making $400,000 or less. The compromise would not stop automatic spending cuts from hitting military and domestic programs beginning in January, but aides assured reporters that those issues would be dealt with in early 2013. After the meeting, Obama told reporters at the White House that he was "modestly optimistic" that lawmakers would reach an agreement — though time is running short. "The hour for immediate action is here," the president said. "It is now." [Los Angeles Times, New York Times]

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Scott Meslow is the entertainment editor for TheWeek.com. He has written about film and television at publications including The Atlantic, POLITICO Magazine, and Vulture.