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December 5th, 2012
05:23 PM ET

Yellin reports Pres. Obama and Speaker spoke via phone Wed.

After most members left Washington D.C. for the weekend on Wed., CNN chief White House correspondent Jessica Yellin provides an update to the fiscal cliff stalemate. "I'm learning that President Obama and House speaker, John Boehner, had a phone conversation late today. My understanding is, we do not have a fiscal deal. There has been no significant movement as a result of this, but it's meaningful, because the two men have not spoken in a week exactly." Yellin continued, "Their last phone call was last Wednesday. And as you know, Speaker Boehner presented a plan on Monday and after that was rejected by the president. In an interview, there was no communication between the White House and Republicans until this phone call between these two men."

Read full report on CNN.com.

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