The deadline for reaching a deal on the fiscal cliff was months ago, says Allstate (ALL) CEO...

|About: Allstate Corporation (ALL)|By:, SA News Editor

The deadline for reaching a deal on the fiscal cliff was months ago, says Allstate (ALL) CEO Thomas Wilson. It's frustrating because both sides have agreed on the "three buckets" to prevent the automatic spending cuts and tax increase that go into effect at the end of the year — revenues, entitlements and spending reductions - but neither side can agree on how much to put in each bucket.