Senator Kyl (R-AZ) says "a lot of progress" has been made

When speaking to Reuters, Senator Jon Kyl (R-AZ) said "a lot of progress" has been made to avert the fiscal cliff, although he remains unsure if the talks will lead to legislation that the Senate can vote on before midnight's tax hikes and spending cuts go into effect.

"There is no agreement yet," Kyl said. "Conversations are still ongoing. There has been a lot of progress."