Sen. Chuck Schumer, a top Democrat in the Senate, said on Sunday that there’s still a better than 50/50 chance that there will be an agreement to prevent the nation from sailing off of the “fiscal cliff” at the start of the new year.

“There are certainly no breakthroughs yet between Sen. McConnell and Sen. Reid, but there’s a real possibility of a deal,” Schumer said on ABC’s “This Week” on Sunday morning.  “I’ve been an elected legislator for 37 years and I’ve watched how these things work. On these big, big agreements they almost always happen at the last minute.”

Asked to give odds of a deal, Schumer said he thought it would be “a little higher” than 50/50.

Retiring Sen. Jon Kyl, the second-highest ranking Republican in the chamber, agreed with Schumer’s assessment of the chances of the deal.