Fiscal Cliff Looms as Congress Gets Back to Work
President, Congress have just a few days to avert automatic tax increases and spending cuts. A number of Massachusetts Congressman suggest cutting nuclear programs instead.
Starbucks baristas are writing "come together" on all cups in the Washington, DC, area to encourage Congress and the President to come together to fix the fiscal cliff issue. For more information about this initiative, go to www.patch.com/fixthedebt. Congress and President Obama are racing against the clock this week as they make one last attempt to hammer out a deal to avoid the so-called “fiscal cliff” the U.S. government is set to go over on New Year’s Day. Without a compromise deal to lower the deficit, the government will face a self-imposed deadline that triggers both spending cuts and higher taxes. Congress itself set the Jan. 1 deadline after failing to come to a budget compromise earlier this year. On Jan. 1, the George W. Bush-…
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J. Parker
2:29 pm on Friday, December 28, 2012
Obama and Reid talk out of both sides of their mouths. One side behind closed doors, and the other to the public. If they 'really' wanted to settle this they'd do so. They want to put the blame on Boener and the Republicans by not agreeing to 'any' plan that is presented to them ! Small business at a 250 K and above tax increase will be hurt, and jobs will not be increased. JOBS are the most … more ›