The new term wil begin almost immediately with several issues left over from the last session, including a bill to provide Financial Relief for victims of Superstorm Sandy, deep spending cuts known as sequestration tabled during the fiscal cliffs talks this week, including a bill to increase the nations debt limit, but it wont take much for them to surpass the Previous Group in terms of legislative success. They tell me this is the least Productive Congress in the history of the nation. If its not, i would hate to be in the one that was. The 113th congress will be the most Diverse Group of representatives ever assembled, especially in a Democratic House caucus where white males will be in the minority for the first time ever. Together the diversity of our caucus celebrates the strength of our nation. Ov overall there will be neary 100 women and 33 hispanics all eager to handle the challenges ahead. We all have our ideas, the district sent us, and where are the bathrooms . Mark kirk is
Tara, good morning to you. Good morning, terrell. The standoff over the fiscal cliff is finally over. Many House Republicans and even some democrats did not like this bill, but enough ultimately relented. After months of debating and back room deals, congress has passed a bill which will pull the country back from the fiscal cliff. On this vote the yays are 257. The nays are 167. The bill extends the bushera tax rates for individuals earning 400,000 per year and couples 450,000. It also delays acrosstheboard spends cuts. Id like to speak for this bill but i cant. 151 voted against the bill because it doesnt address spending. What were really doing is raising taxes to give the president more money to spend. President obama has promised to work with congress to find more spending cuts in the future, but he urged them not to play politics with the nations debt limit. I will not have another debate with this congress over whether or not they should pay the bills that theyve already racked
Raising taxes to give the president more money to spend. Reporter president obama ahead promised to work with congress to find more spending cuts in the future. But he urged them not to play politics with the nations debt limit. I will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. Reporter treasury secretary Timothy Geithner has warned congress that the country is just a few months away from defaulting on its loans for the first time in u. S. History. The consequences for the entire Global Economy would be catastrophic far worse than the impact of a fiscal cliff. Reporter but Many Republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nations debt. The bill now goes to president obama for his signature. Back to you. Thank you. Most overseas stock markets jumped higher today on news that the u. S. Fiscal cliff has been averted. Her
Raising taxes to give the president more money to spend. Reporter president obama has promised to work with congress to find more spending cuts in the future. But he urge them not to play politics with the debt limit. I will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. Reporter treasury secretary Timothy Geithner has warned congress the country is just a few months away from defaulting on its loans for the first time in u. S. History. The consequences for the entire Global Economy would be catastrophic, far worse than the impact of a fiscal cliff. Reporter but Many Republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nations debt. The bill now goes to president obama for signature. Back to you. Thank you. Our other big story the weather this morning. It could be the coldest morning of the week. Lets get a first look at weather
For a broken license plate light. And that is when the suspects car tried to get away. Not only that, they believe that the suspect or suspects fired shots on officers. As they tried to catch up to this car at eddy and franklin there was a crash with a cab. After that the suspects tried to run away. Police arrested the passenger of the car but one man is still on the loose. They believe it is the driver of the car. Its still an active scene, officers gathering evidence from the taxi and the car. Right now they have the passenger in custody. They want to gather more information as time progresses at this time. They set up a perimeter to look for the suspect but said its such a wide area. They did take that down. These suspects are not from San Francisco but other than that we only know that they are two males and we are still waiting for more information. Live in San Francisco, cate caugiran, cb 5. Police are conducting a Homicide Investigation in a residential neighborhood. Last night