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Brown the final weekend has now arrived before the fiscal cliff hits on new years day and with it, more than 600 million in tax hikes and spending cuts. In a last bid for a deal, president obama stated his terms facetoface to Top Republicans and democrats. Congressional leaders arrive ted white house this afternoon for their first Group Meeting with the president since november 16th. Vice President Biden and treasury secretary Timothy Geithner also attend. But there was little to suggest the makings of an 11th hour bargain. A source familiar with the meeting told the newshour its president is sticking with his offer from last friday. It included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. President also wants to extend Unemployment Benefits for some 2 million americans who will lose them in the new year. And a proposal would delay any spending cuts. The president asked for an up or down vote on his plan unless ther
Brown the final weekend has now arrived before the fiscal cliff hits on new years day and with it, more than 600 million in tax hikes and spending cuts. In a last bid for a deal, president obama stated his terms facetoface to Top Republicans and democrats. Congressional leaders arrive ted white house this afternoon for their first Group Meeting with the president since november 16th. Vice President Biden and treasury secretary Timothy Geithner also attend. But there was little to suggest the makings of an 11th hour bargain. A source familiar with the meeting told the newshour its president is sticking with his offer from last friday. It included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. President also wants to extend Unemployment Benefits for some 2 million americans who will lose them in the new year. And a proposal would delay any spending cuts. The president asked for an up or down vote on his plan unless ther
And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Warner five days and counting with plenty of titfor tat charges, but no agreement in sight. That, in short, summed up the state of affairs in washington today as the fiscal cliff deadline loomed, january first. It would mean more than 600 billion in acrosstheboard tax increases and automatic spending cuts. Come the first of this year, americans will have less income than they have today. If we go over the cliff, and it looks like thats where were headed. Warner this morning, the senates democratic majority leader, harry reid, was blunt about chances for a deal. And he blamed House Speaker john boehner. Just before christmas, boehner floated his socalled plan b letting taxes rise on millionaires. But faced with opposition in republican ranks, he pulled it, and sent th
And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Warner five days and counting with plenty of titfor tat charges, but no agreement in sight. That, in short, summed up the state of affairs in washington today as the fiscal cliff deadline loomed, january first. It would mean more than 600 billion in acrosstheboard tax increases and automatic spending cuts. Come the first of this year, americans will have less income than they have today. If we go over the cliff, and it looks like thats where were headed. Warner this morning, the senates democratic majority leader, harry reid, was blunt about chances for a deal. And he blamed House Speaker john boehner. Just before christmas, boehner floated his socalled plan b letting taxes rise on millionaires. But faced with opposition in republican ranks, he pulled it, and sent th