Auckland, new zealand monday, december 31ss ,3 3 3 3 3 3 3 3 thh clock issticking. For prommgoing over the socalled fiscal cliff. Cliff. If nothing ii resolled by midnight tonight. Tax rates for all americans will increase. Democrats want higher taxes on familles earning 250thousanddollars a year and over. Republlcans want tax rates to stay where they arr. utaaes seem to bbe compromise. Others want to see Government Spending put in check. Presiddnt obama says. Hes willing toodo that. I offereddover a trilliin dollars in additional spending cuts ss hht we would have two dollars of spending cuts for every one dollar of increased revenue. The senate ssands in recess the senate is scheduled to reconvene at 11am. Even if lawmakers dont come to angreement tooight. You probably wont see a drastic change in your next paycheck. Thats because businesses pikely used 2012 withholdingg would happennrtain about what happen. If you want to see how much your taxes would go upp pgreement. Go to foxbalt
Nations capitol. There to avert the fiscal cliff and stop your taxes from going up tonight. Senate majority leader harry reid said they had reached roadblock and pnegotiations are deadlocked. We are only 26 hourss way from good evening, im jjnniferrgilbert. Youve fiscal cliff lately, heres congress decided to create a meehanismmthht cut militaay spending and entitlemmnt trillion dollars to try to force themselves into a deaal deal. That cliff is heree and it arrives as taxes are set o go up on all americans. Anyone making ovee four year to pay more in taxes. Conservative republicans dont want to raise taaes on anyyne. Theyre deeand only aspending cutsa to curb he countryss debt. Vice President Biden and minorityyleeder Mitch Mcconnell are now talking agreement bott sidessof the senate caa agree on. 3 3 p obviously, whaa had happened here between the two leaaers innthe senate had broken down because the senatt democrats republiianssmade last night. So hoppfully, the discussions back on
Hear the emotional song sung for president george h. W. Bush by country superstars while his family held vigil at his hospital bed. Ah, the oak ridge boys, one of the former president s favorite bands getting a serenade getting together for the president who was in the hospital singing Amazing Grace and their big hit, elvira, through the phone. Great news. Their serenade seemed to bring some good luck. The former president is getting better, and well have the latest on his condition. Elvira was one of my favorite songs growing up. We share our taste in music, the president and i. I was surprised to learn that factoid. Also coming up, the story of how two teenage boys ended up kneedeep and barefoot in an icy swamp. And the extraordinary rescue that played out. It involved a cell phone, a chopper and a game of hot and cold. Well tell you about that in just a few minutes. The survival lesson they wont soon forget. Also, those kids put their phone to good use. If you got your kid an iphone
Is Britney Spears about to lose her job as a judge on a talent show . Why simon cowell reportedly thinks shes toxic to the shows success. And good morning, everyone. Weve got a lot to get to this last week of 2012. Can you believe this year is almost over . And of course, were going to start the show with weather. Take a look at snow falling overnight in illinois. The year ending with a onetwo punch of nasty Winter Weather for much of the country. Ginger zee will tell us how it will affect your travel plans. The second storm in just a matter of days. Nothing makes ginger happier than a big winter storm. Well talk to her in just a moment. Speaking of travel. This is exactly what you do not want to hear after youve ponied up for a luxury christmas cruise on the queen mary 2. The captain warning passengers not to use the public bathrooms or eat at the buffet. Theres a virus spreading this morning. Well have that coming up. Cdc is investigating now. And battling a stomach bug is not an ide
For president george h. W. Bush by country superstars while his family held vigil at his hospital bed. Ah, the oak ridge boys, one of the former president s favorite bands getting a serenade getting together for the president who was in the hospital singing Amazing Grace and their big hit, elvira, through the phone. Great news. Their serenade seemed to bring some good luck. The former president is getting better, and well have the latest on his condition. Elvira was one of my favorite songs growing up. We share our taste in music, the president and i. I was surprised to learn that factoid. Also coming up, the story of how two teenage boys ended up kneedeep and barefoot in an icy swamp. And the extraordinary rescue that played out. It involved a cell phone, a chopper and a game of hot and cold. Well tell you about that in just a few minutes. The survival lesson they wont soon forget. Also, those kids put their phone to good use. If you got your kid an iphone for christmas i did, my step