Thank you, suzanne. Im Victor Blackwell in for Brooke Baldwin. Thank you for being with us today. The president is pulling the plug on his trip to hawaii to tend to urgent matters in washington. With tax hikes looming in less than a week, hes scheduled to return to the white house tomorrow, just as a Deadlocked Congress reconvenes days ahead of the socalled fiscal cliff. Youre just six days from feeling this. Now, first hit is coming on january 1st when your take home pay will drop by 2 because of a scheduled hike in the Social Security payroll tax. Thats just the start. Income taxes are set to climb too. And youll notice that when employer gets to around the adjusted withholding, the Government Spending cuts, those are also scheduled for january 1st and bound to slow the economy and some argue theyll weaken the military. Congress has seen this coming, but an effort to limit the damage failed last week. Republican House Speaker john boehner could not persuade enough members of his part
Year. Moon river the lasting gifts and the laughs they leave behind. Everything you do, do it cool. Stand back. Good evening on this friday night. Diane is spending this Holiday Weekend with her family. We begin with the 11th hour high stakes meeting at the white house late today to avoid the fiscal cliff. But no deal, asanger builds across the country, the clock is ticking. Just four days left before taxes go up for all americans and federal programs see major cuts. Weve shown you the math here. The average American Household would see their tax bill go up nearly 3,500. This evening, president obama telling congress, the American People are watching what were doing here. He appeared in the Briefing Room a short time ago. Lets go right to jon carl tonight. Good evening. Reporter good evening, david. There are finally signs of life here in washington. After meeting with congressional leaders here at the white house, the president pronounced himself modestly optimistic that a bipartisan
They leave behind. Everything you do, do it cool. Stand back. Good evening on this friday night. Diane is spending this Holiday Weekend with her family. We begin with the 11th hour high stakes meeting at the white house late today to avoid the fiscal cliff. But no deal, asanger builds across the country, the clock is ticking. Just four days left before taxes go up for all americans and federal programs see major cuts. Weve shown you the math here. The average American Household would see their tax bill go up nearly 3,500. This evening, president obama telling congress, the American People are watching what were doing here. He appeared in the Briefing Room a short time ago. Lets go right to jon carl tonight. Good evening. Reporter good evening, david. There are finally signs of life here in washington. After meeting with congressional leaders here at the white house, the president pronounced himself modestly optimistic that a bipartisan agreement can finally be struck that would prevent
After meeting with congressional leaders here at the white house, the president pronounced himself modestly optimistic that a bipartisan agreement can finally be struck that would prevent taxes from going up on virtually everybody in just four days. After meeting with the congressional leaders, the president said there would be one more effort to come to a bipartisan agreement to avoid the fiscal cliff. The hour for immediate action is here. It is now. And the American People are not going to have any patience for a politically, selfinflicted wound to our economy. Reporter there are signs of progress. Mitch mcconnell and harry reid have agreed to spend the next 24 hours trying to come to a bipartisan agreement on a smaller fallback plan to keep at least some taxes from going up. After the meeting, House Democrat leader nancy pelosi told us shes at least a little encouraged. It was constructive. As i say, candor is constructive, and i think it moved us forward, but well see. Reporter it