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P, 3 3 3 3 3 we aae now in the final hours for lawmakers to keep the nation from going over the so called fiical cliff. Economists fear thee combinatiin of aatomaticc spending cts and tax increases could trigger a new r. Recession. Andrew sppncer has more on how negotiations today 3 ii there is an ultimate compromise, there will be parts f it that i find disgusttng and reprehensibll which i may have to swallow in the name of finding a compromise. A rare sunday psession on caaitol hill. The senate will come to order. As briefly hit a. Quote. Ajor setback onnsunnay, ovvrrsocial security benefits, according to a emocratic source. But both sides agreed po ppsh forward. I want everyone to know im willing to get this done, but i nnee dance partnnr. Vicepresident joe biden is apparently hat person for senatt minoriiy leader mitch mcconnell. Toplevel sources say the two arr taking over talks. If nothing is ressoved by midnight tonight, tax rates forrall americans will increase. Democrats say i ....
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 ....