Contact Us
Make My Homepage

“Fiscal Cliff” Looms, No Progress Seen

President Barack Obama and members of Congress are heading back to Washington — but that doesn’t mean there’s hope of a deal to avoid the “fiscal cliff.”

Flickr User 401k

Congressional officials say they don’t know of any significant strides toward a compromise during the long Christmas weekend, and they say no negotiations have been set.

Late last week, Obama urged lawmakers to scale back their ambitions, and to send him legislation preventing tax cuts on all but the highest-earning Americans — and also to extend unemployment benefits for the long-term jobless.

But even half-measures face an uncertain future — meaning the tax increases and spending cuts could go into effect as scheduled next week.

The Senate is due in session tomorrow, but the immediate agenda includes legislation on government surveillance of suspected spies and terrorists abroad. There’s also a measure providing $60 billion for victims of Superstorm Sandy.

The House has no plans to convene, after last week’s rebellion in which conservatives torpedoed Speaker John Boehner’s legislation to prevent a tax increase on most people while letting them take effect on people earning more than a million dollars.


Copyright 2012 by The Associated Press. All Rights Reserved.)

Best of NJ101.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.