There was more squabbling in Washington on Thursday as the nation prepared to go over the latest fiscal cliff — $85 billion in budget cuts.
The feds are keeping a tight lid on the details of the inmate release, saying only that there are “hundreds” nationwide, and that they are “non-criminals and other low risk offenders.”
President Barack Obama has issued a travel warning to the flying public: If the government goes over the latest fiscal cliff, expect major delays at airports, especially those in the busy Tri-State Area.
Just eight days remain before we could go over the next fiscal cliff in Washington, and CBS 2 has learned that in New York alone the job losses would be widespread, and painful.
President Barack Obama demanded Monday that Congress raise the federal debt limit quickly and said he will soon ask Congress to enact new gun legislation in the wake of the shootings a month ago in Newtown, Conn.
At midnight, not only did the ball drop in Times Square, ushering in a New Year, but Congress dropped the ball on delivering the country meaningful deficit reduction.
After months of debating and back room deals, Congress passed a bill late Tuesday night which will keep the country from falling off the fiscal cliff.
The U.S. House of Representatives has passed the “fiscal cliff” deal already approved by the U.S. Senate, after a decision not to allow amendments that would have kicked it back to the Senate.
The White House has reached an agreement with Senate Republican leaders on a deal prevent the “fiscal cliff,” CBS News has learned.
If Congress manages to pass a feeble, last minute, deal on taxes it will be a deal that is long overdue. All of this could have been avoided.
A deal on Capitol Hill to avert the so-called fiscal cliff was proving elusive Sunday, as a deadline to avert tax hikes on virtually every American worker and block sweeping spending cuts set to strike the Pentagon and other federal agencies grew perilously near.
The clock is ticking in Washington. Lawmakers are running out of time to avert the “fiscal cliff.”
Tax doomsday is looming, but it’s still a political standoff in D.C., with one side seemingly waiting for the other to act. While the Senate is already in session, the House will not be back before Sunday.
President Barack Obama was to return to Washington on Thursday after cutting short his Christmas vacation in Hawaii. The Senate will be in session. But so far the House of Representatives has no plans to meet.
Holidays sales numbers so far have been disappointing, but people appear to be ready for the post-Christmas bargains, and even the tourists know to wait if they want to save money.