Fiscal Cliff Looms as Congress Gets Back to Work
President, Congress have just a few days to avert automatic tax increases and spending cuts.
Thursday, Starbucks baristas from stores across the area will write "come together" on all cups to encourage Congress and the president to come together to fix the fiscal cliff issue. A list of participating Starbucks in Arlington is at the bottom of this article. For more information on this initiative, go to www.patch.com/fixthedebt. Congress and President Barack Obama are racing against the clock this week as they make one last attempt to hammer out a deal to avoid the so-called fiscal cliff the U.S. government is set to go over on New Year’s Day. Without a compromise deal to lower the deficit, the government will face a self-imposed deadline that triggers both spending cuts and higher taxes. Congress itself set the Jan. 1 deadline …
In this Article:
Beth Lawton
5:04 pm on Wednesday, December 26, 2012
President Obama headed back to DC today, as well. http://www.usatoday.com/story/theoval/2012/12/26/obama-leaves-hawaii-early/1791495/ more ›