Tuesday, September 16, 2014

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Obama ends vacation early to tackle fiscal cliff before deadline

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TWC News: Obama ends vacation early to tackle fiscal cliff before deadline
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WASHINGTON – President Barack Obama is cutting his Hawaiian Christmas trip short to get back to work.

The president and Congress are expected back in Washington on Thursday to try to hammer out a deal to avoid the fiscal cliff. If they don't reach an agreement by the end of the year, massive program cuts and tax increases for all Americans will take effect Jan. 1.

Experts predict “falling over the cliff” could send the country back into recession.

Last week, conservative Republicans rejected a proposal by House Speaker John Boehner because it would have raised taxes on millionaires.

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