Deadline Looms On 'Fiscal Cliff' Tax Hikes, Government Cuts
Posted:
Updated:
WASHINGTON -
The clock is ticking in Washington to reach a deal and avert the "fiscal cliff."
President Barack Obama is on his way back to Washington as we speak. The president cut his vacation short and left Hawaii early Thursday morning.
While Obama returns to resume work on a budget deal, it turns out the House of Representatives will not be in session today. GOP leaders have not called on Republican lawmakers to convene and cut their holiday vacation short in order to work on the problem.
This makes it extremely unlikely that lawmakers will reach a compromise before the New Year begins on Tuesday and tax increases and service cuts go into effect for most Americans.
The Senate is planning to hold a session Thursday.
FOX's Molly Henneberg has more in this video report on what will happen to us if Washington doesn't get its act together and make a deal.
Tuesday, May 21 2013 12:26 AM EDT2013-05-21 04:26:18 GMT
A monstrous tornado at least a half-mile wide roared through the Oklahoma City suburbs Monday, flattening entire neighborhoods and destroying an elementary school with a direct blow.
A monstrous tornado at least a half-mile wide roared through the Oklahoma City suburbs Monday, flattening entire neighborhoods and destroying an elementary school with a direct blow.
Monday, May 20 2013 11:08 PM EDT2013-05-21 03:08:39 GMT
An ugly business stained with sex, drugs and violence is exploding on the Internet. It's called sex trafficking, and it happens right here in our area.
An ugly business stained with sex, drugs and violence is exploding on the Internet. It's called sex trafficking, and it happens right here in our area.
Monday, May 20 2013 11:07 PM EDT2013-05-21 03:07:00 GMT
A woman says she got kicked out of a Montgomery County mall for wearing a cancer-awareness hat. But it's the language, not the message, that got her into trouble.
A woman says she got kicked out of a Montgomery County mall for wearing a cancer-awareness hat. But it's the language, not the message, that got her into trouble.
Monday, May 20 2013 10:20 PM EDT2013-05-21 02:20:18 GMT
Mike Kersten and his wife Lisa of Croydon, Lower Bucks County opened their front door over the weekend only to find police telling them to stay inside. A large black bear was spotted climbing one of
A black bear seen in Bucks County is still the talk of the area for residents.
Monday, May 20 2013 7:27 PM EDT2013-05-20 23:27:47 GMT
A century-old community staple in Cherry Hill was up for auction Monday. The Woodcrest Country Club has experienced some financial problems recently, and after efforts from the township and the Freeholders
Cherry Hill's Woodcrest Country Club went up for auction Monday, with a pending sale in place after an offer from a Marlton-based developer.
Monday, May 20 2013 5:13 PM EDT2013-05-20 21:13:26 GMT
The family of the 5-year-old kindergartner abducted in broad daylight from her Philadelphia school is now planning on suing the city and the school district.
The family of the 5-year-old kindergartner abducted in broad daylight from her Philadelphia school is now planning on suing the city and the school district.
WTXF-TV 330 Market Street Philadelphia, PA 19106-2796
