Fiscal Cliff Now Just Over One Month Away - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

Fiscal Cliff Now Just Over One Month Away

Posted: Updated:

With the long holiday weekend now over, the nation's capital turns again to the rapidly approaching fiscal cliff, now just over a month away.

You can hear the hum in the air at Amazon's distribution centers, gearing up for what they hope will their busiest day of the year.

President Barack Obama helped juice retail numbers himself this weekend with some Christmas shopping at a Virginia book store.

But on Monday morning, the White House is warning what could happen to retail sales if government spending cuts and massive tax hikes kick in at the end of the year: the fiscal cliff.

It's a concern retailers have already been talking about. Shoppers are uncertain.

Some Republicans have taken a step toward the president since the election, showing a willingness to raise taxes by capping deductions for high earners.

But rates, Republicans say, should stay where they are. And this only works if Democrats agree to spend less.

Fox News' Doug Luzader has more details in this video report.

  • Local NewsMore>>

  • Friends work to 'save' Pennsylvania bucket bear

    Friends work to 'save' Pennsylvania bucket bear

    A group of friends has tracked down and helped to save a western Pennsylvania bear that got its head stuck in a bucket-like contraption.
    A group of friends has tracked down and helped to save a western Pennsylvania bear that got its head stuck in a bucket-like contraption.
  • September Sizzle

    Tuesday, September 2 2014 9:03 AM EDT2014-09-02 13:03:36 GMT

    Summer is not over just yet!  Hot and humid conditions much of the week with temps in the 90's and upper 80's.

     

     

     

     

    Summer is not over just yet! Today will be very hot and humid with high temperatures in the low to mid 90s and mostly sunny skies.  A cold front will bring some thunderstorms tonight, some of which may be severe.

    Wednesday will be less humid but it remains warm all week long.

    Tuesday (93/72): Clouds/Storm

    Wednesday (88/74): Sun/Clouds

    Thursday (89/67): Sunny/Hot

  • All Bets Off As AC's Revel Hotel Casino Shuts Down

    All Bets Off As AC's Revel Hotel Casino Shuts Down

    Tuesday, September 2 2014 6:41 AM EDT2014-09-02 10:41:14 GMT

    Atlantic City's Revel Hotel and Casino has officially closed its doors Tuesday morning, a little more than two years after opening and following months of financial struggles.

    Atlantic City's Revel Hotel and Casino has officially closed its doors Tuesday morning, a little more than two years after opening and following months of financial struggles.

Powered by WorldNow

25 FOX Drive
Dedham, MA 02026

Phone (781) 467-2525

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices