Provided by www.whitehouse.gov Report Details Consequences if Congress Fails to Extend Middle-Class Tax Cuts
Report Details Consequences if Congress Fails to Extend Middle-Class Tax Cuts
WASHINGTON -
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.
Friday, May 24 2013 10:26 PM EDT2013-05-25 02:26:18 GMT
Philadelphia Police are looking for a man that sexually assaulted a teenage girl in Germantown.Police say the incident happened just before 11P.M. on May 19th on the 6000 block of Wister Street.The suspect
Philadelphia Police are looking for a man that sexually assaulted a teenage girl in Germantown.
Friday, May 24 2013 10:01 PM EDT2013-05-25 02:01:49 GMT
Kasey's bark may be worse than her bite. But Hamilton Township Police say the crook who tried to rob Draper Ellis late Thursday afternoon at his "May's Landing Auto Parts Store" didn't stick around
A South New Jersey business owner comes face to face with a suspected robber threatening him with a knife. Thanks to his 7-year-old family pet, the crook ran off.
Friday, May 24 2013 7:08 PM EDT2013-05-24 23:08:04 GMT
Busy planning your cook-out or trip down the shore this Memorial Day Weekend? Don't forget about the men and women for whom the holiday is observed.
Busy planning your cook-out or trip down the shore this Memorial Day Weekend? Don't forget about the men and women for whom the holiday is observed. FOX 29's Bruce Gordon spent a day with folks preparing a veterans' cemetery for its day in the spotlight.
Friday, May 24 2013 5:48 PM EDT2013-05-24 21:48:26 GMT
Surveillance video you'll see only on FOX shows chaos just after a police officer opened fire on a man who witnesses say had his hands up to surrender. Police deny that claim.
Surveillance video you'll see only on FOX shows chaos just after a police officer opened fire on a man who witnesses say had his hands up to surrender. Police deny that claim.
Friday, May 24 2013 5:30 PM EDT2013-05-24 21:30:28 GMT
Ocean City is a fabulous family-friendly, shore town that is ready for a fabulous Summer season. From the relaxing beaches to the famous boardwalk, Ocean City is safe, clean and has some of the best food
Ocean City is a fabulous family-friendly, shore town that is ready for a spectacular Summer season.
Friday, May 24 2013 4:40 PM EDT2013-05-24 20:40:06 GMT
Not the prettiest Friday, but we're ready for a great weekend. Expect scattered showers and thunderstorms throughout the day. After an early high in the upper sixties, temperatures fall & winds pick up out of the chillier northwest. Right now the Memorial Day Weekend looks sunny and cool with highs in the low to mid 60s on Saturday, in the 70s Sunday & Monday. Cooler temps at the shore.
