Deadline Looms On 'Fiscal Cliff' Tax Hikes, Government Cuts
Posted:
Updated:
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.
Wednesday, June 19 2013 10:14 PM EDT2013-06-20 02:14:32 GMT
At approximately 2:45pm Wednesday afternoon, a bank robbery occurred at the National Penn Bank on E. High Street in Pottstown, PA. Police have captured three of the fours suspects so far.
At approximately 2:45pm Wednesday afternoon, a bank robbery occurred at the National Penn Bank on E. High Street in Pottstown, PA. Police have captured three of the fours suspects so far.
Wednesday, June 19 2013 8:19 PM EDT2013-06-20 00:19:58 GMT
Breaking news in North Philadelphia on the 2300 block of North Tenth Street, where three people, including a pregnant woman, were shot. This happened just before four this afternoon.
Breaking news in North Philadelphia on the 2300 block of North Tenth Street, where three people, including a pregnant woman, were shot. This happened just before four this afternoon.
Wednesday, June 19 2013 6:11 PM EDT2013-06-19 22:11:57 GMT
If you hated going to traffic court in Philadelphia, you won't have to anymore! Today, Governor Tom Corbett signed a bill abolishing traffic court,effective immediately.
If you hated going to traffic court in Philadelphia, you won't have to anymore! Today, Governor Tom Corbett signed a bill abolishing traffic court,effective immediately.
Wednesday, June 19 2013 5:57 PM EDT2013-06-19 21:57:28 GMT
A main line mascot gets the boot. At issue: cultural sensitivity.It's an issue that's been playing out on athletic fields all over America: re-thinking team names and the mascots that go with them.
A main line mascot gets the boot. At issue: cultural sensitivity.It's an issue that's been playing out on athletic fields all over America: re-thinking team names and the mascots that go with them.
Wednesday, June 19 2013 5:47 PM EDT2013-06-19 21:47:02 GMT
City administration officials came before a City Council committee with orders not to talk about the building collapse, but that didn't stop council members from raising questions.
City administration officials came before a City Council committee with orders not to talk about the building collapse, but that didn't stop council members from raising questions.
Wednesday, June 19 2013 5:06 PM EDT2013-06-19 21:06:59 GMT
Six of the people accused in one of the largest public corruption cases in our area's history plead guilty today in court. 18 people total are accused of bilking the Bensalem school district.
Six of the people accused in one of the largest public corruption cases in our area's history plead guilty today in court. 18 people total are accused of bilking the Bensalem school district.
