President Obama to make statement on fiscal cliff


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Official portrait of President-elect Barack Obama on Jan. 13, 2009.(Photo by Pete Souza) (Pete Souza, © 2008 Pete Souza)
Official portrait of President-elect Barack Obama on Jan. 13, 2009.(Photo by Pete Souza) (Pete Souza, © 2008 Pete Souza)
Updated: 12/21/2012 3:38 pm Published: 12/21/2012 3:37 pm


WASHINGTON (AP) - President Barack Obama is meeting with Senate Majority Leader Harry Reid to discuss a way to avoid the fiscal cliff. The president plans to make remarks at the White House following their meeting.

A White House official says that Obama and Reid are discussing the next steps needed to avoid across-the-board tax increases and steep spending cuts scheduled to kick Jan. 1. Economists fear the combination could deliver a blow to the U.S. economy.

The meeting comes a day after House Speaker John Boehner abandoned efforts to pass his own proposal in the House to avoid the so-called fiscal cliff.

Obama and Boehner had been negotiating a large deficit reduction package with tax increases and spending cuts, but those talks hit a standstill with only days to find a resolution.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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The views expressed here do not necessarily represent those of KOKI FOX23 - Tulsa

aleman - 12/22/2012 10:35 AM
0 Votes
He is a vampire sucking the life blood out this country and Biden is his helper Renfeld...you know...the one that eats cockroaches

Gladys Crump - 12/21/2012 11:19 PM
1 Vote
Discussion is all any of them do,it isn't solving any of our problems, didn't the first four years, won't this next four. There are doers and talkers, and unfortunately this guy is a big bag of hot wind and bull crap. A do nothing who blames everyone else for all the problems and troubles he creates.
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