White House Calls Fiscal Cliff Talks Constructive - WMDT 47 News - Delmarva's Choice

White House Calls Fiscal Cliff Talks Constructive

Posted: Updated:
By Leanne Murray - email

WASHINGTON (AP) - The White House says President Barack Obama had a constructive meeting with congressional leaders on the looming "fiscal cliff" that could undermine the economy and slow job creation in the new year.
    
Obama met with the top leaders of the House and Senate for more than an hour Friday on ways to avert the cliff, a series of automatic tax increases and spending cuts scheduled to take effect Jan. 1. in the absence of intervening action.
    
White House Press Secretary Jay Carney said Obama and the legislative leaders "agreed to do everything possible to find a solution" and find a balanced approach to reduce the deficit that includes increased revenue favored by Democrats and spending cuts favored by Republicans.
    
Congressional leaders expressed confidence they could reach a deal before Christmas.

 

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 This material may not be published, broadcast, rewritten or redistributed.)

  • Local NewsLocal News

  • Tuesday, May 21 2013 12:38 AM EDT2013-05-21 04:38:47 GMT
    OCEAN CITY, Md. - During a nearly 6 hour, highly contentious, Ocean City City Budget meeting, the council discussed and voted on a number of key issues on the table. The budget passed Monday night with
    OCEAN CITY, Md. - During a nearly 6 hour, highly contentious, Ocean City City Budget meeting, the council discussed and voted on a number of key issues on the table. The budget passed Monday night with

  • Tuesday, May 21 2013 12:15 AM EDT2013-05-21 04:15:55 GMT
    WASHINGTON D.C.  - President Barack Obama has declared a major disaster in Oklahoma as the state recovers from a massive tornado that ripped through the Oklahoma City suburbs Monday, killing dozens and
    WASHINGTON D.C.  - President Barack Obama has declared a major disaster in Oklahoma as the state recovers from a massive tornado that ripped through the Oklahoma City suburbs Monday, killing dozens and

  • Tuesday, May 21 2013 12:05 AM EDT2013-05-21 04:05:27 GMT
    WMDT 47 NEWS - The Shorebirds scored 1 in the first inning, and that was it for the home team in their loss to the Lakewood BlueClaws Monday night.Lakewood starter Jonathan Musser went 5 complete innings
    WMDT 47 NEWS - The Shorebirds scored 1 in the first inning, and that was it for the home team in their loss to the Lakewood BlueClaws Monday night.Lakewood starter Jonathan Musser went 5 complete innings
    •   

  • Contests

  • This week's Friday Freebie is a spa package, from Made Ya Look Salon and Day Spa in Rehoboth Beach. Valued at $150.
    This week's Friday Freebie is a spa package, from Made Ya Look Salon and Day Spa in Rehoboth Beach. Valued at $150.

  • Feeling the pain at the pump? We can help! Watch WMDT 47 News at 6 for our Spring Gas Giveaway. WMDT and Gordy Tiger Mart want to give away 30 $100 Exxon Mobil gas cards starting April 25, 2013. Register
    Register to win a $100 gas card!

  • The WMDT/Mountaire Better Delmarva Award is a monthly honor designed to highlight local individuals, businesses, civic organizations or classrooms who are going above and beyond in their effort to assist others in the community or to improve and protect the local environment.  Each month a winner is chosen by a Mountaire selection committee from submitted nominations.
    •   
Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2013 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.