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Dec 31 - House won't vote on fiscal cliff before midnight deadline

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 Dec 31 - House won't vote on fiscal cliff before midnight deadline
Unread 2 years agoclass of '12 - away - #1
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MischiefTooReal 95 heat pts95 space
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WASHINGTON (AP) The House will miss the midnight Monday deadline lawmakers set for voting to avoid the "fiscal cliff."

House Republicans notified lawmakers that the chamber will vote Monday evening on other bills. They say that will be their only votes of the day.

President Barack Obama and Senate Republican leader Mitch McConnell said Monday they are near a deal to avoid wide-ranging tax increases and spending cuts the fiscal cliff that take effect with the new year.

Both men said they were still bargaining over whether and how to avoid $109 billion in cuts to defense and domestic programs that take effect on Wednesday.

It remained unclear whether the Senate would vote Monday.

Congress could pass later legislation retroactively blocking the tax hikes and spending cuts.
Link:House won't vote before midnight on 'cliff' deal - Yahoo! News
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Props given to MischiefTooReal hot topic  (12-31-2012)

4 comments for "Dec 31 - House won't vote on fiscal cliff before midnight deadline"

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Unread 2 years agoclass of '10 - away - #2
Frasier 203 heat pts203 space
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Get ready for a credit downgrade folks. (even if they come up with a deal Tomorrow)

Standard & Poor's will definitely downgrade.

Our interest rates our going up.
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Unread 2 years agoclass of '08 - away - #3
foestacks 11 heat pts11 space
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$109 billion in cuts to defense and domestic programs that take effect on Wednesday.

so whats wrong with 109 bill in defense cuts doe
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Unread 2 years agoclass of '05 - away - #4
autoraptronix 10 heat pts10 space
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Who cares. The Bush taxes get axed and the defense budget gets cut. I call that a win win.

The spending cuts will hurt (the poor) but Obama's "compromise" left them in place so there really is no point in this so called deal.
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Unread 2 years agoclass of '04 - away - #5
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should be fun to watch...
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