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.
Sunday, May 19 2013 8:20 AM EDT2013-05-19 12:20:57 GMT
Finding a job without a college degree can be a difficult task, even if you're a war veteran. Now, they have the opportunity to turn their military training into college credits.
Finding a job without a college degree can be a difficult task, even if you're a war veteran. Now, they have the opportunity to turn their military training into college credits.
Sunday, May 19 2013 7:58 AM EDT2013-05-19 11:58:46 GMT
Once hailed as a hero after surviving a shotgun blast to his face in 2007, a former police officer is now charged with raping and sexually assaulting two women at gunpoint he met at a party.
Once hailed as a hero after surviving a shotgun blast to his face in 2007, a former police officer is now charged with raping and sexually assaulting two women at gunpoint he met at a party.
Sunday, May 19 2013 1:45 AM EDT2013-05-19 05:45:51 GMT
A Powerball jackpot-winning ticket worth an estimated $590.5 million was sold in Florida, but there were also million-dollar winners sold in Pennsylvania and New Jersey, according to the lottery.
A Powerball jackpot-winning ticket worth an estimated $590.5 million was sold in Florida, but there were also million-dollar winners sold in Pennsylvania and New Jersey, according to the lottery's website.
Saturday, May 18 2013 9:28 PM EDT2013-05-19 01:28:06 GMT
Rain moved in Saturday afternoon and the chance for it will stick around through the seven day forecast.
It becomes very unsettled across our area with clounds and showers again Sunday. The best chance for rain is in the morning and afternoon thunderstorms are possible towards our south.
Sunday is cool but we do warm up well into the 80s by Tuesday. With the warm weather comes a better chance for thunderstorms.
Friday, May 17 2013 11:44 PM EDT2013-05-18 03:44:01 GMT
A couple of Good Samaritans helped rescue a 3-year-old boy's lifeless body from an Allentown creek. Their quick thinking and help from police helped bring the boy back to life.
A couple of Good Samaritans helped rescue a 3-year-old boy's lifeless body from an Allentown creek. Their quick thinking and help from police helped bring the boy back to life.
Friday, May 17 2013 7:38 PM EDT2013-05-17 23:38:13 GMT
A woman who lived with a Delaware pediatrician accused of waterboarding her 11-year-old daughter has agreed to plead guilty to child endangerment charges and testify against him.
A woman who lived with a Delaware pediatrician accused of waterboarding her 11-year-old daughter has agreed to plead guilty to child endangerment charges and testify against him.
