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.
Tuesday, May 21 2013 7:59 PM EDT2013-05-21 23:59:26 GMT
A man was critically injured Tuesday in New Castle by an explosion that happened while he opened an antique army ammunition box he picked up from his neighbors trash.
A man was critically injured Tuesday in New Castle by an explosion that happened while he opened an antique army ammunition box he picked up from his neighbors trash.
Tuesday, May 21 2013 7:37 PM EDT2013-05-21 23:37:43 GMT
Helmeted rescue workers race to complete the search for survivors and the dead in the Oklahoma City suburb where a mammoth tornado destroyed countless homes, cleared lots down to bare red earth and claimed 24 lives.
Helmeted rescue workers race to complete the search for survivors and the dead in the Oklahoma City suburb where a mammoth tornado destroyed countless homes, cleared lots down to bare red earth and claimed 24 lives.
Tuesday, May 21 2013 6:01 PM EDT2013-05-21 22:01:25 GMT
Police sources say the two incidents now under investigation took place at Houston Hall, a student center and lecture hall, on Spruce Street in the heart of the University of Pennsylvania campus.
Police sources say the two incidents now under investigation took place at Houston Hall, a student center and lecture hall, on Spruce Street in the heart of the University of Pennsylvania campus.
Tuesday, May 21 2013 3:02 PM EDT2013-05-21 19:02:17 GMT
The death penalty could be the eventual reality for the drug kingpin convicted of killing 12 people. Kaboni Savage's sentencing hearings began Tuesday. While prosecutors claim that a prison isn't going
Sentencing hearings began Tuesday for drug kingpin Kaboni Savage.
Tuesday, May 21 2013 1:43 PM EDT2013-05-21 17:43:01 GMT
The Lehigh County District Attorney's office has charged a couple with conspiring to embezzle $854,497 from the utility account of the South Whitehall Finance Department between 1999 and 2012.Nancy Tonkin,
The Lehigh County District Attorney's office has charged a couple with conspiring to embezzle $854,497 from the utility account of the South Whitehall Finance Department between 1999 and 2012.Nancy Tonkin,
