Looming 'Fiscal Cliff' Has Politicians Talking | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Filed Under:

Looming 'Fiscal Cliff' Has Politicians Talking

Play associated audio
Sen. Mark Warner was part of a bi-partisan group looking to make it easier for foreign entrepreneurs to start businesses in the U.S., now he is looking for a bi-partisan solution to the looming budget cuts.
Matt Laslo
Sen. Mark Warner was part of a bi-partisan group looking to make it easier for foreign entrepreneurs to start businesses in the U.S., now he is looking for a bi-partisan solution to the looming budget cuts.

As this year's elections kicks into full gear, partisan bickering is distracting lawmakers on Capitol Hill, but some of the senators in the region are urging their colleagues to start resolving some looming battles now.

"We all realize that fairly quickly after the election we've got deadlines," said Sen. Mark Warner, D-Va. "If we think the challenge was great with the debt ceiling, folks ain't seen nothing yet."  

Economists say the US is heading toward a "fiscal cliff" on January 1, when Bush-era tax cuts are set to expire and more than a trillion dollars is scheduled to be cut from the federal budget. 

Sen. Warner, who does not have to worry about being reelected this year, is meeting with a bipartisan group of senators trying to work out a broad compromise to reduce the deficit. He says he wants to avoid a last minute showdown like the one that happened with the debt ceiling debate last year. 

Sen. Ben Cardin, D-Md. is up for reelection this year, but he agrees that Congress can't afford to wait to resolve major fiscal issues in the lame duck session after the elections. 

"I want to get things done. I'd like to get some form of a budget moving forward, perhaps eliminating the $1.2 trillion in sequestration or at least do the extenders, so I'm for trying to get some action before Nov. 6."

NPR

Wounded Bull-Runner: 'If You Run Long Enough, You Get Gored'

Bill Hillmann, a writer from Chicago, contributed to the book Fiesta: How to Survive the Bulls of Pamplona. He was gored at this year's running of the bulls in that city, but says he plans to return.
NPR

What If The World Cup Were Awarded For Saving Trees And Drinking Soda?

We thought you'd get a kick out of seeing how the four teams in the final World Cup matches stack up in global health and development.
NPR

What Could $100 Million Buy You — Besides Campaign Ads In Kentucky?

Spending on the Kentucky Senate race might reach $100 million. So what else could that get you in the Bluegrass State? NPR's Tamara Keith finds out when she calls up some local business owners.
NPR

Looking For Free Sperm, Women May Turn To Online Forums

Bypassing commercial sperm banks, thousands are logging on to websites where women can connect with men at no cost. Anecdotes abound, but the scope of the unregulated activity is unclear.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.