White House To Host Congressional Leaders Friday For Fiscal Deadline Talks | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

White House To Host Congressional Leaders Friday For Fiscal Deadline Talks

President Barack Obama will meet with the four leaders of Congress Friday to discuss a possible deal that would avoid automatic spending cuts and tax increases in the new year.

The session, to be held at the White House, would come just days before the "fiscal cliff" deadline that arrives on Jan. 1.

News of the meeting came after Senate Minority Leader Mitch McConnell (R-Ky.) spoke on the Senate floor Thursday, when he mentioned that he had spoken with the president about a new proposal.

"Members on both sides of the aisle will review it, and then we'll decide how best to proceed," McConnell said. "Hopefully there is still time for an agreement of some kind that saves the taxpayers from a wholly preventable economic crisis."

The White House also confirmed the planned session with NPR's Ari Shapiro.

As Mark reported earlier, Senate Majority Leader Harry Reid (D-Nev.) said of the fiscal cliff today, "It looks like that's where we're headed."

Friday, Reid and McConnell will head to White House, along with House Speaker John Boehner and Minority Leader Nancy Pelosi.

For many Americans, the hot topic isn't only how the "cliff" might be avoided, but what might change for them if a deal isn't reached.

A CBS piece cites the nonpartisan Tax Policy Center, reporting that "going off the cliff would affect 88 percent of U.S. taxpayers, with their taxes rising by an average of $3,500 a year."

The AP reports that other effects could include the loss of federal unemployment aid for "some 2 million jobless Americans." And taxpayers who want to file their returns early in 2013 might be forced to wait to see if a deal comes through.

Ida Lieszkovszky looked at the potential impact on America's schools, in a piece for NPR's State Impact project that found the threat of "serious, though not immediate" cuts.

And Utah's Deseret News looked at what a potential hike in milk prices — to $6 or $8 a gallon — might mean for families and farmers. That scenario has been raised as a possibility if there's no motion on a farm bill, which has been sidelined by the "cliff" talks.

But it's also worth remembering what some call the "kick the can" scenario, in which Congress and the White House only reach a partial agreement, and make the fiscal cliff a bit less jarring to the U.S. economy.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

Between World Wars, Gay Culture Flourished In Berlin

In Gay Berlin, Robert Beachy describes the rise of a gay subculture in the 1920s and '30s, how it contributed to our understanding of gay identity and how it was eradicated by the Nazis.
NPR

A Holy Land Christmas Porridge Honors A Damsel In Distress

Some Christians in Israel and the West Bank celebrate Eid el-Burbara on Dec. 17. The feast honors St. Barbara, an early convert to Christianity whose story is echoed in the Rapunzel tale.
WAMU 88.5

Hogan Cabinet Appointments Expected In Annapolis Today

Maryland governor-elect Larry Hogan will announce some of his cabinet appointments today, but there's no early indication which positions he will fill.

NPR

Google News Is Taken Offline In Spain, After A Call For Payments

In Spain, Google and other news aggregators would face steep fines if they publish headlines and abstracts without paying.

Leave a Comment

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