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Fiscal Cliff

Wednesday, December 26, 2012

Fiscal Cliff Looms as Congress Gets Back to Work

President, Congress have just a few days to avert automatic tax increases and spending cuts.

Thursday, Starbucks baristas from stores across the area will write "come together" on all cups to encourage Congress and the President to come together to fix the fiscal cliff issue. A list of participating Starbucks in and around Georgetown is at the bottom of this article. For more information about this initiative, go to www.patch.com/fixthedebt. Congress and President Obama are racing against the clock this week as they make one last attempt to hammer out a deal to avoid the so-called “fiscal cliff” the U.S. government is set to go over on New Year’s Day. Without a compromise deal to lower the deficit, the government will face a self-imposed deadline that triggers both spending cuts and higher taxes. Congress itself set the Jan. 1 …

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