The News Courier in Athens, Alabama

State and Nation

November 16, 2012

White House calls fiscal cliff talks constructive

— WASHINGTON (AP) — The White House says President Barack Obama had a constructive meeting with congressional leaders on the looming "fiscal cliff" that could undermine the economy and slow job creation in the new year.

Obama met with the top leaders of the House and Senate for more than an hour Friday on ways to avert the cliff, a series of automatic tax increases and spending cuts scheduled to take effect Jan. 1. in the absence of intervening action.

White House Press Secretary Jay Carney said Obama and the legislative leaders "agreed to do everything possible to find a solution" and find a balanced approach to reduce the deficit that includes increased revenue favored by Democrats and spending cuts favored by Republicans.

Congressional leaders expressed confidence they could reach a deal before Christmas.

1
Text Only
State and Nation
Poll

Do you think Athens-Limestone County is better prepared than in April 2011 to provide shelter from a major tornado?

Yes
No
     View Results
Facebook
AP Video
Bon Jovi Helps Open Low-income Housing in Philly Pipeline Opponents Protest on National Mall Hagel Gets Preview of New High-tech Projects S.C. Man Apologizes for Naked Walk in Wal-Mart New Country Music Hall of Fame Inductees Named 'Piles' of Bodies in South Sudan Slaughter New Yorkers Celebrate Cherry Blossom Blooms SCOTUS Hears Tv-over-Internet Case Justice Dept. Broadening Criteria for Clemency Chief Mate: Crew Told to Escape After Passengers 'Miss Meadows' Takes Holmes Back to Her Roots Biden: Russia Must Stop Talking, Start Acting David Moyes Out As Manchester United Manager Raw: Leopard Bites Man in India Iowa College Finds Beauty in Bulldogs High Court to Hear Dispute of TV Over Internet Stowaway Teen Forces Review of Airport Security
Twitter Updates
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Stocks
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Business Marquee