IMPORTANT INFORMATION FOR DISH SUBSCRIBERS – SERVICE INTERRUPTION – CLICK HERE

Obama says immediate action needed on fiscal cliff

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
President Barack Obama file

WASHINGTON (AP) — President Barack Obama says “the hour for immediate action is here” on a deal to avert the fiscal cliff.

The president says he remains “optimistic” that an agreement can be reached in Congress before a looming year-end deadline to avoid tax increases and spending cuts.

If Congress can’t reach a deal, the president says Congress should allow a vote on a basic package that would preserve tax cuts for middle-class Americans while extending unemployment benefits for the long-term jobless and working toward a foundation for a broader deal.

The president says an hourlong meeting Friday with congressional leaders was “good and constructive.”

Senate leaders say they hope to reach a compromise that could be presented to lawmakers by Sunday, little more than 24 hours before the deadline.

Source: The Associated Press

Follow

Get every new post delivered to your Inbox.

Join 82,474 other followers