“Fiscal cliff” talks continue as clock ticks down

A deal may be emerging in the “fiscal cliff” negotiations.

The Los Angeles Times reports the plan would raise taxes on incomes, including investments, for taxpayers making more than $450,000 a year.

But the two sides reportedly remain divided on what to do about the automatic spending cuts that make up part of the year-end “fiscal cliff.”

President Obama is expected to speak from the White House this afternoon with the latest developments.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s