Obama Coming To Hatfield To Make 'Fiscal Cliff' Push - Mid-South News, Weather, Traffic and Sports | FOX13

Obama Coming To Hatfield To Make 'Fiscal Cliff' Push

Posted: Updated:
PHILADELPHIA -

President Barack Obama brings his fight against the "fiscal cliff" to Montgomery County on Friday.

With just about a month to go, and based on what we're hearing now from both the White House and Republicans in Congress, an agreement may be getting less and less likely.

The president will visit a small business in Hatfield. He wants to use it as an example of the types of companies he says will be hurt if lawmakers don't stop the series of tax increases and spending cuts from going into effect Jan. 1.

Call it an opening bid, or a bombshell. Either way, the president's plan to stave off the fiscal cliff – the broad-based tax hikes and spending cuts at the end of the year – appears to have shocked Republicans in Congress.

The GOP says it calls for: $1.6 trillion in new tax hikes over the next decade, most of which would hit wealthy earners; another dose of stimulus spending; and the spending cuts that both sides say are necessary to reduce the deficit, the president would largely tackle those later, perhaps next year.

Republican congressional leaders are accusing Democrats of moving the nation closer to the fiscal cliff by refusing to outline possible spending cuts.

After a meeting with Treasury Secretary Tim Geithner on Thursday, House Speaker John Boehner said there has been no substantive progress and no specific plan from the White House.

"I'm disappointed in where we are and disappointed in what's happened over last couple of weeks," Boehner said. "I'm here seriously trying to resolve it, and I would hope the White House would get serious as well."

Senate Minority Leader Mitch McConnell, a Republican from Kentucky, said, "We're insisting on keeping tax rates where they are, first and foremost, to protect jobs and because we don't think government needs the money in the first place."

White House Press Secretary Jay Carney said, "The President has made clear from the start that he understands that he will not get every item in this proposal or in his budget proposal, that compromise requires tough choices from all sides."

Senate Majority Leader Harry Reid says Democrats are still waiting for a serious offer from Republicans.

  • Local NewsMore>>

  • Only On Fox: Arsonist On The Loose In South Jersey Town

    Only On Fox: Arsonist On The Loose In South Jersey Town

    Wednesday, April 16 2014 4:45 PM EDT2014-04-16 20:45:07 GMT
    It started with a brush fire, then another fire at the rear of this home on Monroe Street and finally a blaze that swept through this vacant home up the block, just a few feet away from where Emma Sethman
    It started with a brush fire, then another fire at the rear of this home on Monroe Street and finally a blaze that swept through this vacant home up the block, just a few feet away from where Emma Sethman
  • Teenage Boy Reported Missing In Camden

    Teenage Boy Reported Missing In Camden

    Teenage Boy Reported Missing In Camden

    Monday, April 21 2014 1:06 AM EDT2014-04-21 05:06:41 GMT
    Officials say Michael Edwards was last seen when he left his home on the 700 block of Berkley Street. He is described as a black male 5’5, 120 points, with brown eyes and black hair.Officials say Michael Edwards was last seen when he left his home on the 700 block of Berkley Street. He is described as a black male 5’5, 120 points, with brown eyes and black hair.
    Camden County Police are looking for a 15-year old teenage boy reported missing Saturday night.
    Camden County Police are looking for a 15-year old teenage boy reported missing Saturday night.
  • Police Search For Person Of Interest In Collingdale Hit-And-Run

    Police Search For Person Of Interest In Collingdale Hit-And-Run

    Monday, April 21 2014 1:05 AM EDT2014-04-21 05:05:34 GMT
    A man was struck by a SUV in Collingdale early Saturday morning. Police responded to reports of a hit and run on the 900 block of Bedford Avenue around 5:30 a.m. Upon arrival, they found a Range Rover crashed into a Chrysler 300 and a man was also laying the lawn of 919 Bedford Avenue covered in blood. The victim was transported to Crozer Chester Medical Center. He is in surgery with severe head and severe lower b...
    A man was struck by a SUV in Collingdale early Saturday morning. Police responded to reports of a hit and run on the 900 block of Bedford Avenue around 5:30 a.m. Upon arrival, they found a Range Rover crashed into a Chrysler 300 and a man was also laying the lawn of 919 Bedford Avenue covered in blood. The victim was transported to Crozer Chester Medical Center. He is in surgery with severe head and severe lower b...
Powered by WorldNow

WHBQ-TV | Fox 13
485 S. Highland St.
Memphis, TN 38111

Main Station: (901) 320-1313
Newsroom: (901) 320-1340

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices