U.S. Will Go Over ‘Fiscal Cliff’ At Midnight
WASHINGTON — The House will not vote Monday night, sending the U.S. over the “fiscal cliff” at midnight.
President Obama said Monday if Republicans want to “shove spending cuts at us” that will hurt seniors, students or middle-class families “without asking also equivalent sacrifice from millionaires or companies with a lot of lobbyists,” they’re wrong. “If they think that’s going to be the formula for how we solve this thing then they’ve got another think coming,” he said.
“It appears that an agreement to prevent” the fiscal cliff tax hike for Americans “is within sight, but it’s not done,” President Barack Obama said Monday.
The agreement would extend tax credits for families with children, for tuition, and for clean energy companies, the president said, adding that it would also extend unemployment insurance.
This is a developing story. Please refresh this page for updates. Follow @fox4kc on Twitter for the latest.