WKYT | Lexington, Kentucky | News, Weather, Sports

White House meeting a last stab at a fiscal deal

WASHINGTON (AP) - Top members of Congress and President Barack Obama are holding out slim hopes for a limited fiscal deal before the new year. Congressional leaders are preparing to meet at the White House, but there are no signs that legislation palatable to both sides is taking shape.

A Friday afternoon meeting among congressional leaders and the president - their first since Nov. 16 - stands as a make-or-break moment for negotiations to avoid across-the-board first-of-the-year tax increases and deep spending cuts.

Obama called for the meeting as top lawmakers alternately cast blame on each other while portraying themselves as open to a reasonable last-minute bargain.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 185018561 - wkyt.com/a?a=185018561