Rounds of heavy rain will begin to move into the area later tonight, leading to the increased potential for flooding. A Flood Watch is in effect for the entire area from now through Thursday and a Winter Storm Warning goes into effect tomorrow. As we head into Wednesday, temperatures will drop and transition our rain to sleet and eventually to snow. Most of the area could see several inches of snow and sleet before it's all said and done. Keep it locked right here for updates.
WASHINGTON (AP) - Lawmakers are engaged in a playground game of "who goes first," daring each other to let the year end without avoiding a Jan. 1 confluence of higher taxes and deep spending cuts.
President Barack Obama returns from Hawaii Thursday to this familiar showdown in the nation's capital, with even a stopgap solution now in doubt. This post-Christmas period unfolds amid a growing sentiment that Congress could still act in January without causing economic harm.
But a big deficit reduction deal is unlikely. That puts pressure on how Congress deals with the nation's borrowing limit, which Republicans see as another budget-trimming opportunity.
Treasury Secretary Timothy Geithner said Wednesday the government would hit its borrowing limit on Monday but said he would take "extraordinary measures as authorized by law" to postpone a government default.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)