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Happy New Year: U.S. to Go Over Fiscal Cliff

Dave M Wrote: Dec 31, 2012 9:21 PM
He diddn't. He agreed to an extension of unemployment benefits which will wipe out what few reductions in spending increases there were. Oh- yes he agreed to continue subsidies on milk.

It’s official. The United States will go over the cliff tonight—at least for a little while.  The House announced they will not hold a late-night vote even if legislation cleared the Senate. Although it’s not confirmed, some sources are pointing to Obama’s ‘attitude and criticism of Congress’ during the press conference/pep rally he held this afternoon as reason for the adjournment. 

Earlier today, Sen. McConnell said that he reached an agreement with Vice President Biden on the tax portion of the deal, which calls for individuals making $400,000 and families making $450,000 to see their rates rise to...