How Much of a Bite Could the 'Fiscal Cliff' Take Out of Your Paycheck?
President, Congress have just a few days to avert automatic tax increases and spending cuts.
On Thursday, Starbucks baristas from stores across the Washington, D.C. area wrote "come together" on all cups to encourage Congress and the President to come together to fix the fiscal cliff issue. For more information about this initiative and other ways to urge a fix, go to www.patch.com/fixthedebt. Congress and President Obama are racing against the clock this week as they make one last attempt to hammer out a deal to avoid the so-called “fiscal cliff” the U.S. government is set to go over on New Year’s Day. Without a compromise deal to lower the deficit, the government will face a self-imposed deadline that triggers both spending cuts and higher taxes. Congress itself set the Jan. 1 deadline after failing to come to a budget …
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