Milwaukee
N/A
Overcast
51.0 °
Waukesha
N/A
Mostly Cloudy
48.0 °
Kenosha
N/A
Mostly Cloudy
50.0 °
Racine
N/A
Overcast
53.0 °
West Bend
N/A
Overcast
52.0 °
Sheboygan
N/A
Overcast
50.0 °
Watertown
N/A
Overcast
53.0 °
Fond du Lac
N/A
Overcast
53.0 °
Over the fiscal cliff: Soft or hard landing?
WASHINGTON (AP) -- Efforts to save the nation from going over a year-end "fiscal cliff" were still in disarray as lawmakers returned to the Capitol to confront the tax-and-spend crisis.
A tone-setting quotation was Democratic Sen. Harry Reid's assertion that the House under Republican Speaker John Boehner had been "operating with a dictatorship." President Barack Obama flew back to Washington from Hawaii after telephoning congressional leaders from his Christmas vacation perch. Once back, he set up a meeting with leaders of both parties at the White House late Friday to make a fresh attempt to find a solution before Monday night's deadline. A look at why it's so hard for Republicans and Democrats to compromise on urgent matters of taxes and spending, and what happens if they fail to meet their deadline: |
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