Obama speaks on “Fiscal Cliff” talks four days before deadline - KAIT-Jonesboro, AR-News, weather, sports

Obama speaks on “Fiscal Cliff” talks four days before deadline

Posted:
  • Most Popular StoriesMost Popular Stories

  • Friday, May 24 2013 9:27 PM EDT2013-05-25 01:27:45 GMT
    MADISON, Wis. (AP) - A man who wears thong underwear and a cape while riding his scooter through Wisconsin's capital city may be a strange sight.
    A man who wears thong underwear and a cape while riding his scooter through Wisconsin's capital city may be a strange sight.
  • Dan Sligh and his wife were in their pickup truck on Interstate 5 heading to a camping trip when a bridge before them disappeared in a "big puff of dust."
    The trucker was hauling drilling equipment when his load bumped against the steel framework over an Interstate 5 bridge. He looked in his rearview mirror and watched in horror as the span collapsed into the water behind him....
  • Friday, May 24 2013 10:26 PM EDT2013-05-25 02:26:51 GMT
    WALDENBURG, AR (KAIT) - A small Poinsett County town is coming together to help a man who was injured at a local business. Wednesday, a tire ruptured in David Newsom's face while on the job. Now his coworkers,
    Wednesday, a tire ruptured in David Newsom's face while on the job. Now his coworkers, along with members of the community are coming together to help him out.

President Barack Obama wrapped up a press conference this afternoon discussing the details of fiscal cliff negotiations just four days before the deadline on January 1.

Obama said during the speech, "the hour for immediate action is here. It is now." The President also says the most recent talks with congressional leaders were "good and constructive."

A pressing point was that without a deal from lawmakers, Obama will demand a vote on his own plan on the Senate floor. Senate Majority Leader Harry Reid and Republican Mitch McConnell say they are looking to Sunday to have a plan ready, just two days before the cliff.

The fiscal cliff is an automatic end to a series of Bush-era tax cuts and also involves deep budget cuts across the board.

Copyright 2012 KAIT. All rights reserved.