Obama speaks on “Fiscal Cliff” talks four days before deadline - KAIT Jonesboro, AR - Region 8 News, weather, sports

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

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.

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • Senate approves Big River Steel second phase bill

    Senate approves Big River Steel second phase bill

    Wednesday, March 29 2017 5:12 PM EDT2017-03-29 21:12:34 GMT
    Wednesday, March 29 2017 9:16 PM EDT2017-03-30 01:16:06 GMT
    Big River Steel grand opening (Source: KAIT)Big River Steel grand opening (Source: KAIT)

    A bill that was approved by the Arkansas State Senate Wednesday will allow Mississippi County to compete for a $900 million economic development project that supporters say will make the county the "21st Century version of Pittsburgh."

    A bill that was approved by the Arkansas State Senate Wednesday will allow Mississippi County to compete for a $900 million economic development project that supporters say will make the county the "21st Century version of Pittsburgh."

  • Mother turns to non-profit to help child

    Mother turns to non-profit to help child

    Wednesday, March 29 2017 8:33 PM EDT2017-03-30 00:33:13 GMT
    Wednesday, March 29 2017 9:11 PM EDT2017-03-30 01:11:02 GMT
    (Source: KAIT)(Source: KAIT)

    A mother in Jonesboro turned to a non-profit organization in town with the hope of leading her son on the right path.

    A mother in Jonesboro turned to a non-profit organization in town with the hope of leading her son on the right path.

  • City warns of phone scam

    City warns of phone scam

    Wednesday, March 29 2017 7:08 PM EDT2017-03-29 23:08:52 GMT
    Wednesday, March 29 2017 9:08 PM EDT2017-03-30 01:08:23 GMT
    (Source: Raycom Media)(Source: Raycom Media)

    Officials in Lawrence County are asking people to be careful about a possible scam attempt involving a tourism group. 

    Officials in Lawrence County are asking people to be careful about a possible scam attempt involving a tourism group. 

Powered by Frankly