Deadline passes for 'fiscal cliff'December 31, 2012 @ 9:03 pm
WASHINGTON (AP) - The "fiscal cliff" deadline has passed _ technically, at least.
The beginning of the New Year in theory means across-the-board tax increases and spending cuts kick in, but Congress is working to cancel them before they can have an impact.
The White House and congressional leaders hope to send legislation to President Barack Obama within a day or two, meaning consumers shouldn't notice any impact.
The goal of the legislation is not only to protect consumers' pocketbooks, but also to prevent the economy from the risk of another recession.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
This Is Reality
For Seattle's Jason and Molly Mesnick, life is a far cry from the glamour of the 'The Bachelor'
Taxi drivers are upset about unlicensed ride-sharing companies in Seattle like Lyft
DNA on Gatorade bottles helps bust Washington's biggest copper theft ever
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.