RIGHT NOW: Fiscal Talks Underway In Washington D.C. - Spokane, North Idaho News & Weather KHQ.com

RIGHT NOW: Fiscal Talks Underway In Washington D.C.

Posted: Updated:

WASHINGTON (AP) - President Obama is appealing to key lawmakers to compromise and cooperate on the "urgent business" of avoiding the so-called fiscal cliff.
    
He spoke as he convened congressional leaders Friday at the White House for an opening round of deficit talks -- their first meeting since the election.
    
Obama has insisted any deal involve higher taxes on the top 2 percent of income earners. Republicans leaders are vowing to resist rate hikes as job-killers, though they've signaled they're open to added revenue through curbs on deductions and credits.
    
The combination of tax hikes and automatic spending cuts will hit New Year's Day unless lawmakers and Obama act. Top economists have warned the nation could be plunged back into recession if they don't.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • Rollover crash sends three to hospitals

    Rollover crash sends three to hospitals

    Sunday, August 31 2014 2:04 PM EDT2014-08-31 18:04:16 GMT
    NEWPORT, Wash. - A rollover crash near Newport sent three people to hospitals Saturday night.The Washington State Patrol said the crash happened at 8:49 p.m. 10 miles west of Newport on State Route 211, near Sacheen Lake. The driver in the crash, 19-year-old Quinton C. Williams, is facing charges for driving under the influence.>>
    NEWPORT, Wash. - A rollover crash near Newport sent three people to hospitals Saturday night.The Washington State Patrol said the crash happened at 8:49 p.m. 10 miles west of Newport on State Route 211, near Sacheen Lake. The driver in the crash, 19-year-old Quinton C. Williams, is facing charges for driving under the influence.>>
  • PHOTOS: Hobo Spider season has arrived

    PHOTOS: Hobo Spider season has arrived

    Friday, August 29 2014 5:37 PM EDT2014-08-29 21:37:17 GMT
    KHQ.COM - Mid August is about the time that we start to see spiders come into our homes, particularly the hobo spider. August and September is mating season for the hobo and that means you may be seeing more funnel-like webs in and around your home. Males are on a mission to find a female which is why they are a lot more active at this time.>>
    KHQ.COM - Mid August is about the time that we start to see spiders come into our homes, particularly the hobo spider. August and September is mating season for the hobo and that means you may be seeing more funnel-like webs in and around your home. Males are on a mission to find a female which is why they are a lot more active at this time.
    >>
  • UPDATE: I-90 back open after crash halts traffic

    UPDATE: I-90 back open after crash halts traffic

    Sunday, August 31 2014 10:45 AM EDT2014-08-31 14:45:23 GMT
    SPOKANE, Wash. - A crash on Interstate 90 in downtown Spokane delayed commuters for hours Saturday afternoon. The crash happened at about 5:15 p.m. near the Division street exit. A truck pulling a trailer flipped onto its side, scattering debris across the westbound lanes of the freeway. Two lanes of westbound traffic were blocked for more than 2 hours.>>
    SPOKANE, Wash. - A crash on Interstate 90 in downtown Spokane delayed commuters for hours Saturday afternoon. The crash happened at about 5:15 p.m. near the Division street exit. A truck pulling a trailer flipped onto its side, scattering debris across the westbound lanes of the freeway. Two lanes of westbound traffic were blocked for more than 2 hours.>>