Fiscal Cliff Looming - Spokane, North Idaho News & Weather KHQ.com

UPDATE: Obama Says Immediate Action Is Needed On Fiscal Cliff

Posted: Updated:

WASHINGTON (AP) - President Barack Obama says "the hour for immediate action is here" on a deal to avert the fiscal cliff.
    
The president says he remains "optimistic" that an agreement can be reached in Congress before a looming year-end deadline to avoid tax increases and spending cuts.
    
If Congress can't reach a deal, the president says Congress should allow a vote on a basic package that would preserve tax cuts for middle-class Americans while extending unemployment benefits for the long-term jobless and working toward a foundation for a broader deal.
    
The president says an hour long meeting Friday with congressional leaders was "good and constructive."
    
Senate leaders say they hope to reach a compromise that could be presented to lawmakers by Sunday, little more than 24 hours before the deadline.

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 This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • BEAUTIFUL HOMES: Top 10 Most Expensive Homes For Sale In CDA

    BEAUTIFUL HOMES: Top 10 Most Expensive Homes For Sale In CDA

    Tuesday, March 25 2014 9:20 AM EDT2014-03-25 13:20:34 GMT
    KHQ.COM - When it comes to shopping around for a house, it's always fun to dream. We did a search for some of the most expensive homes for sale right now in the Coeur d' Alene area.>>
    KHQ.COM - When it comes to shopping around for a house, it's always fun to dream. We did a search for some of the most expensive homes for sale right now in the Coeur d' Alene area.>>
  • LOOKING FOR A HOME? 10 Homes For Sale In Spokane For $125,000

    LOOKING FOR A HOME? 10 Homes For Sale In Spokane For $125,000

    Thursday, April 17 2014 5:56 PM EDT2014-04-17 21:56:12 GMT
    SPOKANE, Wash. - Spring is a popular time to purchase and sell a home. Here are 10 homes for sale in Spokane for $125,000. These homes were found on www.WindermereSpokane.com. If you would like more information on any of these homes or would like to schedule a tour, contact your real estate agent with the correct MLS number.>>
    SPOKANE, Wash. - Spring is a popular time to purchase and sell a home. Here are 10 homes for sale in Spokane for $125,000. These homes were found on www.WindermereSpokane.com. If you would like more information on any of these homes or would like to schedule a tour, contact your real estate agent with the correct MLS number.>>
  • Family's Car Catches Fire Inside Lion Enclosure

    Family's Car Catches Fire Inside Lion Enclosure

    Sunday, April 20 2014 2:57 PM EDT2014-04-20 18:57:30 GMT
    (NBC)- A British family was forced to flee their car inside a lion enclosure, after the vehicle caught fire. Other visitors shot amateur footage of the car on fire. Helen Clements, who was in the car with her two children, said they were caught between wanting to escape the burning car while evading the lions.>>
    (NBC)- A British family was forced to flee their car inside a lion enclosure, after the vehicle caught fire. Other visitors shot amateur footage of the car on fire. Helen Clements, who was in the car with her two children, said they were caught between wanting to escape the burning car while evading the lions.
    >>