Congress gets back to work next week trying to keep the country from falling off the so-called fiscal cliff.
If there's no deal on a budget reduction plan by the end of the year, taxes will jump $2,000-$3,000 a year for most families and 12,000 government programs will be slashed.
Sen. Patrick Leahy says real work on the spending plan can happen now that the election is over. He says a real bipartisan effort is needed.
"Nonpartisan groups who have really studied this say it could knock us back into a much worse recession. Here we're coming out of the recession. We're showing improvements. And it would knock us right back and could be a recession that would have worldwide implications. So, it's not a case of what if we don't. I think we have to," said Leahy, D-Vermont.
President Barack Obama campaigned on a pledge to raise taxes for those higher income earners. House Speaker John Boehner said this week he is open to raising revenues, but not on couples and small businesses making more than $250,000 a year.
Tuesday, March 11 2014 11:49 AM EDT2014-03-11 15:49:17 GMT
A Plattsburgh woman faces charges for allegedly attacking someone with a knife. New York State Police were called to the Best Value Inn on Booth Drive Sunday night for a report of a domestic dispute. InvestigatorsMore >>
A Plattsburgh woman faces charges for allegedly attacking someone with a knife.More >>
Tuesday, March 11 2014 10:14 AM EDT2014-03-11 14:14:46 GMT
A Winooski man says he was held at knife point on Church Street in Burlington Monday afternoon as robbers took nearly 300 dollars from him. Police arrested 29-year-olds Andre Martel and Anthony HammondMore >>
A Winooski man says he was held at knife point on Church Street Monday afternoon as robbers took nearly $300 from him.More >>
Tuesday, March 11 2014 10:01 AM EDT2014-03-11 14:01:29 GMT
A South Londonderry man captured at the end of a high-speed chase now faces up to life in prison. Police say Christopher Bush topped speeds of 100-miles-per-hour in a stolen SUV. The 27 year old pleadedMore >>
A South Londonderry man captured at the end of a high-speed chase now faces up to life in prison.More >>
Tuesday, March 11 2014 11:58 AM EDT2014-03-11 15:58:56 GMT
Vermont State Police dive teams will search Otter Creek Tuesday for a missing Proctor woman. Maryann Foster, 59, went missing the week of Feb. 24 and there has been no luck finding her yet. Police sayMore >>
Vermont State Police dive teams will search Otter Creek Tuesday for a missing Proctor woman.More >>
Tuesday, March 11 2014 12:23 PM EDT2014-03-11 16:23:59 GMT
A group of senators spent an all-nighter on Capitol Hill talking about climate change. Twenty-six Democrats and two independents, including Vermont Senator Bernie Sanders, held a fact-gathering hearingMore >>
A group of senators spent an all-nighter on Capitol Hill talking about climate change.More >>