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.
Friday, May 24 2013 6:13 AM EDT2013-05-24 10:13:09 GMT
Over the river and throught the woods isn't just the way to grandma's house, its the way a lot of people are having to travel just to make it to their front door. Dormant brooks and sleepy streams turnedMore >>
Strong rains Thursday flooded roads in Essex.More >>
Friday, May 24 2013 6:04 AM EDT2013-05-24 10:04:15 GMT
Four people behind bars this morning, charged with kidnapping and burglary. Brattleboro police say just before 1 p.m. Thursday, a group of people forced two women into a car at gunpoint. Police caughtMore >>
Four people behind bars this morning, charged with kidnapping and burglary.More >>
Friday, May 24 2013 6:00 AM EDT2013-05-24 10:00:21 GMT
A Massachusetts man is dead after an ATV crash in Concord. Police say just before 10 p.m. Thursday night, 42-year-old Frank Baker Junior was driving an ATV off of Leonard Hill Road when he lost controlMore >>
A Massachusetts man is dead after an ATV crash in Concord. More >>
Friday, May 24 2013 5:38 AM EDT2013-05-24 09:38:41 GMT
Vermont State Police say the following roads have been closed due to flooding:UNDERHILL: VERMONT ROUTE 15, CILLEYHILL POKER HILL ROAD NORTH UNDERHILL STATION ROAD PAIGE ROAD DAUDLIN ROAD BROWNS TRACE,More >>
Friday, May 24 2013 12:52 AM EDT2013-05-24 04:52:17 GMT
Many Vermont roads turned to rivers Thursday night. Flash flooding made it difficult to get around. Route 15 in Underhill became a dead end -- between Poker Hill Road and Cilley Hill Road. Gushing waterMore >>
Many Vermont roads turned to rivers Thursday night. Flash flooding made it difficult to get around.More >>
Thursday, May 23 2013 7:44 PM EDT2013-05-23 23:44:21 GMT
New developments in a WCAX News investigation into a land deal between Gov. Peter Shumlin and an East Montpelier man. Jeremy Dodge's kids say the governor took advantage of their dad and they now planMore >>
New developments in a WCAX News investigation into a land deal between Gov. Shumlin and an East Montpelier man. Jeremy Dodge's kids say the governor took advantage of their dad and they plan to fight the governor for the property.More >>
Thursday, May 23 2013 8:00 PM EDT2013-05-24 00:00:29 GMT
Steve Stitzel is a lawyer with three decades of tax sales experience. His firm represents towns from Bennington to Newport. He says in recent years towns have gotten tough on tax collections. "BudgetsMore >>
There are several steps before a home is sold in a tax sale. Once it is sold, homeowners still have a year to try to get back their property. And many do find a way to pay their back taxes and stay put.More >>