An impasse in Washington, D.C., as the country moves closer to the fiscal cliff. The cliff refers to tax increases and spending cuts scheduled to go into effect Jan. 1.
The White House is pushing Congress to renew middle class tax cuts, but President Obama says he won't take any deal that also extends cuts for the wealthiest Americans.
Republicans, on the other hand, want tax breaks for all Americans, to close tax loopholes and cut nearly $1.5 trillion in spending.
With 25 days to go, there's no deal in sight. So if we go over the cliff, what will that mean for you? Rick Wolfish is a CPA with Gallagher, Flynn and Company. He appeared on the Channel 3 News at 6 p.m. to help us understand. Watch the video for more.
Sunday, December 8 2013 5:16 PM EST2013-12-08 22:16:48 GMT
"St. Johnsbury has enough to offer that you don't get too bored," says resident Riley Barter. She has a new appreciation for the place she calls home. "I guess I never realized how unique St. JohnsburyMore >>
Hundreds of St. Johnsbury Academy seniors take risks with their Capstone projects.More >>
Sunday, December 8 2013 2:00 PM EST2013-12-08 19:00:23 GMT
A Connecticut man is charged with DUI after police say he admitted to overdosing on prescribed Ritalin when he was pulled over. The incident happened on Route 105 in Berkshire late Friday afternoon. AuthoritiesMore >>
A Connecticut man is charged with DUI after police say he admitted to overdosing on prescribed Ritalin when he was pulled over.More >>
Sunday, December 8 2013 1:42 PM EST2013-12-08 18:42:20 GMT
Police in New Hampshire are investigating an accident on Interstate 89 that claimed two lives. It happened on the northbound lane between Exit#18 and Exit#19 in Lebanon. The initial investigation revealedMore >>
It happened on the northbound lane between Exit#18 and Exit#19 in Lebanon, N.H. Saturday.More >>
Sunday, December 8 2013 1:30 PM EST2013-12-08 18:30:52 GMT
Police say a couple tried to use a baby to smuggle drugs into jail. Police say the baby arrived the Chittenden Regional Correctional Facility, with 27-year-old David Willette of Bennington, for a scheduledMore >>
Police say a couple tried to use a baby to smuggle drugs into jail.More >>
Sunday, December 8 2013 1:25 PM EST2013-12-08 18:25:45 GMT
A 28-year-old Coventry man is dead after a crash Saturday night in Irasburg. Police say at about 8:40 p.m. Gerald Begin rolled his car on Route 5 and was thrown out of the vehicle. He was taken toMore >>
A 28-year-old Coventry man is dead after a crash Saturday night in Irasburg.More >>