November 28th, 2012
07:50 AM ET

Wednesday's live events

The talk in Washington is all about the "fiscal cliff" and what the president and Congress need to do to avoid it.  Watch Live for continuing coverage of the fiscal cliff debate.

Today's programming highlights...

11:00 am ET - Amtrak reorganization hearing - What does the future hold for America's national rail service?  Amtrak officials will testify before the House Transportation Committee.

11:35 am ET - Obama pushes for tax cuts - If a deal is reached to avert the fiscal cliff, what will be included in such an agreement?  President Obama will encourage Congress not to get rid of middle class tax cuts in a White House event.

12:30 pm ET - White House briefing - The fiscal cliff crisis, as well as the situations in Egypt and Gaza, will likely dominate Press Secretary Jay Carney's daily briefing.

1:30 pm ET - Military families honored at White House - First lady Michelle Obama welcomes military families for a tour of the White House. Live is your home for breaking news as it happens.


Filed under: Economy • Finance • On today • Politics • Taxes
soundoff (40 Responses)
  1. Joey Isotta-Fraschini ©™

    Re my 8:38 AM comment:
    I am delighted that President Obama did not receive the implied campaign endorsement of the Rev. Billy Graham, as former Governor Mitt Romney did.

    November 28, 2012 at 8:55 am | Report abuse |
  2. the 1 prophet

    This Government has greated a debt that is not longer sustainable by its people whom bare the burden, and is well beyond the ability to function and Govern properly. Combined entitlements programs and Government compulsive overspending in defense subsidized by heavy taxation has also rendered the pupultation to become poor unhealthy and struggling with paying basic living bills. The US is banrupt and so are the people, this system will collapse in time.

    November 28, 2012 at 9:23 am | Report abuse |
  3. saywhat

    Good morning @JI-F
    Are we closing in on the 'Cliff'? I sure hope so or we would see tax increases and deep cuts in spending which most certainly would send us down the recession pit.
    We came to this point because no agreement was reached for deficit reduction in the past two years, thanks mainly to GOP tactics.
    President Obama does seem to be sticking to his old pledge, let us see how it goes.

    November 28, 2012 at 12:35 pm | Report abuse |
  4. Jeff Frank (R-Ohio) "Right Wing Insanity"

    Tomorrow is like yesterday. There is no cliff. The repo man is comming for America, and America wants to spend 2 billion dollars a day, and doesn't want to flip the bill, cause thier bankrupt. And there is no bankruptcy court in the U.S., that can file Chapter 11 or 13 for the LARGEST corporation in America, the United States Government.

    November 28, 2012 at 12:47 pm | Report abuse |
  5. s kel

    Hey JIF. No political statments this time. Just a friend saying hello.

    November 28, 2012 at 12:48 pm | Report abuse |
  6. zmartinez

    It seems that when the Bush Tax Cuts expire, the Obama Fiscal Cliff will take us over...

    November 28, 2012 at 12:52 pm | Report abuse |
  7. Jeff Frank (R-Ohio) "Right Wing Insanity"

    I'm just a lowly blue collar republican. My ONLY purpose in life is make PAY BILLS, TAXES, then DIE! That's it.

    November 28, 2012 at 12:53 pm | Report abuse |
  8. Jeff Frank (R-Ohio) "Right Wing Insanity"

    I'm just a lowly blue collar republican. My ONLY purpose in life is to PAY BILLS, TAXES, then DIE! That's it.

    November 28, 2012 at 12:53 pm | Report abuse |
  9. Jeff Frank (R-Ohio) "Right Wing Insanity"

    O.K. s kel, the floor is YOURS pal. I have to go.

    November 28, 2012 at 12:55 pm | Report abuse |
  10. s kel

    Jeff Frank, 1st of all as a democrat.....Happy (belated ) Thanksgiving! I heartfeltly (if thats a word lol) wished you and your family had a very good one and I hope your family is doing much better. Take care.

    November 28, 2012 at 1:08 pm | Report abuse |
  11. Jeff Frank (R-Ohio) "Right Wing Insanity"

    A late Happy Thanksgiving to you also s kel AND an early Merry Chistmas and Happy Hanukah to you. I would of thrown in New Years free of charge, but I'm very sure we'll lock horns before that. Lol.

    November 28, 2012 at 1:21 pm | Report abuse |
  12. chrissy

    Ahhh finally! Nice to see you two doing some male bonding. I told ya JF was one of the good guys s kel lmao! And even funny occasionally.

    November 28, 2012 at 1:34 pm | Report abuse |
  13. s kel

    Lol, a early Merry Chistmas and a happy Hanukah to you and your family too. My wife and I drove around DC last night we saw the Capital Christmas Tree ,but the one near the White House was not on yet, maybe the fiscal cliff started'?? Lol , Yes we will lock horns later on but remember I allways wish you and yours well.

    November 28, 2012 at 1:34 pm | Report abuse |
  14. chrissy

    As for the fiscal cliff, they could reach a different solution that would be bi-partisan acceptable and continue the Bush tax cuts if they wanted too. They could double the amt min for ALL taxpayers and increase it from 250k to 500k joint-400k single.

    November 28, 2012 at 1:43 pm | Report abuse |
  15. chrissy

    And change exemptions for business income which would create an incentive for hiring. Particularly special classes.

    November 28, 2012 at 1:46 pm | Report abuse |
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