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Fiscal Cliff

Wednesday, January 2, 2013

Rep. Moran: Fiscal Cliff Bill 'Wholly Inadequate'

Democratic Rep. Jim Moran says the new tax-cut legislation puts Northern Virginia on the chopping block.

Although feuding lawmakers on Capitol Hill finally reached a deal Tuesday night preventing the nation from diving off the now world-famous “fiscal cliff,” Northern Virginia Democratic Rep. Jim Moran is not happy with the new legislation. Moran, who represents Virginia’s 8th District, called the bill “hastily crafted,” “wholly inadequate” and said the measure puts Northern Virginia “on the chopping block.” Moran said the bill leaves the country with three more fiscal cliffs to negotiate over the next three months. “Each of these deadlines represents a major political battle in which nearly 40 percent of Northern Virginia's economy in terms of federal contracts and federal employees will be on the chopping block," he said. "Our leverage to …

Wednesday, December 26, 2012

Fiscal Cliff Looms as Congress Gets Back to Work

President, Congress have just a few days to avert automatic tax increases and spending cuts.

Thursday, Starbucks baristas from stores across the area will write "come together" on all cups to encourage Congress and the President to come together to fix the fiscal cliff issue. A list of participating Starbucks in Alexandria is at the bottom of this article. For more information about this initiative, go to www.patch.com/fixthedebt. Congress and President Obama are racing against the clock this week as they make one last attempt to hammer out a deal to avoid the so-called “fiscal cliff” the U.S. government is set to go over on New Year’s Day. Without a compromise deal to lower the deficit, the government will face a self-imposed deadline that triggers both spending cuts and higher taxes. Congress itself set the Jan. 1 deadline after…

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