News / USA

    Obama, Congress to Continue Negotiations on 'Fiscal Cliff'

    VOA News
    U.S. President Barack Obama will resume negotiations with congressional leaders later this month to try to resolve crucial government financial issues before the end of the year.

    Obama is on a three-nation trip to Asia beginning Sunday in Bangkok. Aboard the president's plane Saturday, White House spokesman Jay Carney told reporters Obama is expected to meet again with lawmakers during the week beginning November 26 for further discussions on resolving the looming debt crisis known as "the fiscal cliff."

    Obama returns to Washington from Thailand, Burma and Cambodia on Wednesday, a day before the U.S. Thanksgiving holiday, a time when many lawmakers would be unavailable or away from the capital, spending time with their families in their home districts.

    President Obama and four congressional leaders started negotiations on the debt issue on Friday. Both sides described their talks at the White House as constructive, but Saturday's announcement by the president's spokesman was the first indication when the meetings might resume.

    By January 1, the U.S. government must enact sharp spending cuts and tax increases that together would produce about $600 billion, unless Congress and the White House can reach an agreement before then on how to reduce the multitrillion-dollar U.S. debt. The term "fiscal cliff" symbolizes the financial precipice that looms at the start of the new year.

    Should the two major political parties be unable to resolve the financial impasse in time, experts believe there would be serious consequences for the national economy and government services to the public: spending restrictions would force sharp cutbacks in many key defense and domestic programs, and all American wage-earners would face an immediate large increase in income taxes beginning in January.

    In his weekly address to the nation Saturday, Obama urged Congress to pass a law preventing the January 1 automatic tax hike.  Obama said the middle class should not be held "hostage" while Congress debates tax cuts for people making more than $250,000 a year.



    In the Republican address, Senator Kelly Ayotte said eliminating wasteful spending should be a first option instead of raising taxes, because that would be less harmful to the economy, especially for small businesses and people looking for work.



    Speaking in Singapore Saturday as part of a tour of Asia and Australia, Secretary of State Hillary Clinton sought to ease Asian worries about the "fiscal cliff."

    Clinton said the full faith and credit of the United States should "never be in question." Although she hears concerns about the global implications of America's economic choices, Clinton said the world must remember that, despite political differences, U.S. national leaders are united in their commitment to safeguard America's position in the world and bolster national security. Reaching a meaningful budget deal, she added, is critical to both those goals.

    Singapore was the first Asian stop on Clinton's tour. She will join President Obama on his stops in Thailand, Burma and Cambodia.

    You May Like

    Native Americans Ask: What About Our Water Supply?

    They say they have been facing a dangerous water contaminant for decades - uranium – but the problem has received far less attention than water contamination by lead in Flint, Michigan

    Pakistan's President Urges Nation Not to Celebrate Valentine's Day

    Mamnoon Hussain criticizes Valentine's Day, which falls on Sunday this year, as a Western import that threatens to undermine the Islamic values of Pakistan

    Mother of IS Supporter: Son Was Peaceful, 'Role Model'

    Somali-American Abdirizak Mohamed Warsame pleaded guilty Thursday to charges of conspiring to provide material support to Islamic State militants

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    Two-thirds of World Faces Water Shortagei
    X
    February 12, 2016 7:31 PM
    Four billion people — or two out of every three on the planet — do not have enough water to meet their basic needs. That is far greater than previously thought, according to a new study that presents a more accurate picture of the problem. As VOA's Rosanne Skirble reports, the findings will help policymakers and the public craft solutions to address the threat.
    Video

    Video Two-thirds of World Faces Water Shortage

    Four billion people — or two out of every three on the planet — do not have enough water to meet their basic needs. That is far greater than previously thought, according to a new study that presents a more accurate picture of the problem. As VOA's Rosanne Skirble reports, the findings will help policymakers and the public craft solutions to address the threat.
    Video

    Video Gateway to Mecca: Historical Old Jeddah

    Local leader Sami Nawar's family has been in the Old City of Jeddah for hundreds of years and takes us on a tour of this ancient route to Mecca, also believed to be the final resting place of Adam's wife, Eve.
    Video

    Video New Technology Aims to Bring Election Transparency to Uganda

    A team of recent graduates from Uganda’s Makerere University has created a mobile application designed to help monitor elections and expose possible rigging. The developers say the app, called E-Poll, will make Uganda's democratic process fairer. From Kampala, VOA's Serginho Roosblad reports.
    Video

    Video As Refugees Perish, Greek Graveyards Fill

    Aid workers on the Greek island of Lesbos say they are struggling to bury the increasing number of bodies of refugees that have been recovered or washed up ashore in recent months.  The graveyards are all full, they say, yet as tens of thousands of people clamor to get out of Syria, it is clear refugees will still be coming in record numbers. For VOA, Hamada Elrasam reports from Lesbos, Greece.
    Video

    Video Russia Bristles at NATO Expansion in E. Europe

    Russian Foreign Minister Sergei Lavrov is meeting Friday with the head of NATO after the Western military alliance and the United States announced plans for the biggest military build-up in Europe since the Cold War. Russia has called NATO's moves a threat to stability in Europe. But NATO says the troop rotations and equipment are aimed at reassuring allies concerned about Russia as VOA's Daniel Schearf reports from Moscow.
    Video

    Video To Fight Zika, Scientists Target Mosquitoes

    Mosquitoes strike again. The Zika virus outbreak is just the latest headline-grabbing epidemic carried by these biting pests, but researchers are fighting back with new ways to control them. VOA's Steve Baragona takes a look.
    Video

    Video Mosul Refugees Talk About Life Under IS

    A top U.S. intelligence official told Congress this week that a planned Iraqi-led operation to re-take the city of Mosul from Islamic State militants is unlikely to take place this year. IS took over the city in June 2014, and for the past year and a half, Mosul residents have been held captive under its rule. VOA's Zana Omar talked to some families who managed to escape. Bronwyn Benito narrates his report.
    Video

    Video Scientists Make Progress Toward Better Diabetes Treatment, Cure

    Scientists at two of the top U.S. universities say they have made significant advances in their quest to find a more efficient treatment for diabetes and eventually a cure. According to the International Diabetes Federation, the disease affects more than 370 million people worldwide. VOA’s George Putic reports.
    Video

    Video NATO to Target Migrant Smugglers

    NATO has announced plans to send warships to the Aegean Sea to target migrant smugglers in the alliance's most direct intervention so far since a wave of people began trying to reach European shores.
    Video

    Video Russia's Catholics, Orthodox Hopeful on Historic Pope-Patriarch Meeting

    Russia's Catholic minority has welcomed an historic first meeting Friday in Cuba between the Pope and the Patriarch of Russia's dominant Orthodox Church. The Orthodox Church split with Rome in 1054 and analysts say politics, both church and state, have been driving the relationship in the centuries since. VOA's Daniel Schearf reports from Moscow.
    Video

    Video Used Books Get a New Life on the Streets of Lagos

    Used booksellers are importing books from abroad and selling them on the streets of Africa's largest city. What‘s popular with readers may surprise you. Chris Stein reports from Lagos.
    Video

    Video After NH Primaries All Eyes on South Carolina

    After Tuesday's primary in New Hampshire, US presidential candidates swiftly turned to the next election coming up in South Carolina. The so-called “first-in-the-South” poll may help further narrow down the field of candidates. Zlatica Hoke reports.
    Video

    Video Smartphone Helps Grow Vegetables

    One day, you may be using your smartphone to grow your vegetables. A Taipei-based company has developed a farm cube — a small, enclosed ecosystem designed to grow plants indoors. The environment inside is automatically adjusted by the cube, but it can also be controlled through an app. VOA's Deborah Block has more on the gardening system.
    Video

    Video Exhibit Turns da Vinci’s Drawings Into Real Objects

    In addition to being a successful artist, Renaissance genius Leonardo da Vinci designed many practical machines, some of which are still in use today, although in different forms. But a number of his projects were never realized — until today. VOA’s George Putic reports.