YOUR FRIENDS' ACTIVITY

    Obama presses Congress to avert fiscal cliff

    Obama presses call for Congress to take action to avert fiscal cliff

    WASHINGTON (AP) -- President Barack Obama is urging Congress anew to approve legislation that ensures taxes don't go up on 98 percent of all Americans, families earning less than $250,000 a year.

    Obama again used his weekly radio and Internet address Saturday to urge action to avert the so-called fiscal cliff, which would raise taxes on all Americans and cut spending across the board starting Jan. 1.

    Obama says he had a constructive meeting with congressional leaders Friday as officials look for ways to reduce the federal deficit and strengthen the economy.

    New Hampshire Sen. Kelly Ayotte says in the Republican response that failure to act on the fiscal cliff is not an option. She says any effort to address the crisis without reforming entitlements such as Social Security "can't be taken seriously."

    ___

    Online

    Obama address: http://www.whitehouse.gov

    Republican address: http://www.youtube.com/gopweeklyaddress

    TurboTax Header

    RATES

    Stay in touch with Yahoo! Finance

      YAHOO! FINANCE ON TWITTER

    Subscribe

    [X]

    How to subscribe

    Roll over each section to subscribe using Add to My Yahoo! or RSS Feed feeds.

    Yahoo! News offers dozens of RSS feeds you can read in My Yahoo! or using third-party RSS news reader software. Click here to find out more about RSS and how you can use it with Yahoo! News.