PLEDGE NOW
The Fiscal Cliff

With Bob Oakes in for Tom Ashbrook

We’ll get the latest on the fast-approaching fiscal cliff.

Red lights illuminate Pennsylvania Avenue as the U.S. Capitol glows in the twilight, in Washington, Wednesday, Dec. 19, 2012, as talks continue on the looming fiscal cliff. (AP)

Red lights illuminate Pennsylvania Avenue as the U.S. Capitol glows in the twilight, in Washington, Wednesday, Dec. 19, 2012, as talks continue on the looming fiscal cliff. (AP)

Forget the bottles of bubbly and champagne toasts; Washington isn’t in a party mood this New Year’s Eve.

When the clock strikes midnight, the country could plunge over the fiscal cliff. Extended unemployment benefits cut. Payroll taxes up. Markets on edge. And more pain to come.

So, what’s it going to take to make a deal? Is this really how the New Year will start?

It’s down to the wire with fingers crossed, tempers high, and the outcome anyone’s guess.

-Karen  Shiffman

Guests

Margaret Talev, White House correspondent for Bloomberg News.

Chuck Babington, covers Congress for the Associated Press.

Alice Rivlin, senior Fellow in Economic Studies at the Brookings Institution.

From The Reading List

New York Times “Senate leaders and their aides began searching on Saturday for a formula to extend tax cuts for most Americans that could win bipartisan support in the Senate and final approval in the divided House by the new year, hoping to prevent large tax increases and budget cuts that could threaten the fragile economy.”

Politico “Tennessee Sens. Bob Corker and Lamar Alexander pitched a plan on Friday to cut federal spending by $1 trillion — much of it from Medicare — in exchange for increasing the nation’s borrowing limit by that amount. The plan would raise the Medicare eligibly age to 67 and require wealthier Medicare users to pay higher premiums. Treasury Secretary Tim Geithner has estimated extraordinary measures can push the necessity of Congress addressing the debt ceiling until perhaps February.”

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Sep 2, 2015
Democratic presidential candidate, former Maryland Gov. Martin O'Malley addresses the summer meeting of the Democratic National Committee, Friday, Aug. 28, 2015, in Minneapolis. (Jim Mone/AP)

We talk to Martin O’Malley, former Maryland governor and now Democratic candidate for the presidency. He’s been tough on Trump – and on his fellow Democrats.

Sep 2, 2015
Actor Wagner Moura as Pablo Escobar, in the Netflix Original Series "Narcos." (Daniel Daza/Netflix via AP)

A new Netflix series “Narcos” takes on the story of the rise of the “King of Cocaine” — Pablo Escobar. We’ll look at drug trafficking then and now.

RECENT
SHOWS
Sep 1, 2015
Oliver Sacks (Elena Seibert)

Oliver Sacks, celebrated neurologist and best-selling author, has died at 82. We’ll listen back to our remarkable 2013 interview with Oliver Sacks on life and aging.

 
Sep 1, 2015
Denali is seen from a window on Air Force One during descent into Anchorage, Alaska on Aug. 31, 2015. (Pete Souza/White House)

The scramble for the Arctic. President Obama’s in Alaska. We’ll look at the stakes.

On Point Blog
On Point Blog
Our Week In The Web: August 28, 2015
Friday, Aug 28, 2015

You say #hashtag, we say, #forwhat? That, plus Usain Bolt and the ominous lurking Segway cameraman. Friday!

More »
Comment
 
Our Week In The Web: August 21, 2015
Friday, Aug 21, 2015

Do you even click? (And other reflections on link sharing and web commenting).

More »
6 Comments
 
Do You Recognize Amazon’s Workplace Culture? Tell Us!
Tuesday, Aug 18, 2015

Do you recognize the workplace conditions described in a recent New York Times piece on Amazon? We want to hear from you!

More »
5 Comments