PLEDGE NOW
The Cliff, And What’s Next

With Bob Oakes in for Tom Ashbrook

Hammering out a deal.  We’ve got the latest news and analysis from the fiscal cliff.

Sen. John Barrasso, left, R-Wyo., talks with Sen. Brian Schatz, D-Hawaii, who holds up his watch, near the Senate chambers after a vote on the fiscal cliff, on Capitol Hill Tuesday, Jan. 1, 2013 in Washington. (AP)

Sen. John Barrasso, left, R-Wyo., talks with Sen. Brian Schatz, D-Hawaii, who holds up his watch, near the Senate chambers after a vote on the fiscal cliff, on Capitol Hill Tuesday, Jan. 1, 2013 in Washington. (AP)

Move over Rose Bowl. Today’s big matchup is in the nation’s capital.

John Boehner and the Republicans take on Nancy Pelosi and the Democrats in the Fiscal Cliff bowl.  Late last night, the Senate scored a deal. For couples making less than $450,000 dollars a year, big sighs of relief on this first day of 2013.

But  it’s not a done deal. The ball’s now in the hands of the House.  It could get ugly. Is anyone bold enough to place a bet on how this one will play out?

This hour, On Point: Game on: The House readies to vote on the fiscal cliff deal.

-Karen Shiffman

Guests

Gail Chaddock, politics editor at the Christian Science Monitor.

John Harwood, chief Washington correspondent for CNBC and writer for the New York Times.

Lori Montgomery, covers economic policy for the Washington Post.

Jack Beatty, On Point news analyst.

From the Reading List

The Washington Post “The Senate approved a bipartisan agreement early Tuesday morning to let income taxes rise sharply for the first time in two decades, fulfilling President Obama’s promise to raise taxes on the rich and avoiding the worst effects of the “fiscal cliff.” The agreement, brokered by Vice President Biden and Senate Minority Leader Mitch McConnell (R-Ky.), passed 89 to 8 in a highly unusual New Year’s morning vote. It now heads to the House, where leaders have not guaranteed passage but top officials believe it could win passage in the next few days.”

NBC Politics “Although the Senate agreed at the last minute to avert broader tax increases, the very idea of a “deadline” has lost some of its meaning since each budget deal seems to be merely a prelude to another fixed date when some critically important action must be taken – next up: Congress will have to decide what to do about the “sequester” spending cuts which will come up again in February, as well as decide in March on whether to increase the federal borrowing limit.”

Politico “A rare bipartisan consensus is forming on Capitol Hill over the fiscal cliff deal: Nobody really likes it. Liberals are chafing at the thought of letting more wealthy earners escape higher rates. Conservatives are aghast at letting any tax hike take effect. Moderates in both parties say they can live with it but emphasize they’re not fans, either.”

 

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
May 26, 2016
This Jan. 26, 2016 file photo shows a "For Sale" sign hanging in front of an existing home in Atlanta.  Short of savings and burdened by debt, America's millennials are struggling to afford their first homes in the face of sharply higher prices in many of the most desirable cities. (AP Photo/John Bazemore, File)

No more ’empty nest’. A third of millennials now live at home with their parents. We’ll look at what’s still pushing that trend.

May 26, 2016
This March 16, 2015 photo shows portraits of now-retired U.S. Army Sgt. 1st Class Marshall Powell, right, and his wife, Arasi, at their home in Crescent, Okla. Powell suffers from a psychological wound called "moral injury" after serving as an Army nurse in Iraq and Afghanistan. Arasi, also a soldier who served in Iraq, had received treatment for PTSD. (AP Photo/Brennan Linsley)

In advance of Memorial Day, we’ll talk with Sebastian Junger about vets coming home and missing their “Tribe.” Plus, a WWII veteran remembers life on and off and the battlefield.

RECENT
SHOWS
May 25, 2016
Police gather in a cordoned off area where a possible murder suspect fired shots at officers surrounding a South Side home where he is barricaded Thursday, May 12, 2016, in Chicago. (AP Photo/M. Spencer Green)

Predictive policing. With violence on the rise, Chicago has turned to big data to predict gun and gang violence.

 
May 25, 2016
This April 29, 2014, file photo, shows an Exxon sign at a Exxon gas station in Carnegie, Pa. (AP Photo/Gene J. Puskar, File)

How will the oil giants do business in the climate change future? Shareholders at Exxon, Chevron and more want to hear their plans. So do we.

On Point Blog
On Point Blog
WWII Vet Larry Kirby Reflects On American Values
Thursday, May 26, 2016

Looking ahead to Memorial Day, a World War II veteran looks back at the relationships that mattered to him, both in and out of war.

More »
Comment
 
Gloria Steinem Explains Her ‘Bernie Boys’ Comment
Tuesday, May 24, 2016

Feminist activist Gloria Steinem explains why her apparent diss of female supporters of Sen. Bernie Sanders was anything but.

More »
Comment
 
‘Best Of’ 2016 Commencement Speeches
Monday, May 16, 2016

Excerpts from a few of the best commencement speeches delivered to the graduating class of 2016.

More »
Comment