FISCAL CLIFF STORIES
House Republicans feel stymied but not hopeless as they prepare to
return to Capitol Hill for possible last-minute action to avoid the
"fiscal cliff," Republican Rep. Scott DesJarlais said Thursday.
An old dispute has become the newest issue in the fiscal cliff debate: The debt ceiling.
Members of Congress will be home for Christmas - despite the nation's teetering on the "fiscal cliff."
he U.S. House was poised Thursday to pass two bills offered by House
Speaker John Boehner, R-Ohio, as an alternative to avoiding the year-end
"fiscal cliff," because he and President Obama have yet to find a final
agreement both parties can support.
The latest partisan battle in slow-moving negotiations to avoid the
end-of-year "fiscal cliff" hinges on the debt ceiling and whether
Congress should cede its role to the president in authorizing the U.S.
government to increase its borrowing limit.
Hamblen County Schools District Director of Schools, Dr. Dale Lynch, said they would lose $558,000 per year or 10% of their federal funding.