Tagged: Fiscal Cliff

The Kansas City region has been recovering from the recession at a slightly faster clip than many other places across the country.

Missouri Senator Claire McCaskill, a Democrat, says that falling over the so-called fiscal cliff, the deep program cuts, and big tax increases set to hit January 1st wouldn’t be as dramatic as some people imagine.

(Scroll down for updates.)

Well, here we are. It's New Year's Eve and with just hours to go before the end of the year and the arrival of the so-called fiscal cliff, Democrats and Republicans in Washington are still trying to strike a deal that heads off automatic increases in taxes, automatic deep spending cuts in a variety of programs and the automatic expiration of some jobless benefits.

President Obama went on the air to levy pressure on Congress Sunday as Senate leaders worked to negotiate a deal to avert the tax hikes and spending cuts known as the "fiscal cliff."

"I was modestly optimistic yesterday, but we don't yet see an agreement," Obama said in an interview with NBC's Meet the Press taped on Saturday. "Now the pressure's on Congress to produce."

Yes, President Obama and congressional leaders are scheduled to meet at 3 p.m. ET to discuss how to avoid going over the so-called fiscal cliff of automatic tax increases and spending cuts.

But, no, that isn't inspiring much talk this morning of a breakthrough before the midnight New Year's Eve deadline: