US Treasury Secretary Geithner Heads to Capitol Hill To Avert the So-Called “Fiscal Cliff” [VIDEO]

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Democratic and Republican leaders are back at work in Washington, DC. The nation’s deficit seems to be the big talk on Capitol Hill. Will there be a compromise on the nation’s budget? Treasury Secretary Tim Geithner heads to Capitol Hill today to negotiate a plan to avert the so-called “fiscal cliff.” A series are meetings are expected with leaders from both chambers. GOP House Speaker John Boehner says Democrats must get serious about the “spending crisis.” During a Capitol Hill news conference, Boehner said Republicans are willing to negotiate in good faith with the Democrats.

President Obama wants to extend tax cuts for the middle-class. He feels it’s the right thing to do.

“If Congress does nothing, every family in America will see their taxes automatically go up at the beginning of next year,” the President said. “A typical middle-class family of four would see its income taxes go up by $2,200. That’s $2,200 out of people’s pockets. That means less money for buying groceries, less money for filling prescriptions, less money for buying diapers. It means a tougher choice between paying the rent and paying tuition. And middle-class families just can’t afford that right now.”

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