National News Alert

'Fiscal cliff' talks begin

President Obama opened negotiations with congressional leaders at the White House Friday on ways to avert a looming "fiscal cliff" of huge spending cuts and tax hikes, saying that Americans want "action" from government leaders instead of political bickering.

"I think we're all aware that we have some urgent business to do," Obama said before beginning the talks. "We've got to make sure that taxes don't go up on middle-class families."

Read more at:
http://www.washingtonpost.com/business/economy/fiscal-cliff-negotiations-to-begin/2012/11/16/f2c04f12-2faa-11e2-9f50-0308e1e75445_story.html