Ark cong. delegation differs on chances of avoiding fiscal cliff - KATV - Breaking News, Weather and Razorback Sports

Members of Ark congressional delegation differ on chances of avoiding fiscal cliff

Posted: Updated:

LITTLE ROCK (Arkansas News Bureau) — As the U.S. House prepared to meet Sunday for a last-ditch effort to avoid the New Year's Eve "fiscal cliff," members of Arkansas' congressional delegation differed on the likelihood of a successful resolution to the current budget impasse.

In interviews Friday, U.S. Sen. Mark Pryor, D-Ark., said he was optimistic about the chances for a meaningful agreement, while U.S. Rep. Steve Womack, R-Rogers, said avoiding the fiscal cliff appeared unlikely. Others in the delegation fell somewhere in between.

If a budget agreement is not reached by midnight on New Year's Eve, a series of automatic tax increases and budget cuts will be triggered that, according to the Congressional Budget Office, could lead to a mild recession in the first half of 2013. Households would see an average federal tax increase of $3,446, and most federal departments would share in a $110 billion spending cut — including about a 9 percent to the military's budget.

Click here for more on this story from the Arkansas News Bureau.

  • PoliticalMore>>

  • Witness in ex-Va. gov trial: Gifts, but no affair

    Witness in ex-Va. gov trial: Gifts, but no affair

    Friday, August 1 2014 5:43 AM EDT2014-08-01 09:43:05 GMT
    The key witness in the corruption trial of Virginia's former governor and his wife said his association with the couple was fraught with bad decisions - but an affair with the first lady was not one of them.More >>
    The key witness in the corruption trial of Virginia's former governor and his wife said his association with the couple was fraught with bad decisions - but an affair with the first lady was not one of them.More >>
  • Lawmakers employ gimmicks to pay for highway funds

    Lawmakers employ gimmicks to pay for highway funds

    Friday, August 1 2014 4:51 AM EDT2014-08-01 08:51:59 GMT
    Congress is providing $11 billion to prevent a 28 percent reduction in federal highway and mass transit spending at the peak of the summer construction season. The Senate passed a House-written bill to augment...More >>
    Congress is providing $11 billion to prevent a 28 percent reduction in federal highway and mass transit spending at the peak of the summer construction season. The Senate passed a House-written bill to augment federal...More >>
  • USDA overhauls 50 year-old poultry inspections

    USDA overhauls 50 year-old poultry inspections

    Friday, August 1 2014 4:44 AM EDT2014-08-01 08:44:02 GMT
    The Obama administration is attempting to cut down on thousands of foodborne illnesses linked to chicken and turkey each year with an overhaul of poultry plant inspection rules that are more than 50 years old.More >>
    The Obama administration is moving to cut down on the thousands of foodborne illnesses linked to chicken and turkey each year with an overhaul of poultry plant inspection rules that are more than 50 years old.More >>