CBSNews: JUST IN: House Will Not Vote Tonight; Nation Will Go Over Fiscal Cliff at Midnight

[Hissyspit]

Source: CBS News / Raw Story

@CBSNews: JUST IN: House will not vote tonight; nation will go over fiscal cliff at midnight

@RyanRuggiero: Breaking: CNBC's Harwood: No Vote in the House Tonight -- U.S. Will Go Over the Fiscal Cliff

Update: No settlement on ‘fiscal cliff’ as House declines a vote

By Arturo Garcia
Monday, December 31, 2012 15:26 EST

The Washington Post reported that the House of Representatives will not hold any votes Monday night, ensuring that the country will enter what lawmakers from both major parties have called the “fiscal cliff.”

The House declined to take action citing a lack of action from the Republican-controlled Senate, the newspaper reported.

This contradicts both an earlier report by Politico via Twitter that Vice-President Joe Biden and Senate Majority Leader Mitch McConnell (R-KY) and Vice President Joe Biden had reached an agreement on Monday preventing the various tax increases and spending cuts they had hoped to avoid amid a public squabble.

NBC News had also reported that tax rates will increase for individuals making more than $400,000 a year, and on households making at least a combined $450,000 per year, citing “Republican sources.”


Read more: http://www.rawstory.com/rs/2012/12/31/report-biden-and-mcconnell-agree-to-settlement-preventing-fiscal-cliff

[NRaleighLiberal]

1. so this is the choice of New year snacks - open one at midnight!

may taste funny with champagne, though!

[cal04]

2. House unlikely to vote on any deal until after cliff deadline(update 4:03)

UPDATE 4:03 p.m. ET: The House of Representatives will wrap up Monday around 6:30 p.m. ET. After a House GOP Conference meeting at 5 p.m. ET they will have one vote series and then head out for the evening. This means the House will not vote Monday on any potential fiscal cliff deal.

http://politicalticker.blogs.cnn.com/2012/12/31/house-unlikely-to-vote-on-any-deal-until-after-cliff-deadline/

BREAKING NEWS: House aides say there will not be a vote on fiscal cliff package tonight

http://www.nbcnews.com/


BREAKING: House Won’t Vote On Fiscal Cliff Deal Tonight
A notice from the House Majority Whip's office indicates Republicans have no plans to hold a vote on any Senate-passed legislation to avoid the so-called fiscal cliff.

"There will be a Special GOP Conference Meeting at 5:00 p.m. in HC-5," according to the alert. "Immediately following Conference tonight, roughly 5:30-6:00 p.m. we will have our first and only vote series of the day on suspensions."

To translate, the House is only planning to vote on a handful of scheduled, non-controversial measures this evening. They plan to leave tonight whether or not the Senate passes a bill to avoid the expiration of the Bush tax cuts at midnight. That means that unless the GOP's plans change, then starting at midnight, the revenue baseline resets to a pre-Bush tax cut baseline, and any fiscal cliff legislation becomes a tax cut.

The consequences for the shape of any deal are potentially huge, but still unclear.

http://livewire.talkingpointsmemo.com/entry/breaking-house-wont-vote-on-fiscal-cliff-deal

[Harmony Blue]

3. The House is full of petulant children

not surprised....

[Yo_Mama_Been_Loggin]

4. Boehner's getting fitted for a prosthetic nose?

[denverbill]

5. And the stock market, in fear, goes UP 2%.

[bucolic_frolic]

13. ain't it the truth

no matter what, the market goes up. They love that bernanke is printing money!

[denverbill]

35. Personally, I'm really surprised the market was up. It had every reason to go down.

What is a near certainty re: the cliff is that capital gains rates will go up, either to pre-Bush levels or some negotiated level. I'm surprised there wasn't a ton of selling by people locking in their gains at lower rates.

[Buzz505]

6. The house repubs are idiots

and Mr. Orange is the biggest idiot. Who votes for these people?

[chillfactor]

7. really no surprise here.....

I have always thought Boehner would hold up the deal and I hope he and the GOTP get the full blame...

I am 71 years old....and in my lifetime I have never seen such a dysfunctional Congress...

[Hissyspit]

8. Dysfunctional is the nice way to put it.

[Katashi_itto]

9. BANZI!!!! TEABAGGERS COMMIT SEPPUKU!!!

[mimi85]

10. There will not be a vote tonight

I just got a notice from NBC. I feel like Alice where up is down and down is up.

Take it back - I AM upside down. Sorry...

[Arkana]

11. As much as it pains me to think

of the folks on UI who will be affected by this, I'm almost glad.

Now I get to see the media shit its collective britches. Delicious.

[frylock]

12. weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!!!

[dipsydoodle]

14. and tomorrow,

believe it or not, will be no different from today.

[Ash_F]

15. "Republican-controlled Senate"..."Senate Majority Leader Mitch McConnell"

Wait what?

Journalism in America.

[Fantastic Anarchist]

21. I thought the same thing!

Surprised no one else picked up on that.

Well, you did.

[Sekhmets Daughter]

27. Freudian perhaps?

[Liberalynn]

29. Wow there was a coup and we missed it?

The press is not only Puke biased but incompetent as well.

[nobodyspecial]

33. All the real reporters are getting drunk

and the college interns are in charge.

[YOHABLO]

37. That is Soooo ridiculous .. these people are not journalists .. they're shit.

[Blue_Tires]

38. +1000

[Yo_Mama]

40. Started drinking early?

Or maybe only the third-stringers are still on the job?

[SWTORFanatic]

16. Good. Go over the cliff and then drop the tax rate increase threshold to

$250k again

[indypaul]

18. Exactly

Boehner should not be the only one who can move the goal posts
whenever he wants. I think this man is trying to fulfill the prophecy
of Benjamin Franklin who warned that if the government became so
corrupt that a despot would rule. Mr. Boehner appears to be headed
in that direction with Cantor's help.

[Liberalynn]

30. agreed

Say to the pukes you blew it.. Now you take what we are willing to give you.

[madrchsod]

17. how about "jimmy cliff" ?

[dipsydoodle]

19. How about Madness

and Enjoy Yourself................while the going's good.

[daleo]

24. The Fiscal Cliffs

Would be a good name for a rock band (musical or geological).

[blackspade]

20. My this is some crappy reporting.

Or maybe just editing.

Republican-controlled Senate

?

Vice-President Joe Biden and Senate Majority Leader Mitch McConnell (R-KY) and Vice President Joe Biden had reached an agreement

?

That's pretty bad.

[chelsea0011]

22. A pay raise and great parties tonight.

Who would work?

[TwilightGardener]

23. Manufactured panic.

[Kablooie]

25. Keep your hands and arms inside the country at all times.

The roller coaster is starting downhill.
I wonder who's going to be thrown out of the car at the curves?

[LongTomH]

26. And the world didn't end......again!!!!!

First the Mayan Apocalypse fizzles, now we go over the 'Fiscal Cliff' without dire results! The doomsayers are going to be suffering from Apocalyptus Interruptus!

[Purveyor]

28. So does this mean all the 'automatic' provisions of the laws they previously passed regarding this

deadline must be dealt with individually.

They passed the laws laying out 12/31/12 as the drop-dead date, how can they ignore those if they don't make the deadline.

I know I don't get a pass if I fail to pay my taxes by the 'due date'...

Law is law.

[DCBob]

32. apparently the drop dead date is not really a drop dead date.

It sounds like the plan is to pass a bill that will be retroactive to 12/31/2012.

[DCBob]

31. Apparently the House GOPers want to delay the vote until after the deadline.. why?

So it appears they are voting for a tax decrease rather than a tax increase.

Pathetic.

[sendero]

34. This is not a huge deal..

.... We should do a $250K deal and not $450K. Tax code and spending items will now be handled individually, which IMHO will be better.

[shanti]

36. and away we gooooooooo!

[triplepoint]

39. Giddy Up!

.
.
.

[Shankapotomus]

41. MSNBC just announced

a deal has been reached.

[Kablooie]

42. Oh what a surprise! My, this is so unexpected.