Live Video: President Obama speaks on the economy - Dallas News | myFOXdfw.com

Live Video: President Obama speaks on the economy

Posted: Updated:

By BEN FELLER
AP White House Correspondent

WASHINGTON (AP) -- A White House official says President Barack Obama is inviting Congressional leaders of both parties to the White House next week for talks on how to avoid the so-called fiscal cliff.  

Obama will announce the invitations on Friday as he addresses the nation on actions needed to avoid harsh economic consquences from a looming combination of tax increases and spending cuts.  

Obama is expected to urge Congress to act, including passing a bill that would prevent Bush-era tax cuts from expiring for all but the wealthiest Americans.

In his address from the White House East Room, Obama is not expected to put forward a specific plan, but instead will call on lawmakers from both parties to work together to tackle the nation's fiscal problems.

Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices