HomeCommentaryAre you worried about the fiscal cliff?

Are you worried about the fiscal cliff?

By: Tracy Simmons

Date:

December 31, 2012

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CNN is reporting that “significant progress” is being made this morning regarding the fiscal cliff.

A possible deal to avert the midnight deadline for the “fiscal cliff” of automatic tax increases and spending cuts began to take shape Monday, including an agreement to raise the income tax rate on top earners to what it was during President Bill Clinton's last term in office, according to sources close to the process.

Other potential deals include increasing estate tax and extending unemployment benefits.

“I think now there's a better than a 50-50 chance that we will avoid the fiscal cliff by midnight tonight,” said Rep. Chris Van Hollen of Maryland, the ranking Democrat on the House Budget Committee.

Does all this have you worried?

Tracy Simmons

Tracy Simmons is an award-winning journalist specializing in religion reporting and digital entrepreneurship. In her approximate 20 years on the religion beat, Simmons has tucked a notepad in her pocket and found some of her favorite stories aboard cargo ships in New Jersey, on a police chase in Albuquerque, in dusty Texas church bell towers, on the streets of New York and in tent cities in Haiti. Simmons has worked as a multimedia journalist for newspapers across New Mexico, Texas, Connecticut and Washington. She is the executive director of FāVS.News, a digital journalism start-up covering religion news and commentary in Spokane, Washington. She also writes for The Spokesman-Review and national publications. She is a Scholarly Associate Professor of Journalism at Washington State University.

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