Breaking down the fiscal cliff with David Schultz

7:03 AM, Dec 11, 2012   |    comments
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WASHINGTON (AP) - The White House has said that President Barack Obama still believes a deal with Republicans is possible in order to avoid a fiscal cliff.

But there've been no outward signs of progress in talks on how to reach a budget agreement. Obama still wants to raise taxes on individuals making more than $200,000 and couples earning more than $250,000.

Top Republicans say they're waiting for Obama to say the word on what spending cuts can come to entitlement programs like Social Security and Medicare.

Hamline professor and political analyst David Schultz visited KARE 11 Sunrise, to break down what needs to happen now, regarding the fiscal cliff.

(Copyright 2012 The Associated Press and KARE. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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