Local News

Fiscal Cliff: How it Could Impact Southern California

WASHINGTON  — President Barack Obama and congressional leaders will discuss the looming fiscal cliff impasse Friday at the White House, aiming for a last-minute deal to stave off automatic tax increases and spending cuts.

The 3 p.m. meeting — which will include Obama, Vice President Joe Biden, House Speaker John Boeher, House Minority Leader Nancy Pelosi, Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell — will come days before the deadline to reach a deal, and after another day of Republicans and Democrats blaming each other for the stalemate.

Rick Chambers reports on how what happens in Washington could impact those living in Southern California.

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