President to Visit Montco Friday

President Obama is scheduled to visit Hatfield manufacturer on Friday as part of his tour to raise awareness about the 'looming fiscal cliff.'

According to multiple news sources, President Barack Obama is scheduled to visit Hatfield on Friday as part of a tour to make a public case for his administration's plan for addressing the impending "fiscal cliff." So what is the fiscal cliff? It's the changes expected to go into effect when the 2011 Budget Control Act expires at the end of the year. Among the changes are: At the same time, spending cuts agreed on in last year's debt ceiling agreement will go into effect, meaning steep cuts to things like the defense budget and Medicare. According to the Associated Press, both sides warn that going over the cliff could harm the fragile economic recovery, but the White House and congressional Republicans still differ on whether the answer …

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