Fiscal Cliff

You`ve heard us talk a lot about the fiscal cliff, it`s a serious of automatic government spending cuts and tax increases that`s scheduled to take place at the beginning of the year. Now, President Obama and Congress can avoid this cliff by coming up with a compromise, a plan to lower the country`s debt. The president and Republican leaders have both offered some proposals on how to do this, but when we made this show Thursday evening, there wasn`t a deal. The members of the House and Senate said they`d stay in Washington to keep working on it, the deadline for a deal is January First. So make sure to check out cnn.com over the break for all the latest details.