Lawmakers resume fiscal cliff debate

WAVY TV

Updated: Nov 26, 2012 6:55 PM

PORTSMOUTH, Va. (WAVY) — Local congressman are back at the bargaining table, trying to find a way to avoid a so-called fiscal cliff.

The Hampton Roads region has a lot at stake in this debate. If Congress fails to find a compromise, the Budget Control Act of 2011 will kick in at the end of the year, which is now only about a month away.  That law mandates sweeping cuts to the defense budget and a tax increase of more than $2,000 a year for the middle class.

Click on the video player on this page to watch Art Kohn's report on what Virginia lawmakers on both sides have to say at this point in the debate.

Copyright 2013 WAVY TV. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Political Pulse

We welcome your thoughtful comments. Be the first to participate in the discussion. All comments will display your username and avatar.