White House: "fiscal cliff" could spook holiday shoppers - 13abc.com Toledo (OH) News, Weather and Sports

White House: "fiscal cliff" could spook holiday shoppers

Posted: Updated:
WASHINGTON -

President Obama is hitting the road to push his plan to deal with the "fiscal cliff." The White House is warning that, if there's no deal, the issue could take the cheer out of your holiday season.

Americans shopped til they dropped on Black Friday weekend, spending $59.1 billion dollars. President Obama took part, buying Christmas gifts at a Virginia bookstore on Small Business Saturday. Cyber Monday was the biggest online shopping day ever, with sales rising 30.3%.

But it's not all good news, the stock market is wavering and in a new economic report, the White House warns that these shoppers won't shop anymore if we go over the "fiscal cliff. The report estimates that consumers could spend $200 billion less next year.

The President has a plan to get his way in the negotiations:

Tuesday - Meet with small business owners from around the country

Wednesday - Host middle-class Americans at the White House

Friday - Visit a toy manufacturing facility in Hatfield, Pennsylvania.

Republican Senator Mitch McConnell is not impressed. He thinks the President should be sitting down with lawmakers to work out a bipartisan agreement.

Ohio lawmakers from both sides of the aisle said they're waiting for the President to guide the negotiations.

So as Americans continue to shop for holiday deals, Congress has just 35 days left to come up with the biggest deal of the year.

 

  • WashingtonMore>>

  • Oak Harbor marathon runner returns to Boston 1 year after bombing

    Oak Harbor marathon runner returns to Boston 1 year after bombing

    Monday, April 21 2014 3:11 PM EDT2014-04-21 19:11:38 GMT
    Apling was in Boston at the time of the bombings last year. He witnessed the explosion just over an hour after he finished the race. He said it sounded like a cannon was being shot.
    Apling was in Boston at the time of the bombings last year. He witnessed the explosion just over an hour after he finished the race. He said it sounded like a cannon was being shot.
  • OH Senator wants to help students in debt

    OH Senator wants to help students in debt

    Tuesday, April 15 2014 4:43 PM EDT2014-04-15 20:43:56 GMT
    WASHINGTON, D.C. (04/11/2014) – According to the Consumer Financial Protection Bureau, federal student loan debt in the United States has topped one trillion dollars. Every year in the United States,
    One Ohio Senator is working on legislation to help students *before they borrow loans, and help students who are facing thousands of dollars of debt.
  • Sex trafficking survivor speaks out on Capitol Hill

    Sex trafficking survivor speaks out on Capitol Hill

    Monday, April 7 2014 4:55 PM EDT2014-04-07 20:55:55 GMT
    WASHINGTON, D.C. – She goes by the nickname "T." Lawmakers call her one of the most courageous congressional witnesses they have ever met. "I became vulnerable for a man to basically sexually exploit me.
    She goes by the nickname "T." Lawmakers call her one of the most courageous congressional witnesses they have ever met.
  • Top StoriesMore>>

  • Entertainment District proposed for downtown Toledo

    Entertainment District proposed for downtown Toledo

    Tuesday, April 22 2014 11:08 PM EDT2014-04-23 03:08:24 GMT
    Empty buildings and store fronts downtown could soon have new life under a Community Entertainment District.Nothing has been approved just yet, but many are excited about the idea of new growth."I'd welcome a new entertainment district," Adam Ramos, who lives in Bowling Green saidRamos likes to take trips of I-75 to visit restaurants and attractions in downtown Toledo."We mainly hang around the ball park, but we love all the restaurants around here," he said.Toledo City Council is working to ...
    Empty buildings and store fronts downtown could soon have new life under a Community Entertainment District.Nothing has been approved just yet, but many are excited about the idea of new growth."I'd welcome a new entertainment district," Adam Ramos, who lives in Bowling Green saidRamos likes to take trips of I-75 to visit restaurants and attractions in downtown Toledo."We mainly hang around the ball park, but we love all the restaurants around here," he said.Toledo City Council is working to ...
  • 'Bachelorette' contestant Eric Hill dies in paragliding accident

    'Bachelorette' contestant Eric Hill dies in paragliding accident

    Wednesday, April 23 2014 1:20 PM EDT2014-04-23 17:20:13 GMT
    (ABC News) One of the competitors on Andi Dorfman's season of "The Bachelorette" has died, his sister confirmed.Eric Hill, an adventurer who sought to visit every country in the world in less than 1,200 days, was involved in paragliding accident Sunday that left him in a coma. He died this morning."Eric shared his final journey with us this morning as all his immediate family were able to be at his side when he passed away. Thank you to all of your love and support and prayers and fasting," ...
    (ABC News) One of the competitors on Andi Dorfman's season of "The Bachelorette" has died, his sister confirmed.Eric Hill, an adventurer who sought to visit every country in the world in less than 1,200 days, was involved in paragliding accident Sunday that left him in a coma. He died this morning."Eric shared his final journey with us this morning as all his immediate family were able to be at his side when he passed away. Thank you to all of your love and support and prayers and fasting," ...
  • Helping students cope with death and tragedy

    Helping students cope with death and tragedy

    Wednesday, April 23 2014 11:21 AM EDT2014-04-23 15:21:12 GMT
    In the past week, multiple teenage students in our area have died in accidents. Now school districts are working to help students cope with the tragedies. From homework, to standardized tests, students have a lot on their plates but many of them are also dealing with death of a classmate. Yesterday, a Oregon junior high school student died in a car crash. Zachery Brantley, 14, was thrown from a car, after the driver lost control on Howard Road. In Monroe County, an 18-year-old and two oth...
    In the past week, multiple teenage students in our area have died in accidents. Now school districts are working to help students cope with the tragedies. From homework, to standardized tests, students have a lot on their plates but many of them are also dealing with death of a classmate. Yesterday, a Oregon junior high school student died in a car crash. Zachery Brantley, 14, was thrown from a car, after the driver lost control on Howard Road. In Monroe County, an 18-year-old and two oth...

Area Events Calendar

See It, Shoot It, Send It!