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Lawmakers resume fiscal cliff debate
Hampton Roads has a lot at stake
Updated: Monday, 26 Nov 2012, 6:55 PM EST
Published : Monday, 26 Nov 2012, 6:55 PM EST
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.
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