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Rod Arquette

Fiscal crisis deal leaves other battles ahead on debt, spending

Posted January 4th, 2013 @ 3:22pm

Crisis averted? Well, not quite. 

Despite Congress approving a hard-fought bill late Tuesday night that halts tax hikes for millions of Americans, lawmakers have only set themselves up for another risky battle weeks from now. 

The deal, which President Obama plans to sign, was notable for how much unfinished business is left on the table. The bill pushed off for two months a decision on automatic spending cuts originally set to hit Tuesday. And left unaddressed was the debt ceiling, which the country would have hit Dec. 31 if not for emergency measures taken by the Treasury Department. 

Romina Boccia from the Heritage Foundation joins Rod at 4:30pm to discuss what's ahead.

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