A storm system will begin to impact Southern Colorado by late Friday morning. Mountain locations will simply see snow, but lower elevations will see rain eventually change to snow by later Friday afternoon. Locations that are higher in elevation will see the heaviest snow, due to them seeing cooler temperatures. So, Teller County, far northwest El Paso County, and the Wet & Sangre de Cristo Mountains will likely see several inches of wet snow. The major cities will see far less amounts and the storm will exit toward early Saturday morning.
When he meets with about a dozen business executives at the White House today, President Barack Obama will be looking for support for $1.6 trillion in new revenue, to avoid the "fiscal cliff" in January.
A spokesman says Obama is bringing to the table a proposal involving new taxes on business and the wealthy. The targeted revenue is twice the amount Obama discussed with Republican leaders during debt talks last year.
Jay Carney says the figure, combined with $1.1 trillion in spending cuts already signed into law, would reduce deficits by $4 trillion.
Today's meeting with CEOs follows a gathering of labor leaders and liberal groups yesterday. Participants said Obama remained clear that he would push for his campaign pledge of making the wealthiest Americans pay more in taxes.
Failure to act would bring automatic spending cuts and higher taxes on all Americans. According to the nonpartisan Tax Policy Center, middle-income families would pay an average of about $2,000 more next year.
The President has scheduled a news conference immediately before today's meeting with business leaders.
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