Snow is expected to develop for our Monday afternoon and overnight hours. Bands of heavier snow are possible..and something we will be monitoring throughout the day today. A Winter Storm Watch has been issued for far northern El Paso County where ~4" are possible by Tuesday morning. Also ahead, a High Wind Watch for much of southeast Colorado from 4-11am Tuesday morning as wind gusts could reach up to 60 mph. For more info on the forecast this holiday week, head over to the "Weather" tab.
Democrats and Republicans say signs of progress are emerging in urgent negotiations to avert the looming `fiscal cliff' ahead of a midnight deadline.
A person familiar with the negotiations says Democrats have offered to extend tax cuts for families making up to $450,000 a year and individuals making up to $400,000.
President Barack Obama originally wanted the tax cuts to be extended only for families making up to $250,000 a year.
Unless an agreement is reached and approved by Congress by the start of New Year's Day, more than $500 billion in 2013 tax increases will begin to take effect and $109 billion will be carved from defense and domestic programs
The person familiar with the talks requested anonymity in order to discuss the internal negotiations.