AUSTIN (KXAN) - Families and taxpayers are trying to figure out exactly how the upcoming "fiscal cliff" could impact them, but non-profit organizations are already expecting the worst.
"It could be a pretty big kick in the gut," said Randy Allen with the Salvation Army.
In Washington, President Barack Obama and congressional Republicans are seeking agreement to avoid automatic spending cuts and tax increases that will occur at year's end.
Obama, a Democrat who just won re-election wants to allow tax cuts to expire for the wealthiest Americans. Republican leaders are resisting, preferring to tackle government entitlements to save money.
Federal funding to non-profits could be cut and donors paying higher taxes might not have as much money to give.
The combination is a dangerous one for organizations that depend on both sources for funding.
Another potential setback could come if Congress caps tax deductions on charitable donations.
Allen estimated that they would lose between 10-15% of their $8 million budget if no solution is reached before Dec. 31.
Embattled Travis County District Attorney Rosemary Lehmberg is court Monday for a civil trial that could end her career as the county's top prosecutor..
American Airlines has emerged from bankruptcy protection and US Airways culminated its long pursuit of a merger partner after the two completed their deal Monday to create the world's biggest airline.
Even though there were no reports of iced over bridges or roadways like last week, officials are urging people to use extra caution while driving.
A 55-year-old man died in a single-vehicle crash just after midnight Monday morning near Lakeway.
More than 100 trees covered in lights now shine bright throughout Zilker Park. The Trail of Lights is open for another season.
Texas will face one of the nations top offenses in their second straight trip to the Alamo Bowl