(Note language, paragraph 12) WASHINGTON (Reuters) - President Barack Obama and congressional Republicans face even bigger budget battles in the next two months after a hard-fought "fiscal cliff" deal narrowly averted devastating tax hikes and spending cuts. The agreement, approved late on Tuesday by the Republican-led House of Representatives, was a victory for Obama, who...
Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts
Jan
01
House faces test on ‘fiscal cliff’ deal
Label: BusinessVice President Joe Biden gives two thumbs up following a Senate Democratic caucus meeting about the fiscal cliff …The Republican-held House of Representatives faced a tough vote Tuesday on a last-minute “fiscal cliff” compromise to cut taxes on all but the richest Americans and stall some painful spending cuts. The deal, cut in secret weekend talks and passed by the Senate by a lopsided...
Dec
31
Obama: Deal to avert fiscal cliff 'in sight'
Label: BusinessWASHINGTON (AP) — Working with Congress against a midnight deadline, President Barack Obama said Monday that a deal to avert the "fiscal cliff" was in sight but not yet finalized. The emerging deal would raise tax rates on family income over $450,000 and individual income over $400,000 a year, increase the estate tax rate and extend unemployment benefits for one year."There are still issues left to...
Dec
30
Top Republican Senator urges Biden to break ‘fiscal cliff’ impasse
Label: BusinessSenate Minority Leader Mitch McConnell (R-KY) is shown in this C-Span video footage as he addresses the Senate …Republican Senate Minority Leader Mitch McConnell urged Vice President Joe Biden to jump into “fiscal cliff” talks in hopes of breaking an impasse that threatens Americans with sharply higher income taxes come January 1.In a brief speech on the Senate floor, McConnell complained that...
Dec
28
Make-or-break moment for fiscal cliff talks
Label: BusinessWASHINGTON (AP) — President Barack Obama was presenting a limited fiscal proposal to congressional leaders at a White House meeting Friday, a make-or-break moment for negotiations to avoid across-the-board tax increases and deep spending cuts at the first of the year.Lawmakers and White House officials held out slim hope for a deal before the new year, but it remained unclear whether congressional...
Dec
27
Reid: U.S. is poised to go off fiscal cliff
Label: BusinessSenate Majority Leader Harry Reid (R) (D-NV) hugs Speaker of the House John Boehner as Senate Minority Leader Mitch …With a deal to avert the so-called "fiscal cliff" nowhere in sight, Senate Majority Leader Harry Reid on Thursday predicted a compromise would not be reached in time to avert the tax increases and automatic spending cuts set to be triggered on January 1. Reid also criticized Republican...
Dec
26
Powerful winter storm throttles Midwest travelers
Label: BusinessCINCINNATI (AP) — A powerful winter storm system pounded the nation's midsection Wednesday and headed toward the Northeast, where people braced for the high winds and heavy snow that disrupted holiday travel, knocked out power to thousands of homes and were blamed in at least six deaths.Hundreds of flights were canceled or delayed, scores of motorists got stuck on icy roads or slid off into drifts,...
Dec
25
Egypt constitution passes with 63.8 percent
Label: BusinessCAIRO (AP) — Egypt's disputed Islamist-backed constitution passed with a 63.8 percent "yes" in a referendum, the election commission announced Tuesday, rejecting opposition allegations of significant vote fraud.Turnout of 32.9 percent of Egypt's nearly 52 million registered voters was quite a bit lower than most other elections since the uprising nearly two years ago that ousted authoritarian leader...
Dec
24
Firefighters ambushed by gunman while responding to house fire
Label: BusinessResidence near shooting and fire in Webster evacuated. (Max Schulte/Rochester Democrat&Chronicle via Twitter)A man with a criminal history shot and killed two West Webster, N.Y. firefighters and seriously injured two others as they responded to a fire at his home., police say.William H. Spengler, Jr., 62, apparently started a 5:35 a.m. fire at his home on Lake Road and then waited with an...
Dec
23
NRA’s LaPierre: New gun laws won't work
Label: BusinessLaPierre speaks at Friday's press conference. (Getty)Two days after suggesting a "good guy with a gun" be stationed at every school in the country in response to the deadly shootings in Newtown, Conn., National Rifle Association executive vice president Wayne LaPierre blasted critics of his plan.In an interview broadcast on Sunday's "Meet The Press," LaPierre reiterated the statements he made Friday...
Dec
22
Final day of funerals for Newtown shooting victims
Label: Business The final three victims of the massacre at Sandy Hook Elementary School will be laid to rest today, ending a somber week of funerals.A mass will take place today at St. Rose of Lima Catholic Church for Josephine Gay, who had celebrated her 7th birthday on Dec. 11.Friends and family have been asked to wear Josephine's favorite color, purple, in her honor. ...
Dec
21
NRA calls for armed personnel in schools
Label: BusinessThe NRA's Wayne LaPierre speaks at Friday's press conference (Chip Somodevilla/Getty Images)The National Rifle Association on Friday, a full week after the shooting at Sandy Hook Elementary School, gave its first response to the massacre that killed 20 schoolchildren in Newtown, Conn. Wayne LaPierre, the NRA's executive vice president, argued at a press conference in Washington, D.C., that gun...
Dec
20
Snowstorm triggers deadly Iowa pileup
Label: BusinessDES MOINES, Iowa (AP) — The first widespread snowstorm of the season crawled across the Midwest on Thursday, with whiteout conditions stranding holiday travelers and sending drivers sliding over slick roads — including into a fatal 25-vehicle pileup in Iowa.The storm, which dumped a foot of snow in parts of Iowa and Wisconsin, was part of a system that began in the Rockies earlier in the week before...
Dec
19
Obama sets Jan. deadline for proposals to curb gun violence
Label: BusinessWASHINGTON (AP) — Spurred by a horrific elementary school shooting, President Barack Obama tasked his administration Wednesday with creating concrete proposals to reduce gun violence that has plagued the country."This time, the words need to lead to action," said Obama, who set a January deadline for the recommendations. He vowed to push for their implementation without delay.The president, who exerted...
Dec
18
Survivor's dad to NRA: Help make the U.S. safe for kids
Label: BusinessDan Gross, president of the Brady Campaign to Prevent Gun Violence, calls on Congress to address gun violence at …A teacher saved his 8-year-old son from the massacre in Newtown, and now Andrei Nikitchyuk has a message for the National Rifle Association: Help make the United States safe for kids again."I would offer NRA: Return this country their kids. If they can do it, I would like that very,...
Dec
17
Why we should politicize the Newtown shooting, starting right now
Label: BusinessBy Jeff GreenfieldTwo events, each more than a century old, instruct us about how we should act in the face of what happened Friday in Newtown, Conn.On March 25, 1911, fire broke out in the Triangle Shirtwaist Factory in lower Manhattan. Because the owners had locked the doors and stairwells, in an effort to prevent theft and unauthorized work breaks, the garment workers were trapped in the fire;...
Dec
16
Gunman’s computers may be key in Connecticut school shooting investigation
Label: BusinessNEWTOWN, Conn. — Alleged school shooter Adam Lanza reportedly occupied two bedrooms in his family's sprawling suburban home, one where he slept and another to stash his computer equipment.For a young man who has been described as withdrawn from the outside world, Lanza's computer room is likely a gold mine for detectives, a veteran law enforcement source familiar with the investigation told Yahoo...
Dec
15
Police hope motive emerges from evidence in shooter's home
Label: BusinessConn. State police spokesman Lt. Paul Vance at Saturday morning's news conference. (Jason Sickles/Yahoo News)NEWTOWN, CT - The Sandy Hook school principal and another staffer were killed after lunging at a gunman who forced his way inside to begin a deadly shooting spree, the regional school superintendent said Saturday.The principal, Dawn Hochsprung, 47, and school psychologist Mary Sherlach, 56,...
Dec
14
20 children. 6 adults killed at Conn. school shooting
Label: BusinessA heavily armed man invaded a Newtown, Conn., elementary school today, killing his mother and 26 others, mostly children, federal and state sources tell ABC News.The gunman, identified as Ryan Lanza, 24, of New Jersey, was killed inside of the school.In addition to the casualties at the school, a dead body was also found in his home, officials said. Sources said Lanza was armed with four weapons and...
Dec
13
GOP losing public-opinion war over stalled debt talks
Label: BusinessWASHINGTON (Reuters) - Negotiations are expected to continue Thursday on the "fiscal cliff" with Republicans at a growing public opinion disadvantage and approval ratings for President Barack Obama rising to levels not seen since the killing of Osama bin Laden. Senior Democratic Senator Kent Conrad of North Dakota said on MSNBC late Wednesday that he thought Obama and House of Representatives...
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