WASHINGTON (Reuters) - President Barack Obama and congressional Republicans looked ahead on Wednesday toward the next round of even bigger budget fights after reaching a hard-fought "fiscal cliff" deal that narrowly averted potentially devastating tax hikes and spending cuts. The agreement, approved late on Tuesday by the Republican-led House of Representatives after a bitter political struggle,...
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
Obama boasts support of American people in ‘fiscal cliff’ fight
Label: BusinessAs Congress races to pass legislation before the Jan. 1 "fiscal cliff" deadline, President Barack Obama in an interview which aired Sunday publicly touted the support of the American people for the plan he offered to Republicans."We have put forward not only a sensible deal, but one that has the support of the majority of the American people including close to half of Republicans," the president told...
Dec
28
Make-or-break moment for fiscal cliff talks
Label: BusinessWASHINGTON (AP) — President Barack Obama was preparing to present 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 a 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
As winter storm bears down on Midwest, death toll climbs
Label: BusinessMOBILE, Ala. (AP) -- A powerful storm system that erupted Christmas Day with Gulf Coast tornadoes and snow in the nation's midsection headed for the Northeast on Wednesday, spreading blizzard conditions that slowed holiday travel. The death toll rose to six with car accidents on snow and sleet-slickened highways in Arkansas and Oklahoma. Post-Christmas travelers braced...
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 in Webster, N.Y., police say.William Spangler, 62, apparently started a 5:35 a.m. fire at his home on Lake Road and then waited...
Dec
23
NRA’s defiant LaPierre dismisses critics of school gun plan
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 began a slow crawl across the Midwest on Thursday, creating treacherous driving conditions that, in Iowa, led to a 25-vehicle pileup that killed one person.Drivers were blinded by blowing snow and didn't see vehicles that had slowed or stopped on Interstate 80 about 60 miles north of Des Moines, state police said. A chain reaction...
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
Live chat: Newtown rebuilds after shooting
Label: BusinessIn the aftermath of Friday's Newtown school shooting, we've heard tales mostly horrifying and occasionally heroic, from surviving witnesses and mourning citizens alike, but this one lies somewhere in between, all the more unshakeable. One six-year-old Sandy Hook student played dead in her first-grade classroom, her family pastor said late Sunday, with the kind of quick thinking that ended up saving...
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
Portraits of Conn. victims show lives at their very start, ended in gunfire
Label: BusinessMost died at the very start of their young lives, tiny victims taken in a way not fit for anyone regardless of age. Others found their life's work in sheltering little ones, teaching them, caring for them, treating them as their own. After the gunfire ended Friday at Sandy Hook Elementary School, the trail of loss was more than many could bear: 20 children and six adults at the school, the gunman's...
Dec
15
Evidence at suspected shooter’s home may point to motive, police say
Label: BusinessConn. State police spokesman Lt. Paul Vance at Saturday morning's news conference. (Jason Sickles/Yahoo News)NEWTOWN, CT - Evidence recovered at gunman Adam Lanza's home may provide a motive for the massacre that left 26 dead at an elementary school, police said on Saturday.State police spokesman Lt. Paul Vance declined to provide specifics about the evidence but said, "we're hopeful it will paint...
Dec
14
At least 27 dead, mostly children, in Conn. school shooting
Label: BusinessMore than two dozen people, mostly children, were shot and killed at a Newtown, Conn., elementary school this morning by a heavily armed man who was killed inside the building, federal and state sources tell ABC News."The shooter is deceased inside the building," Connecticut State Police spokesman Lt. Paul Vance said at a news conference. "The public is not in danger."The gunman has been identified...
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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