Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts
Jan
02

Bigger fights loom after tax deadline deal

(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...
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Jan
01

House faces test on fiscal cliff deal

Vice President Joe Biden gives two thumbs up following a Senate Democratic caucus meeting about the fiscal cliff …Updated 4:25 pm ETA hard-fought bipartisan compromise passed in the Senate early Tuesday to spare all but the richest Americans from painful income-tax hikes teetered on the edge of collapse as angry House Republicans denounced its lack of spending cuts.While House Speaker John Boehner...
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Dec
31

Congress to miss midnight cliff deadline

America is going over the “fiscal cliff” – for a few minutes, or hours, at the very least. Don't panic. There's no need to move the family into the Doomsday bunker in the backyard. Yet.While President Barack Obama and Republican Senate Minority Leader Mitch McConnell have said they are close to a broad agreement that would prevent across-the-board income-tax hikes, lawmakers are unlikely to approve...
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Dec
30

GOP Senate leader urges Biden to break ‘fiscal cliff’ impasse

Senate 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 on Sunday 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...
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Dec
28

'Clock is ticking': Debt talks underway

WASHINGTON (AP) — The end game at hand, President Barack Obama and congressional leaders made a final stab at compromise Friday to prevent a toxic blend of middle-class tax increases and spending cuts from taking effect at the turn of the new year.Success was far from guaranteed in an atmosphere of political mistrust — even on a slimmed-down deal that postponed hard decisions about spending cuts into...
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Dec
27

House back Sunday night, will have 29.5 hours to strike deal on fiscal cliff

President Barack Obama salutes as he returns via Marine One from a Christmas visit with his family in Hawaii, to …Will parachutes be provided? Republican House leaders informed their rank-and-file on a conference call Thursday that they have to be back at work at 6:30 p.m. Sunday – giving them, oh, 29.5 hours to forestall the “fiscal cliff.”Absent a last-minute compromise, Americans will see...
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Dec
26

Powerful winter storm throttles Midwest travelers

CINCINNATI (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,...
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Dec
25

Egypt constitution passes with 63.8 percent

CAIRO (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...
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Dec
24

Firefighters ambushed by gunman while responding to house fire

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 armament of weapons for first responders to arrive, Webster N.Y. Police Chief Gerald Pickering said at an afternoon...
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Dec
23

NRA’s LaPierre: New gun laws won't work

LaPierre 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...
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Dec
22

Final day of funerals for Newtown shooting victims

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. ...
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Dec
21

NRA: 'Good guy with a gun' could have saved lives at Sandy Hook

The 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...
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Dec
20

Snowstorm triggers deadly Iowa pileup

DES 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...
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Dec
19

Outrage as scam artists creep in amid tragedy

NEWTOWN, Conn. (AP) — The family of Noah Pozner was mourning their 6-year-old who was killed in the Newtown school massacre when their sorrow was compounded by outrage.Someone they didn't know was soliciting donations in Noah's memory, claiming that they'd send any cards, packages and money collected to his parents and siblings. An official-looking website had been set up, with Noah's name as the...
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Dec
18

NRA breaks silence on 'horrific' massacre

Tasha Devoe, left, of Lawrence, Mass., joins a march to NRA headquarters in Washington on Dec. 17, 2012. (Manuel …The National Rifle Association on Tuesday broke its silence on last Friday's mass shooting at Sandy Hook Elementary School in Newtown, Conn., denouncing the "horrific and senseless murders" and vowing to "help make sure this never happens again."Facing a fierce push for new restrictions...
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Dec
17

Neighbor took six survivors into his home

NEWTOWN, Conn. (AP) — Gene Rosen had just finished feeding his cats and was heading from his home near Sandy Hook Elementary school to a diner Friday morning when he saw six small children sitting in a neat semicircle at the end of his driveway.A school bus driver was standing over them, telling them things would be all right. It was about 9:30 a.m., and the children, he discovered, had just run from...
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Dec
16

Newtown residents seek solace in church and prepare to bury their dead

A couple leaves a morning service at Trinity Church not far from the Sandy Hook School on Sunday. (Getty)NEWTOWN, Conn. -- Residents of this shell shocked community attended church services and prepared to bury their dead two days after a gunman mowed down more than two dozen people in one of the worst mass shootings in U.S. history.President Barack Obama left the White House mid-afternoon Sunday...
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Dec
15

Police hope motive emerges from evidence in shooter's home

Conn. 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,...
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Dec
14

20 children, 6 adults killed at Conn. school shooting

Twenty children died today when a heavily armed man invaded a Newtown, Conn., elementary school and sprayed staff and students with bullets.The gunman, identified as Adam Lanza, 20, was found dead in the school.Lt. Paul Vance said 18 children died in the school and two more died later in a hospital. Six adults were also slain, bringing the total to 26.In addition to the casualties at the school, a...
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Dec
13

Rice drops out of race for top State post

Susan Rice (Stephen Lam/Reuters)Susan Rice, the embattled U.S. ambassador for the U.N., withdrew her name on Thursday from consideration to be secretary of state."If nominated, I am now convinced that the confirmation process would be lengthy, disruptive and costly—to you and to our most pressing national and international priorities," Rice wrote in a letter to President Barack Obama, NBC News first...
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