User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


40° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Back to all news

Politics

Find local businesses
on the KELO Pages!

 

Obama Expected To Offer Scaled-Down Fiscal Cliff Deal

December 28, 2012, 12:17 PM

Obama Expected To Offer Scaled-Down Fiscal Cliff Deal
WASHINGTON -

When congressional leaders gather at the White House this afternoon, they'll be hearing a limited proposal from President Barack Obama aimed at avoiding the tax increases and deep spending cuts that are slated to take effect next week.

Lawmakers and White House officials are holding out a slim hope for a deal, but it's not clear whether congressional passage of legislation that both sides can accept is even possible.

Today's meeting -- the first since mid-November -- is expected to center on which income thresholds would face higher tax rates. There will likely be talk about extending unemployment insurance, and preventing a cut in Medicare payments to doctors.

Despite early talk of a grand bargain that would reduce deficits by more than $2 trillion, the expectations now are far less ambitious.

Republicans and Democrats say any agreement will likely include an extension of middle-class tax cuts with increased rates at upper incomes. The deal would likely put off the scheduled spending cuts.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View politics

You may also like

Panel Votes Down Measure To Void Transgender Athletes Policy

3/3/2015 11:20 AM

A Senate committee has defeated a proposal that would void a High School Activities Association policy on transgender student participation in sports.

Full Story
Panel Calls For Pardon Of Famous Paleontologist Peter Larson

3/5/2015 12:55 PM

A Senate committee has approved a resolution petitioning for a presidential pardon of renowned South Dakota paleontologist Peter Larson.

Full Story
Child Abuse Law Changes Approved, Continued Study Defeated

3/4/2015 3:00 PM

A state House committee has approved a measure aimed at making child sexual abuse reporting clearer but has defeated a plan to authorize more time to ...

Full Story
Alabama Judges Ordered To Halt Same-Sex Wedding Licenses

3/4/2015 6:17 AM

The all-Republican court sided with a pair of conservative groups and ordered Alabama's 68 probate judges to stop issuing marriage licenses to sam...

Full Story
Committee Approves Repeal Of State's So-Called 'Daschle Law'

3/4/2015 2:20 PM

A legislative panel has approved a measure to change the state's so-called "Daschle law" that bars a presidential candidate from seeking...

Full Story


Events