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.


87° 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




 
Find Local Businesses on KELO Pages!

View politics

You may also like

SD Dems Ask Panel To Subpoena Daugaard, Rounds

8/19/2014 3:30 PM

South Dakota Democrats want a legislative committee to subpoena Governor Dennis Daugaard and former Governor Mike Rounds in its probe of the immigrant...

Full Story
SD Got Involved With EB-5 Via No-Bid Contract

8/18/2014 10:00 PM

South Dakota got involved with the EB-5 immigrant investor program in 2009 when it entered into an exclusive no-bid contract with Joop Bollen and his ...

Full Story | Watch
Judge Rules For Candidate In Lt. Governor Lawsuit

8/18/2014 3:49 PM

A federal judge has ruled that Lora Hubbel can be Mike Myers running mate this fall as he runs as an independent candidate for South Dakota governor.

Full Story
SD Senate Candidates Fire Away In First Debate

8/20/2014 9:32 PM

The four men running for South Dakota's open U.S. Senate seat didn't hold back during their first debate of the season.

Full Story | Watch
US Senate Candidate Weiland Enlists New Adviser

8/18/2014 1:12 PM

U.S. Senate candidate Rick Weiland has enlisted a new campaign adviser.

Full Story


Events