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.


18° 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!

 

'Fiscal Cliff' Deal Emerging

December 31, 2012, 1:19 PM

'Fiscal Cliff' Deal Emerging
WASHINGTON -

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 a year, increase the estate tax rate and extend unemployment benefits for one year.

"There are still issues left to resolve but we're hopeful Congress can get it done," Obama said at a campaign-style event at the White House. "But it's not done."

The parties were at an impasse over whether to put off the automatic, across-the-board spending cuts set to take effect at the beginning of the year and if so, how to pay for that.

One official said talks were focused on a two-month delay in the across-the-board cuts but negotiators had yet to agree on about $24 billion in savings from elsewhere in the budget.

Officials emphasized that negotiations were continuing and the emerging deal was not yet final. And a confident Obama, flanked by cheering middle class Americans in a White House auditorium, jabbed Congress, saying lawmakers would use every last second to delay a deal. He said his hopes for a larger, more sweeping deal have been dashed and said that such an accommodation was not possible "with this Congress at this time."

Previous Story

Next Story




Sponsored
Find Local Businesses on KELO Pages!

View politics

You may also like

Rounds Continues To Name Washington Staffers

12/11/2014 3:28 PM

U.S. Sen.-Elect Mike Rounds continues to name staffers for his Washington office.

Full Story
State's Attorney Deadrick Switching To Secretary Of State

12/14/2014 11:58 AM

Charles Mix County State's Attorney Tom Deadrick will resign his current post to join the office of incoming Secretary of State Shantel Krebs.

Full Story
South Dakota Democrats Elect New Party Chairwoman

12/13/2014 3:56 PM

The South Dakota Democratic Party has elected a new leader.

Full Story
SD's Rounds Selected To Serve On Four Committees In Congress

12/15/2014 5:42 PM

U.S. Sen.-Elect Mike Rounds from South Dakota will serve on four committees in the upcoming Congress.

Full Story
Thune Noncommittal On 2016 Presidential Bid

12/10/2014 3:39 PM

U.S. Sen. John Thune says he's keeping his options open for a 2016 presidential bid, but right now the South Dakota Republican says he's not e...

Full Story


Events