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.


55° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

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

Sioux Falls School Election Results

4/14/2015 8:17 PM

Final results are in for the Sioux Falls School election.  Classes will start after Labor Day in the district beginning this fall.  

Full Story
President Obama To Address Lake Area Tech Graduates

4/13/2015 4:00 PM

President Barack Obama will be the commencement speaker at Lake Area Technical Institute in Watertown in May.

Full Story
Obama To Speak At Lake Area Tech Graduation

4/13/2015 6:00 PM

President Barack Obama will visit South Dakota in May.  He is scheduled to speak at Lake Area Technical Institute's graduation ceremony May 8...

Full Story | Watch
Election Results From KELOLAND Communities

4/14/2015 7:59 PM

KELOLAND voters decided a number of races on Tuesday.

Full Story
SF School Board Set to Approve Later School Start Date

4/14/2015 10:59 PM

The results of the Sioux Falls School District election are in, and students will start classes after Labor Day for the next three years.

Full Story


Events