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

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




 
Find Local Businesses on KELO Pages!

View politics

You may also like

Stephen Colbert Focuses On South Dakota's U.S. Senate Race

10/14/2014 4:03 PM

The U.S. Senate race in South Dakota is getting more national attention.

Full Story
Governor's Chief Of Staff Is Leaving Office

10/15/2014 10:32 AM

Gov. Dennis Daugaard announced today that his chief of staff Dusty Johnson will leave state government next month.

Full Story
Thune Calls For West Africa Travel Ban Over Ebola

10/15/2014 3:59 PM

South Dakota Sen. John Thune says the U.S. should ban travelers from three West African countries where an Ebola epidemic is spreading.

Full Story
Pressler Endorsed By 1970s Abscam Sting FBI Agent

10/15/2014 2:05 PM

U.S. Senate hopeful Larry Pressler has been endorsed by the lead supervisor of the 1970s Abscam investigation that led to the convictions of some memb...

Full Story
A Look Back at 2006 Gay Marriage Ban

10/16/2014 10:00 PM

Arguments begin in a hearing for the State's request to drop a lawsuit from six couples, challenging the amendment that bans gay marriage.

Full Story | Watch


Events