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.


32° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Accumulating snow possible Monday night - Tuesday. Storm Center Update.

 

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

White House: President Has Vetoed Keystone XL Oil Pipeline Bill

2/24/2015 2:36 PM

White House notifies Senate that Obama has vetoed Keystone XL oil pipeline bill.

Full Story
No-Fault Divorce Bill Passes Judiciary Committee

2/22/2015 5:30 PM

Supporters of the bill say it will help domestic violence victims to escape abusive marriages, but opponents say it could make it easier for couples t...

Full Story
Rosebud Tribe Wants Tax Payback For Tribal Members

2/24/2015 7:05 PM

Budget shortfalls are especially painful on Native American reservations in South Dakota, where unemployment and poverty rates rank high nationally. &...

Full Story | Watch
A Look At The No-fault Divorce Bill In Pierre

2/22/2015 10:00 PM

House Bill 1221 is looking to change how the state handles divorce. It would allow a spouse to get a divorce without consent. Mother of two Kristian ...

Full Story | Watch
Obama Aide Calls Netanyahu Visit 'Destructive' To Relations

2/25/2015 6:31 AM

Susan Rice said on Tuesday that Netanyahu's decision to accept House Speaker John Boehner's invitation has injected partisanship into bil...

Full Story


Events