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The US Fiscal Cliff
WASHINGTON (AP) -- President Barack Obama and Republicans are playing a game of political chicken as the end-of-year deadline approaches for averting the "fiscal cliff," a combination of expiring tax reductions and across-the-board spending cuts.
Obama proposes $1.6 trillion in higher taxes over a decade and heightened presidential power to raise the debt limit. In exchange, Obama proposes $600 billion in spending cuts, including some to Medicare. He also wants $200 billion in new spending to support economic recovery.
Based on the rhetoric, an agreement may not come quickly.
Treasury Secretary Timothy Geithner says Republicans don't have a plan and should say how much they're willing to raise taxes on the rich.
House Speaker John Boehner says Obama's plan isn't serious. He says Republicans have plenty of ideas, but he's not giving specifics.
Posted: Monday, December 3 2012, 04:14 AM CST
IN OKLAHOMA NEWS
Okla. grand jury returns new charges on ex-judge
May 23, 2013 23:32 GMT
OKLAHOMA CITY (AP) -- Oklahoma's multicounty grand jury has returned new indictments against a former Lincoln County judge who already faces embezzlement and cattle theft charges.
The grand jury handed up the indictments Thursday against 47-year-old Craig S. Key of Chandler.
Key turned himself in last month to Lincoln County authorities who set bond at $10,000.
One indictment accuses Key of harboring a fugitive by allegedly encouraging a client facing criminal charges in Lincoln and Jefferson counties to flee the state to avoid prosecution.
Another charges Key with five counts of delivery of a forged note and accuses him of forging the name of a woman whose signature was required on escrow account checks that Key was also required to sign.
Key's attorney, Cheryl Ramsey of Stillwater, says the additional indictments are no surprise.
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From the FOX 25 First Forecast Center..Hello everyone...
It's Friday and the weather is looking good for the holiday weekend. Can't rule out isolated to random showers and t'storms from time to time but nothing organized. ...
Bernanke signals Fed to maintain stimulus efforts
WASHINGTON (AP) -- Chairman Ben Bernanke is telling Congress that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: TEEN ONLINE FAREWELL SONG ATTRACTS MILLIONS OF VIEWS
LAKELAND, Minn. (AP) -- High school student Zach Sobiech (SOH'-bee-eck) says he wanted to be remembered as "a kid who went down fighting and didn't really lose."
SWINGERS CLUB LAWSUIT-VEGAS
LAS VEGAS (AP) -- David Cooper wants to bring a little more sin -- to Sin City.