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TODAYS TOP STORIES
Ryan Releases Tax Returns
WASHINGTON (AP) -- When it comes to their federal taxes in the last two years, Republican presidential candidate Mitt Romney has paid a lower federal tax rate than his running mate, congressman Paul Ryan.
The Republican campaign released Ryan's tax returns on Friday.
Ryan paid an effective federal tax rate of just over 17 percent in 2010 and about 20 percent in 2011.
In 2010, Ryan and his wife reported an adjusted gross income of just over $215,000. In 2011, their reported adjusted gross income was just over $323,000.
Romney paid about $3 million in federal income taxes in 2010, an effective federal tax rate of 14 percent. For 2011, Romney's campaign estimates that he will pay about $3.2 million with an effective federal tax rate of about 15.4 percent.
Posted: Friday, August 17 2012, 06:50 PM CDT
IN OKLAHOMA NEWS
Fallin signs bill to spend $45M on tornado relief
May 24, 2013 19:07 GMT
OKLAHOMA CITY (AP) -- Gov. Mary Fallin has signed a bill that will allow the state to access $45 million from the state's Rainy Day Fund to help communities recover from tornado damage.
Fallin on Friday signed a bill that the House and Senate passed unanimously in the wake of the deadly tornado that raked across the state on Monday, killing 24 people and injuring hundreds more.
It allows the state to use the money to match federal disaster funds and for other "disaster-related assistance."
The state's Rainy Day Fund, a constitutional reserve fund, currently has a balance of about $577 million. Up to 25 percent of the money can be accessed to pay for emergency-related expenses. The rest is reserved for when the state experiences budget shortfalls.
Online:
Senate Bill 249: http://bit.ly/10YnKm1
OKLAHOMA HEADLINES
Fallin signs bill to spend $45M on tornado relief
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Friends remember `The Wall' after Okla. tornado
Okla. Legislature OKs tax breaks for storm victims
Mock drill in SD riles Keystone pipeline opponents
Pace slows in testing after Tulsa health scare
Business recovery center to open in Okla.
Hearing could resume in case of 4 Tulsa deaths
NATIONAL HEADLINES
DA: Victims shot after drugs handed over
Driver described as 'horrified' after causing bridge collapse
Lawyer wants documents in Maine teen death sealed
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OKLAHOMA WEATHER
79°
From the FOX 25 First Forecast Center..
It's Friday and the weather is looking good for the holiday weekend. We can't rule out isolated to random showers and storms from time to time but nothing organized. ...
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