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House Gives Final Passage to Fiscal Cliff Bill
WASHINGTON (AP) -- Legislation to block the "fiscal cliff" is headed to the White House for President Barack Obama's signature. The bill will avoid, for now, the major tax increases and government spending cuts that had been scheduled to take effect with the new year.
Final approval came in the House on New Year's Night. The vote was 257 to 167.
The Senate passed the bill less than 24 hours earlier.
The measure raises tax rates on incomes over $400,000 for individuals and $450,000 for couples, a victory for Obama.
It also extends expiring unemployment benefits for the long-term jobless, prevents a cut in fees for doctors who treat Medicare patients and cancels a $900 pay increase due to lawmakers in March.
Another provision is designed to prevent a spike in milk prices.
Posted: Tuesday, January 1 2013, 10:16 PM CST
IN OKLAHOMA NEWS
Time waning for Okla. lawmakers to tackle credits
May 18, 2013 19:10 GMT
By SEAN MURPHY Associated Press
OKLAHOMA CITY (AP) -- Despite calls by several Oklahoma legislators to address hundreds of millions of dollars in state tax credits and exemptions for businesses and industries, little has been done as another session approaches its end.
At the same time, other legislators are still trying to write even more tax giveaways into state law for things like tickets and hospitality suites to sporting events and the sale of helicopters.
Longtime tax credit critic Rep. David Dank calls the proposals for new credits "stealth efforts" and says they should be killed before they reach the governor's desk.
Dank sponsored a bill earlier this session to ensure tax credits undergo more rigorous scrutiny, but the bill was derailed in a Senate committee.
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From the FOX 25 First Forecast Center..
Hello everyone...Stay tuned to the weather this weekend as Tornado Alley will come to life with isolated to scattered severe t'storms from time to time. ...
Gauge of US economy's future health up in April
WASHINGTON (AP) -- A measure of the U.S. economy's future health rose in solidly in April, buoyed by a sharp rise in applications to build new homes and apartments.
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: LABOR GROUP SAYS CONDITIONS AT APPLE PLANTS IMPROVING
WASHINGTON (AP) -- A labor group Apple joined to assess working conditions at three manufacturing plants in China, where its products are made, says conditions are getting better.
ON THIN ICE?
ANCHORAGE, Alaska (AP) -- He was already on thin ice with the law when he failed to meet the conditions of his probation.