Senate Minority Leader Mitch McConnell has already drawn a line in the stand and said in a statement released before the meeting that Republicans will not support any last-minute deals and they will not raise taxes.
Senate Majority Leader Harry Reid (D-NV) turned down an opportunity to allow the Senate to vote on President Barack Obama’s proposal to avert the fiscal cliff….
The move to drive down costs comes as Obama’s tax increases couple with the fiscal cliff and European debt crisis to create uncertainty across the industry.
Fitch and Moody’s have both put the United States on notice that future downgrades are coming without a change in course.
Severe cuts to California schools and public safety face the state if voters fail to approve tax increases in November, California Governor Jerry Brown says. The state’s budget deficit has swelled to a projected $16 billion, much larger than what was previously predicted.
Japan suffered more than any nation had a right to bear last year, when a 9.0 earthquake struck off the coast of Japan last March and sent a tsunami crashing into the Fukushima Daiichi nuclear power plant. There were fears that Japan would have a difficult time recovering in its place in the global economy. Never fear: Japan will soon overtake Chine in buying off U.S.-held debt.
I will continue to be your voice and our voice. We will make 9-9-9 a movement. We will put “strength” back into Peace through Strength and Clarity. We will become energy independent. We will put “united” back into the United States of America.
On Monday, the US Postal Service is expected to announce more than $3 billion in cuts that everyone will be sure to notice. The cuts are necessary because the organization continues to operate in the red, and Congress has not signaled that they will be delivering any help to the ailing institution.
President Obama pledged on Monday that he would veto any efforts by lawmakers to repeal the automatic spending cuts triggered after the failure of the Super Committee to work out a deal to save $1.2 trillion over the next 10 years.