Latest 'Fiscal Cliff' News
A list of the most recent stories about Fiscal Cliff.
Boehner dances between GOP, Dems on immigration
The immigration protesters advanced on the news conference, poking signs that read "Do Not Reward Criminals" and "No Amnesty!" over the heads of Republicans who had just finished speaking about finding a civilized tone in the year's most difficult debate. As the politicians ducked out of camera range, one Hispanic ...
NEW SURPLUSES ARE SPOKEN FOR, STATES DISCOVER
c.2013 New York Times News Service While the fiscal picture is brightening around the country, with many states expecting surpluses this year after years of deficits and wrenching budget crises, mounting Medicaid costs and underfunded retirement promises are continuing to cloud their long-term outlook. And some of the surpluses that ...
A respite for Medicare; Social Security no worse
Medicare's long-term health is starting to look a little better, the government said Friday, but both Social Security and Medicare are still wobbling toward insolvency within two decades if Congress and the president don't find a way to shore up the trust funds established to take care of older Americans. ...
Johnstown area company announces layoffs
Concurrent Technologies Corporation (CTC), a government defense contract business, announced Wednesday it laid off 19 workers at its Cambria County facility. Company spokesperson Mary Bevan told 6 News that the laid off employees were notified on Wednesday morning. Bevan said federal government budget cuts, known as sequestration, were to blame. ...
Why do I have a smaller paycheck this year?
Even with Congress and President Obama reaching an 11th-hour deal to prevent the country from going over the much-hyped “Fiscal Cliff,” the New Year has brought an increase in taxes for all American families — and for many that means an almost immediate reduction in take-home pay. We checked in ...
Obama to press for policy changes after shooting
President Barack Obama is launching an administration-wide effort to curb gun violence, underscoring the growing political consensus over tightening gun restrictions following the horrific massacre at a Connecticut elementary school. Obama is tasking Vice President Joe Biden, a longtime gun control advocate, with spearheading the effort. In remarks from ...
Defense contractors could be at risk without fiscal cliff agreement
Three local companies were awarded major defense contracts. $72 million is expected to be installed all together over the next several years. JARI made the announcement Wednesday along with its contract recipients, but the looming fiscal cliff could be creating some concerns about the future. "We've done some homework in ...
Top 5 tax documents to have on hand before 2013
Although the 2013 ball has yet to drop and your W2 isn’t even in the mail yet, it’s not too early to start prepping your end-of-year documents and reviewing the important items you may need for your 2012 tax filing. If you’re an investor or if you’ve been through a major life change ...
What is the 'Fiscal Cliff'?
So just what is this "fiscal cliff" that has the financial markets rattled and economists and policymakers alike in a tizzy over the potential for sending the economy into another tailspin? It's a one-two punch of expiring Bush-era tax cuts and major across-the-board spending cuts to the Pentagon and domestic ...
President’s opponents reach out to voters as DNC gets under way
The president's opponents want to make sure their message isn't lost to local voters as the Democratic National Convention kicks into high gear. Eyewitness News was there as buses rolled into Gastonia Tuesday on separate tours. People on both hope to rally support for the president's challengers. Locals cheered loudly ...
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