RURAL REFLECTIONS Rural Reflections Radio
Here is this week's Rural Reflections Radio program, Into the Great Wide Open... Posted on 1/11/13 at 7:04 AM
STAFF BLOG NIE ROCKS! The Fiscal Cliff
What is the fiscal cliff? It is a term first used by Federal Reserve Chairman Ben Bernanke to describe the impact on the economy of about $502 billion in expiring tax cuts and spending reductions, bot... Posted on 12/5/12 at 3:11 PM
STAFF BLOG AG RIGHT The 'fiscal cliff' and ag
If you're like me, you're tired of hearing and reading about the fiscal cliff. If you're like me, you're still following the issue anyway.
The fiscal cliff refers to a combination of expiring federal... Posted on 12/3/12 at 3:19 PM
With the White House wrestling Congress over gun control and tax-and-spending priorities, Reed's deep ties to the Oval Office and reputation for getting along with both parties make him a central character in some of Washington's biggest political battles.
A last-minute, one-year extension of a wind energy subsidy could save thousands of jobs nationwide, according to an industry group, but officials in North Dakota are waiting to see what its effect will be on jobs here.
Deficit spending once was largely for investments — building infrastructure, winning wars — which benefited future generations, so government borrowing appropriately shared the burden with those generations. But now, continuous borrowing burdens future generations in order to finance current consumption.
The compromise that Republicans and Democrats agreed to offers a 41:1 ratio of tax increases to spending cuts. A few months ago, the GOP could have had a deal on much better terms to them, and stubbornly refused it.
Americans will pay Washington more, despite rhetoric from politicians saying they shot down most tax increases on New Year’s Day, and in the aftermath of what widely was described as a flawed federal budget bill the public should expect more federal fiscal drama in coming months.
A conservative Blue Dog Democrat from Minnesota who broke ranks with most members of his party by voting against a bill to avert the so-called fiscal cliff said Wednesday it fails to cut spending enough and won't prevent another political showdown.
Past its own New Year’s deadline, a weary Congress sent President Barack Obama legislation to avoid a national “fiscal cliff” of middle class tax increases and spending cuts late Tuesday night in the culmination of a struggle that strained America’s divided government to the limit.
Racing against the clock, the White House reached agreement with congressional Republicans late Monday on a deal to prevent across-the-board tax increases and spending cuts to government programs from taking effect at midnight, according to administration and Senate Democratic officials.
Agonizingly close to a New Year's Eve compromise, the White House and congressional Republicans agreed Monday to block across-the-board tax increases set for midnight, but held up a final deal as they haggled away the final hours of 2012 in a dispute over spending cuts.
With the "fiscal cliff" just hours away and politicians yet to reach a solution, the stock market struggled to decide which way to go. The Dow Jones industrial average hopped between small gains and losses in morning trading.
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