Debt deal outlines cuts and no new taxes
President Obama and congressional leaders reach a deal to raise the federal debt limit through 2012 with $2.4 trillion in increases in three stages and $917 billion in immediate cuts. No tax increases. Defense cuts only if domestic programs are cut. Entitlement reform and a balanced budget amendment are considered. A bipartisan committee could propose up to $1.5 trillion more in cuts. if not adopted, half the cuts would come from defense or domestic programs.
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Drunken boating arrests fall in Iowa year to date
Through July 31 Iowa officers arrested 22 people on suspicion of drunk boating statewide, down from 31 in the same period last year. The tally marks the lowest since at least 2006 when 39 arrests were recorded, said Susan Stocker, boating law administrator.
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Department of Natural Resources
Susan Stocker
Iowa boating while intoxicated arrests list
A brief record noting arrests for boating while intoxicated in Iowa from January through July. The item catalogs incidents by date and location, identifying individuals involved and the authorities handling the cases.
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Lowa
Court rules in favor of cooperatives in Iowa
Iowa Supreme Court sides with two Newton housing cooperatives, ruling they qualify as residential property. The decision lowers taxes for the co-ops by more than half under the state residential rollback, affecting local government funds and statewide tax policy. The ruling upholds lower court decisions and carries broad implications for property assessments.
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Newton
Debt deal winners and critics amid Obama Boehner talks
President Obama and Speaker John Boehner are praised for negotiating ability as they steer the debt relief accord. The final package draws spending cuts and concessions, but the outcome is less conservative than the original plan and tests Republican unity.
Senate approves debt deal as Obama signs package
The Senate passed a deficit reduction plan 74 to 26 to raise the debt limit and curb spending, with Obama signing it an hour later. The measure avoids a default but does not restart hiring as demand stays weak and cuts loom. A 12-member bipartisan committee will seek 1.2 to 1.5 trillion in future cuts, targeting mandatory programs and taxes.
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