Obama pressures GOP to reach fiscal cliff deal
President Obama urged House Republicans to extend Bush era tax rates for households earning 250000 or less while allowing increases for the wealthy. He warned taxing middle class would be a Scrooge like Christmas as Boehner called talks deadlocked almost nowhere amid a looming fiscal cliff.
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Hatfield
Barack Obama
John Boehner
Obama
Philadelphia
Capitol Hill
Boehner
Ohio
Rodon Group
K’nex Brands
Tinkertoy
Angry Birds
White House
Congress
Administration
Hill Republicans
Treasury
Tim Geithner
Obama defense pick could come sooner than expected
Obama may name his next defense secretary in December, a move that could accompany a state secretary selection. Top candidates include Chuck Hagel, Michele Flournoy, Ashton Carter, and John Kerry, with Kerry favored for secretary of state. A joint announcement is possible to underscore a unified national security team.
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Associated Press
Obama
Central Intelligence Agency
USS
Senate
Defense
Chuck Hagel
Nebraska
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Michele Flournoy
Ashton Carter
John Kerry
Massachusetts
Kerry
Leon Panetta
Panetta
U.S
White House
U.N
Susan Rice
Hillary Rodham Clinton
Congress may scrap the $1 bill for dollar coins
congressional auditors say replacing dollar bills with coins could save about 4.4 billion over 30 years. The GAO notes savings accrue as coins circulate longer, despite public resistance and upfront costs. Revenue advocates argue for metal-content changes and education to shift demand.
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Congressional
U.S
Federal Reserve
Government Accountability Office
Congress
House
GAO
Lorelei St. James
House Financial Services Panel
St. James
Philip Diehl
Mint
Consumer spending slows in October amid Sandy disruption
October consumer spending fell 0.2 percent while income held steady as Super storm Sandy disrupted wages by about 18 billion annually. The storm hit 24 states with New York and New Jersey hardest, delaying growth into year-end and delaying a potential fiscal cliff impact. Economists see a rebound next year but acknowledge a weak near-term trend.
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Dales
Electrician killed at Pocahontas Mine A White Buck Portal
Two West Virginia coal operations reported separate Friday incidents leaving one dead two injured and one missing. A worker died after being caught between a scoop and a continuous mining machine at Pocahontas Mine A White Buck Portal near Rupert Greenbrier County. The mine is owned by White Buck Coal Co.
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West Virginia
Pocahontas
White Buck Portal
Rupert
Greenbrier County
Leslie Fitzwater
State Office of Miners’ Health Safety and Training
White Buck Coal Co
Markets end week with Dow up 3.76 points
Friday trading saw the Dow Jones Industrial Average rise to 13,025.58 while the Nasdaq edged to 3,010.24 and the S&P 500 at 1,416.18. Treasury yields slipped slightly to 2.79 percent as commodity prices moved: Corn fell six cents to 7.53, Soybeans rose to 14.39, Wheat slipped 19.75 cents to 8.98, Oil gained 84 cents to 88.91, Gold fell 16.80 to 1,712.70, Silver up 1.15 to 33.28, Platinum fell 14.90 to 1,604.60.
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S&p
Treasury
Chicago
Kansas City
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Gop
Susan Walsh
By Ben Feller and
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Stio
Pearlie
WN Reser’ Owned
Dhlam Garal
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Harper St
City of Lawrence Parks and Recreation
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