Democrats, GOP clash over tax cuts for the wealthy
Senate debate on a Democratic tax cut bill aimed at small businesses and hiring stalled amid Republican demands for broader wealth relief. Senator Hatch offered a year extension of cuts for high earners, while Reid contrasted middle class relief with GOP resistance.
MENTIONED IN THIS ARTICLE
Washington
Senate
Orrin Hatch
Utah
Barack Obama
Hatch
Congress
Harry Reid
Mitt Romney
Reid
Tle
House
White House
Obama
Consumers step up credit card use in May
Consumers increased credit card debt in May to the highest level since November 2007, though overall borrowing remains below pre recession peaks. The rise reflects temporary easing from weak hiring and wage growth rather than lasting confidence, with total borrowing at 2.57 trillion and auto and student loans driving most gains.
MENTIONED IN THIS ARTICLE
Washington
May
Paul Edelstein
IHS Global Insight
Federal Reserve
Global warming raises Texas heat wave odds in La Nina years
Studies analyzed Texas climate during La Nina patterns and compared 1960s three-year runs with 2011-like 2008. They found global warming increased the chance of a record Texas heat wave by about twentyfold, while Bangkok floods showed no such change.
MENTIONED IN THIS ARTICLE
New York
Texas
Bangkok
England
Tom Peterson
National Oceanic and Atmospheric Administration
Bulletin of
The
American Meteorological Society
Oregon State University
Central
Pacific Ocean
United States
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NMLS
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Sam Buki
Eun
North Tom Green
Kim
Pandora
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42Nd St
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Lory Orig
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