Capitol budget clashes threaten 85 billion in automatic cuts
Negotiators from both parties discuss capital gains relief and higher taxes for the wealthy as they seek a deficit plan before Monday. Democrats push a 30 percent exclusion with a higher top rate. Republicans seek 40 percent exclusion with a 31 percent top rate. An 85 billion automatic cut looms, threatening hundreds of programs though Social Security and military pay are spared. Over 1 million federal workers face furloughs as stopgap spending debates continue.
MENTIONED IN THIS ARTICLE
Bush
Congress
Social Security Administration
Campbell Gardett
House
Bill Frenzel
R-Minn
Jefferson
Benefit concert canceled by theater access issue in Los Angeles
A benefit concert for abortion rights candidates featuring Bonnie Raitt Robin Williams Rickie Lee Jones and Melissa Etheridge was canceled after the Veterans Administration said its Wadsworth Theater could not be used. Organizers hoped to raise 200000 from an invitation-only event run by the Hollywood Women’s Committee, which had UCLA permission as a private fundraiser. Margery Tabankin expressed shock at the abrupt cancellation.
MENTIONED IN THIS ARTICLE
Los Angeles
Bonnie Raitt
Robin Williams
Veterans Administration
Rickie Lee Jones
Melissa Etheridge
Margery Tabankin
Hollywood Women’s Committee
Tabankin
Wadsworth Theater
University of California, Los Angeles
Economists weigh words as recession debate grows
Washington economists say the word recession is loaded and may spur panic even as data show weak growth. Experts cite past euphemisms such as banana and downturns while noting policy makers avoid definitive labels and focus on pocketbook effects and future indicators.
MENTIONED IN THIS ARTICLE
Washington
Georgia State University
Donald Ratajczak
Bush
Alfred Kahn
Cornell University
Kahn
Carter
Council On
Stuart Eizenstat
Georgia
Ratajczak
Bob Diek
Northern Trust Co
Chicago
White House
Marlin Fitzwater
Fitzwater
Commerce Department
Walker Gibson
Alan Greenspan
Federal Reserve Board of Governors
Gibson
National Council of Teachers of English
Greenspan
Congress
Richard Rahn
U.S. Chamber of Commerce
Rahn
Also Mentioned on This Page
UCLA
RCA
Magnavox
Dillard’s
Dillard's
Sony
JVC
Panasonic
Yamaha
Southwestern Bell
Qualitty
Dillard
Videolink
Southwestern Bell Freedom Phone
Eva Aesha
Universal
Dillard's Dillard’s
Dillard's Charge
Visa
MasterCard
American Express Discover
Diner's Club
Sony Answering Machine
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