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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 18, 2010
Page
3
North Korea warned South Korea against live artillery drills on Yeonpyeong island as Seoul plans a one day drill between Saturday and Tuesday. The North threatened harsher retaliation after last month’s shelling that killed four South Koreans.
President Obama signs a sweeping two year 858 billion tax package extending Bush era cuts for all taxpayers preserving rates for the wealthy while adding 13 months of unemployment benefits and a payroll tax cut to boost the economy. The measure faces deficit concerns and reflects a rare bipartisan moment in a divided Congress.
The new tax package cuts Social Security taxes next year and extends most cuts for two years. It offers child tax credits and college deductions, plus savers and transit breaks. Estimated savings vary by income, with families at middle to high levels seeing substantial reductions.
Democrats press to ratify the New START treaty with Russia and end the militarys ban on openly gay service members as Congress races to close out the year. Obama also seeks to extend tax cuts and unemployment benefits before Republicans take control in January.
The CIA removed its Islamabad station chief amid a leak controversy as 54 militants were killed in three U S drone strikes near the Afghan border. The U S and Pakistan face rising tensions over unacknowledged drone campaigns and civilian casualties.
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