LITTLE ROCK (Arkansas News Bureau) — As the U.S. House prepared to meet Sunday for a
last-ditch effort to avoid the New Year's Eve "fiscal cliff," members of
Arkansas' congressional delegation differed on the likelihood of a
successful resolution to the current budget impasse.
Friday, U.S. Sen. Mark Pryor, D-Ark., said he was optimistic about the
chances for a meaningful agreement, while U.S. Rep. Steve Womack,
R-Rogers, said avoiding the fiscal cliff appeared unlikely. Others in
the delegation fell somewhere in between.
If a budget agreement is
not reached by midnight on New Year's Eve, a series of automatic tax
increases and budget cuts will be triggered that, according to the
Congressional Budget Office, could lead to a mild recession in the first
half of 2013. Households would see an average federal tax increase of
$3,446, and most federal departments would share in a $110 billion
spending cut — including about a 9 percent to the military's budget.
Click here for more on this story from the Arkansas News Bureau.
The House Judiciary Committee is preparing to vote on its first immigration bill this year, a tough enforcement measure giving state and local officials new powers to act against people here illegally.More >>
A key committee in the Republican-led House is preparing to cast its first votes on immigration this year, on a tough enforcement-focused measure that Democrats and immigrant groups are protesting loudly.More >>
Texas Gov. Rick Perry is courting Connecticut gun manufacturers, extolling the tax policies and regulatory climate of his state.More >>
Texas Gov. Rick Perry extolled the tax policies and regulatory climate of his state as he courted Connecticut gun manufacturers that have threatened to leave since the state passed new gun-control laws this year in response...More >>
The leaders of major economic powers are declaring themselves dedicated to a political solution to Syria's bloody civil war, even as President Barack Obama and Russian President Vladimir Putin stake out...More >>
Hunting for a glimmer of common ground, the leaders of major economic powers are declaring themselves dedicated to a political solution to Syria's bloody civil war, even as President Barack Obama and Russian President...More >>
NSA leaker Edward Snowden is defending his disclosure of top-secret U.S. spying programs in an online chat with The Guardian and attacking U.S. officials for calling him a traitor.More >>
President Barack Obama defended top secret National Security Agency spying programs as legal in a lengthy interview Monday, and called them transparent - even though they are authorized in secret.More >>
The Obama administration won't welcome the election of a relative moderate as Iran's next president with any new nuclear offer. A State Department spokeswoman says it's up to Tehran to compromise.More >>
President Barack Obama said Monday that Iran's election of a relative moderate shows that the country's people want to change course. But he stressed that Tehran still needs to show the international community that...More >>
Texas Gov. Rick Perry has come to Connecticut in search of gun manufacturing and other jobs while talking up the importance of competition.More >>
The governors of Texas and South Dakota visited Connecticut on Monday to court gun manufacturers that have threatened to leave since the state passed tough new gun-control laws this year in response to the massacre at Sandy...More >>