The Norman Transcript

Headlines

December 30, 2012

Fiscal cliff approaching

WASHINGTON — Senate leaders groped for a last-minute compromise Saturday to avoid middle-class tax increases and possibly prevent deep spending cuts at the dawn of the new year as President Barack Obama warned that failure could mean a “self-inflicted wound to the economy.”

Obama chastised lawmakers in his weekly radio and Internet address for waiting until the last minute to try and avoid a “fiscal cliff,” yet said there was still time for an agreement. “We cannot let Washington politics get in the way of America’s progress,” he said as the hurry-up negotiations unfolded.

For all the recent expressions of urgency, bargaining took place by phone, email and paper in a Capitol nearly empty except for tourists. Alone among top lawmakers, Senate Republican leader Mitch McConnell spent the day in his office.

In the Republicans’ weekly address, Sen. Roy Blunt of Missouri cited a readiness to compromise. “Divided government is a good time to solve hard problems — and in the next few days, leaders in Washington have an important responsibility to work together and do just that,” he said.

Even so, there was no guarantee of success, and a dispute over the federal tax on large estates emerged as yet another key sticking point alongside personal income tax rates.

In a blunt challenge to Republicans, Obama said that barring a bipartisan agreement, he expected both houses to vote on his own proposal to block tax increases on all but the wealthy and simultaneously preserve expiring unemployment benefits.

Political calculations mattered as much as deep-seated differences over the issues, as divided government struggled with its first big challenge since the November elections.

Speaker John Boehner remained at arms-length, juggling a desire to avoid the fiscal cliff with his goal of winning another term as speaker when a new Congress convenes next Thursday. Any compromise legislation is certain to include higher tax rates on the wealthy, and the House GOP rank and file rejected the idea when he presented it to them as part of a final attempt to strike a more sweeping agreement with Obama.

Text Only | Photo Reprints
Headlines
  • Tornado Repair Oklahoma officials account for $9.4M in disaster spending

    OKLAHOMA CITY — Nearly a year after deadly tornadoes hit central Oklahoma, officials announced that they have spent close to $9.4 million in private donations on relief efforts....

    April 24, 2014 1 Photo

  • Moore schools receive $500K

    As Mickey Davis addressed the auditorium, the picture of a bright-eyed, happy 8-year-old on the podium in front of her could not be ignored. Davis’ son, Kyle Davis, was one of seven who lost their lives in the May 2013 tornadoes at Plaza ...

    April 24, 2014

  • Man arraigned after wife’s death

    A judge on Wednesday denied bond for a 37-year-old Norman man formally charged with stabbing his wife to death with a kitchen knife early Saturday morning in their southeast Norman apartment. Abid Sandhu, 37, was arraigned before Special ...

    April 24, 2014

  • Earth Day activities continue this week

    Oklahoma is no stranger to extreme weather, but many say those extremes are even greater than before. Norman resident and biologist Kathy Rand is convinced those climate irregularities are a result of climate change caused by pollution, ...

    April 24, 2014

  • Oklahoma court rejects death-row inmates’ claims

    Oklahoma court rejects death-row inmates’ claims OKLAHOMA CITY — The Oklahoma Supreme Court has rejected claims by two death row inmates that they’re entitled to know the source of the drugs that will be used to kill them....

    April 24, 2014

  • School to present ‘Hamlet’

    To be or not to be? That is the question Norman North High School students are answering during their production of William Shakespeare’s “Hamlet” this week....

    April 24, 2014

  • Historic house celebrates centennial

    When Fredrick Holmberg arrived in Norman more than 100 years ago, he tucked his violin beneath his arm and headed for the University of Oklahoma campus.  A century later, another violinist, Cindy Zhang, will perform at the home Holmberg ...

    April 24, 2014

  • Dorman wants bipartisan appeal

    Rep. Joe Dorman said he’s proud to be a Democrat running for governor, but he hopes to garner bipartisan support. In a visit Wednesday to the Transcript, Dorman said, if elected, he wants to work across party lines like former Gove. Henry ...

    April 24, 2014

  • ‘Frozen’ to air Friday

    Movies on Main in Blanchard will host a showing of “Frozen” at 8 p.m. Friday. The evening will include hot dogs, chips, drinks, popcorn and free movie merchandise....

    April 24, 2014

  • Safety Town registration begins Saturday

    Saturday marks the beginning of registration for Safety Town classes at Sooner Mall. Safety Town, a 37-year Norman tradition, teaches children, ages 5 and 6, the importance of bicycle, fire and personal safety. Classes are 50 minutes long ...

    April 24, 2014