The Norman Transcript

Headlines

November 29, 2012

Obama wants to avoid fiscal cliff

NORMAN — Rep. Tom Cole ready to go along with most of plan

WASHINGTON — The White House and a key congressional Democrat hinted at fresh concessions on taxes and cuts to Medicare and other government benefit programs Wednesday as bargaining with Republicans lurched ahead to avoid the year-end “fiscal cliff” that threatens to send the economy into a tailspin.

Increasing numbers of rank-and-file Republicans also said they were ready to give ground, a boost for House Speaker John Boehner and other party leaders who say they will agree to higher tax revenues as part of a deal if it also curbs benefit programs as a way to rein in federal deficits.

“I’ll go anywhere and I’ll do whatever it takes to get this done,” President Barack Obama said as he sought to build pressure on Republicans to accept his terms — a swift renewal of expiring tax cuts for all but the highest income earners. “It’s too important for Washington to screw this up.”

For all the talk, there was no sign of tangible progress on an issue that marks a first test for divided government since elections that assured Obama a second term in the White House while renewing Republican control in the House.

“It’s time for the president and Democrats to get serious about the spending problem that our country has,” Boehner said at a news conference in the Capitol. He, like Obama, expressed optimism that a deal could be reached.

At the same time, he publicly disagreed with one GOP lawmaker, Rep. Tom Cole, of Oklahoma, who said he was ready to go along with Obama’s plan to renew most but not all of the expiring income tax cuts.

“It’ll hurt the economy” to raise rates for anyone, Boehner said.

Separately, at a closed-door meeting with the rank and file, the speaker told fellow Republicans they are on solid political ground in refusing to let tax rates rise. He circulated polling data showing the public favors closing loopholes to raise revenue far more than it supports raising rates on incomes over $250,000.

Text Only | Photo Reprints
Headlines
  • Water carry 5 Water Walk opens discussion about difficulties in obtaining safe H2O

    With large white plastic buckets upon their heads, two gallons of water sloshed to the brim and over the side, but the students trudged on down the South Oval. The farthest feat was to the Seed Sower, and as the sun glared down, heat ...

    April 23, 2014 1 Photo

  • Council OKs $48.8M contract for wastewater plant upgrades

    The Norman City Council awarded a $48.8 million project for wastewater treatment plant upgrades Tuesday. The council accepted a $50.3 million low-interest loan from the Clean Water State Revolving Fund....

    April 23, 2014

  • Transportation officials find more cracks in Lexington-Purcell bridge, but repairs on track

    State transportation officials announced Tuesday that additional repairs are needed in at least 96 places on the Lexington-Purcell bridge before it can be opened....

    April 23, 2014

  • Stacy Ford named 2014 Norman schools Teacher of the Year during banquet

    Stacy Ford, Kennedy Elementary librarian, was named 2014 Norman Public Schools Teacher of the Year at the district’s annual Celebration of Excellence banquet Tuesday evening at the National Center for Employee Development....

    April 23, 2014

  • Okla. House defeats bond issue to repair Capitol

    OKLAHOMA CITY — The Oklahoma House has defeated legislation that would authorize up to $160 million in bonds to repair the state’s nearly 100-year-old Capitol....

    April 23, 2014

  • Fallin signs bill for Okla. trooper raises

    OKLAHOMA CITY — Gov. Mary Fallin has signed a bill that would give Oklahoma Highway Patrol troopers their first pay raise in seven years, although the pay increase won’t come unless money is included in a separate budget proposal....

    April 23, 2014

  • At mudslide scene, Obama mourns with survivors

    OSO, Wash. — Swooping over a landscape of unspeakable sadness and death, President Barack Obama took an aerial tour Tuesday of the place where more than three dozen people perished in a mudslide last month. He pledged a nation’s solidarity ...

    April 23, 2014

  • Blood drive planned Thursday

    Moore Norman Technology Center, 4701 12th Ave. NW in Norman, will host an Oklahoma Blood Institute public blood drive from 8:30 a.m. to 2:30 p.m. Thursday inside room A109 in the main building of MNTC’s Franklin Road campus.  The OBI is in ...

    April 23, 2014

  • Local student to attend arts camp

    Kate Kemmet, 15, of Norman, has been accepted and will attend Interlochen Arts Camp. Kemmet, the daughter of Rob and Lori Kemmet, will study musical theater at the Camp....

    April 23, 2014

  • Coalition seeks more jobs

    A coalition of groups that encourage employment of residents who have disabilities hopes to double the number of placed workers by next fall....

    April 23, 2014