WHUT Newsline January 2, 2013
Couples that earn 450,000 or more. It maintains tax cuts for the middle class. The bill postpones by two months major spending cuts scheduled to start on wednesday. House Democratic Leader Nancy Pelosi called for a bipartisan agreement to head quickly to a vote. But House Speaker john boehner said many republicans are unhappy and want to rework the bill. Theyre calling for more cuts to social security. That could set up a showdown with the senate and risk turmoil on financial markets. Irans navy conducted a sixday drill near the strait of hormuz in the persian gulf. Its the countrys latest sho...