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Cliff, end quote. Heres what he was describing on january 1, 2013, tax breaks worth 416 billion will expire. Spending on things like defense, medicare payments to doctors will be slashed by 65 billion. Add it all up and you are talking about cutting roughly half a trillion dollars from the federal budget. The Congressional Budget Office and others warn going over the cliff will send the economy into a recession in the first half of next year. It was congress and the white house that set the deadline in hopes of forcing each other to cut the federal budget deficit and begin to address the growi...

Of the coming cliff and whether congress and the white house can strike a deal. Tom that and more tonight on n. B. R. it was the chairman of the Federal Reserve ben bernanke who first called it a fiscal cliff. He described the coming automatic cuts in Government Spending and increases in taxes as, quote, a massive fiscal cliff, end quote. Heres what he was describing on january 1, 2013, tax breaks worth 416 billion will expire. Spending on things like defense, medicare payments to doctors will be slashed by 65 billion. Add it all up and you are talking about cutting roughly half a trillion dol...

Every time there is a rapid increase in rates, something “breaks” in the economy, causing a lot of stress and slowing growth.

100 years of Seattle complaints: Seattle has been dying for a long time May 18, 2021 Seattle is dying. Now. Then. Always. We take a look at how every generation gripes about losing their nostalgic 'Old Seattle.' Plus, a recap on Governor Inslee's signing ceremony, which includes some surprise -- and controversial -- vetoes. Lastly, the latest of our ongoing weekly conversations with candidates running for Seattle mayor. Individual segments are available in our podcast stream or at www.kuow.org/record. Governor Inslee vetoes the legislature's 'grand bargain' in climate bills Three climat...

Former council president Bruce Harrell announces run for Seattle mayor KIRO 7 News Staff, Essex Porter Former City Council member Bruce Harrell announced his bid today with some unusual approaches to some of the city’s most difficult problems. Harrell was interim mayor for a few days in 2017 when Ed Murray resigned. Now he says he wants to lead a Seattle revival. “Look at what Seattle has become,” he said at his news conference. Harrell spent 12 years on the City Council before declining to run for reelection in 2019. Now he sees a city whose economy has been battered by...