Page 9 - Vincent Smith News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Aspeared the bill was headed for defeat. House republicans did not want to raise taxes without significant cuts in government spending. Theres no spending cuts. Were adding 4 billion a day to the debt. We feel like the senate bill failed miserably. Reporter but in tend, House Republicans decided not to drag out the fight any longer and risk taking the blame for massive tax hikes on nearly every american worker. Whats the alternative . The alternative is 4 trillion in tax hikes that hit the american people, market uncertainty. Reporter the bill shields people earning less than 4 400,000 a year....

Tragedy on the first day of the new year. And again, earlier this morning the suspect, by the way taken to the hospital. He is doing fine. He will be charged, though, im told for the death of the people and with possession of a firearm. A gun was found in in a car. Live in San Francisco, abc 7 news. Thank you very much. Another new years day tragedy happened during a walk on the beach. Coast guard rushed to help a couple and their dog swept into the water. Sadly one person did not survive. Wayne . Its a cold night for beaches. And hi waves. This is the situation out here in point reyes people ...

Thanks to the votes of democrats and republicans in congress. I will sign a law that raises taxes on the wealthiest 2 of americans while preventing a middle class tax hike that could have sent the economy back in a recession and obviously had a severe impact on families across america. The fiscal cliff avoided for now in one final late night vote in washington. Good evening. Happy new year. Im cheryl jennings. Dan ashley and Carolyn Johnson have the night off. It means most of us, most of us will avoid a big income tax hike. It came after a bitter debate, but as one republican congressman said...

Raising taxes to give the president more money to spend. Reporter president obama has promised to work with congress to find more spending cuts in the future. But he urge them not to play politics with the debt limit. I will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. Reporter treasury secretary Timothy Geithner has warned congress the country is just a few months away from defaulting on its loans for the first time in u. S. History. The consequences for the entire Global Economy would be catastrophic, far worse tha...

Good morning. Im john muller, in for rob nelson. And im paula faris. It turns out the congress had a bungee cord when they took the country over the cliff. The house has ended a bitter deal over a tax deal. Bringing the country back from the brink. Tahman bradley joining us with the new developments from washington this morning. Hi, tahman. Reporter all, paula and john. The country did technically go over the fiscal cliff. But congress has fixed the mess. What they passed is retroactive. So, 99 of americans will not see a change in their tax rate. They finally got it done. Congress ended the l...