Originally published on Tue January 1, 2013 10:39 am
A compromise deal to stop broad spending cuts and tax increases is headed to the House of Representatives, after receiving strong support in the Senate. Rep. Tom Cole, R-Okla., talks with Steve Inskeep about a possible House vote on the "fiscal cliff" deal.
Cole, the House deputy majority whip who also serves on the Appropriations Committee, says he expects the House to approve the Senate bill, calling it "a pretty big win."
President Barack Obama and Vice President Joe Biden make a statement regarding the passage of the fiscal cliff bill in the Brady Press Briefing Room at the White House late Tuesday evening.
Credit J. Scott Applewhite / AP
House Speaker John Boehner of Ohio arrives on Capitol Hill on Tuesday as legislation to negate a fiscal cliff of across-the-board tax increases and sweeping spending cuts moves to the GOP-dominated House.
Originally published on Wed January 2, 2013 2:23 am
The House of Representatives voted 257-167 late Tuesday to pass a Senate-approved compromise deal that stops large tax increases for 99 percent of Americans, and delays massive spending cuts for two months.
The bill now goes to President Obama, who is expected to sign it into law.
NPR's S.V. Date is reporting on the deal for our Newscast unit. Here's what he says:
"The eventual deal was hammered out by Senate Republican Leader Mitch McConnell and Vice President Joe Biden. It passed the Senate with overwhelming, bipartisan support.
This New Year could mean a new cost for the craft store chain Hobby Lobby. The federal health care law requires employee insurance plans to cover emergency contraceptives. Hobby Lobby's owners did not want to do that. They say drugs commonly known by names like the morning-after pill are tantamount to abortion.
Now, the Supreme Court has turned aside Hobby Lobby's request to block the mandate. So, starting today, the company could be fined as much as $1.3 million per day for defying the law.
Michigan's Lake Superior State University issued its annual list of annoying expressions to banish. The list includes: trending, bucket list, kick the can down the road and spoiler alert. The top one to ban: fiscal cliff.
In Seguin, Texas, a December city council election ended in a tie. Both candidates received 141 votes. So it was up to the mayor to settle things. The law gave him some options such as drawing straws or tossing dice. He chose: coin toss.
The past year has seen more debate about the best way to find breast cancers.
A recent analysis concluded that regular mammograms haven't reduced the rate of advanced breast cancers — but they have led more than a million women to be diagnosed with tumors that didn't need to be treated.
It has been a busy year in Mexico's war on drugs. The administration of former President Felipe Calderon struck major blows to the country's largest cartels, slowing the violence that has claimed more than 50,000 lives.
But the new president, Enrique Pena Nieto, says he'll change tactics. He wants to go after the crime associated with drug trafficking instead of taking down crime bosses. His new attorney general says this is the right strategy, since the number of crime gangs working in the country has grown significantly.
Every year, banks handle tens of millions of transactions. Some of them involve drug money, or deals with companies doing secret business with countries like Iran and Syria, in defiance of trade sanctions.
But if the Justice Department has its way, banks will be forced to change — to spot illegal transactions and blow the whistle before any money changes hands.
Federal prosecutors have already collected more than $4.5 billion from some of the world's biggest financial institutions — banks charged with looking the other way when dirty money passed through their accounts.