One month remains until all of the Bush-era tax cuts are scheduled to expire, along with Obama stimulus measures like the payroll-tax holiday — just as the government prepares to make deep cuts in federal spending (known as sequestration) that were negotiated as part of a 2011 deal to raise the federal debt ceiling. The Congressional Budget Office has predicted that taking more than $500 billion out of a still lukewarm economy through tax increases and spending cuts would probably put the economy back into recession.
PENDLETON — Moments after giving birth last Friday, Kimberly Weathers cradled her tiny son in her arms and cried. Pistol Tuff Weathers, red-faced and trembling, was nothing less than a miracle. Nine months ago, Kimberly had an idyllic life — a spouse who loved her, two active sons, a thriving business and her health. She and husband Bill rejoiced when they discovered Kimberly was pregnant… ... more