The Free Press, Mankato, MN

State, national news

December 28, 2012

Fiscal cliff: the options for what could happen

(Continued)

Republican and Democrats alike say they are doing what the voters back home want.

Neither side has a clear advantage in public opinion. In an Associated Press-GfK poll, 43 percent said they trust the Democrats more to manage the federal budget deficit and 40 percent preferred the Republicans. There's a similar split on who's more trusted with taxes.

About half of Americans support higher taxes for the wealthy, the poll says, and about 10 percent want tax increases all around. Still, almost half say cutting government services, not raising taxes, should be the main focus of lawmakers as they try to balance the budget.

When asked about specific budget cuts being discussed in Washington, few Americans express support for them.

___

THE COUNTDOWN

Time for deal-making is short, thanks to the holiday and congressional calendars. Some key dates for averting the fiscal cliff:

— Lawmakers didn't begin returning to the Capitol until Thursday, leaving less than a week to vote on a compromise before year's end.

— Obama returned Thursday from his Christmas vacation in Hawaii. The president asked congressional leaders to the White House Friday to try to resolve the fiscal cliff.

— If lawmakers reach Dec. 31 without a deal, some economists worry that the financial markets might swoon.

— The current Congress is in session only through noon Eastern time on Jan. 3. After that, a newly elected Congress with 13 new senators and 82 new House members would inherit the problem.

___

Associated Press writers Jim Kuhnhenn, Alan Fram and Andrew Taylor and Director of Polling Jennifer Agiesta contributed to this report.

___

Follow Connie Cass on Twitter: http://www.twitter.com/ConnieCass

Text Only | Photo Reprints
State, national news
  • Attorney general sues 2 Minn. colleges ST. PAUL, Minn. (AP) — Minnesota's attorney general has filed a lawsuit against two colleges, accusing the schools of misleading criminal justice students about their ability to land a job in their field and about transferring credits to other instit

    July 22, 2014

  • sniper wife pic Jurors start considering Ventura case ST. PAUL — An attorney for Jesse Ventura asked a federal jury Tuesday to award the former Minnesota governor millions of dollars in damages for what he claimed is a lie in a memoir by the late military sniper Chris Kyle. Ventura testified during the

    July 22, 2014 2 Photos

  • Target debuts shopping app "In a Snap" will recognize images

    July 22, 2014

  • Feds to monitor Newark police Probe found pattern of unconstitutional policing

    July 22, 2014

  • Thousands without power due to storms MCGREGOR (AP) — Thousands of Minnesotans are without electricity after powerful storms moved through central and northeastern Minnesota. Strong winds of 50 to 70 mph knocked down trees and power lines overnight Monday. Minnesota Power and Lake Count

    July 22, 2014

  • Ellison urges Minn. to aid Central American minors ST. PAUL, Minn. (AP) — A Minnesota congressman is leading efforts to bring more unaccompanied children fleeing Central America to the state. But, immigration advocates and nonprofit groups that serve refugees are concerned Minnesota might not be abl

    July 22, 2014

  • Detroit retirees back pension cuts by a landslide DETROIT (AP) — A year after filing for bankruptcy, Detroit is building momentum to get out, especially after workers and retirees voted in favor of major pension changes just a few weeks before a judge holds a crucial trial that could end the largest

    July 22, 2014

  • Closings set in Ventura's suit over sniper's book ST. PAUL, Minn. (AP) — Closing arguments are set in former Minnesota Gov. Jesse Ventura's defamation lawsuit against the estate of "American Sniper" author Chris Kyle. The case is expected to go to the federal jury in St. Paul after lawyers for both

    July 22, 2014

  • American Jews, other 'lone soldiers' serve Israel The two Americans killed in fighting in the Gaza Strip followed in the footsteps of scores of Jews from around the world who have volunteered to fight for Israel. Israel calls them the lone soldiers: They are men and women in the prime of their live

    July 22, 2014

  • 9 TC Rainbow stores to close Supermarkets to lose in Cottage Grove, Shoreview, Inver Grove Heights, Apple Valley, Blaine, Bloomington, Coon Rapids, Maple Grove and Savage

    July 21, 2014