Well, even santa claus is upset. Santa claus showed up on capitol hill wednesday, urging congress and the white house to strike a deal to avoid the looming fiscal cliff before christmas. Its discouraging that our elected leadership in congress cant come together to get the job done for the american people. Reporter both sides say its putting a damper on the holidays. I think its going to be extremely difficult to get it done before christmas. . In anticipation, there is no agreement. Congressional leaders told lawmakers not to make Holiday Travel plans. Were going to stay here right up until christmas eve, throughout the time and period before the new year because we want to make sure that we resolve this in an acceptable way for the american people. President obama and House Speaker john boehner continue to talk. But weve got serious differences. Those differences are already affecting americans. Fed chairman ben bernanke says just the threat of the fiscal cliff is dragging down the e
Hee idea is to give business, investors, and families a little more certainty about what to expect. And heres wyatt andrews. Reporter the announcement means the cost of borrowing will e ay near zero until the economy creates at least one million jobs. Ategyhairman ben bernanke said the employment target is a better signal to investors and the public of just how long Interest Rates will stay low. A strategy that we believe ill help support household and Business Confidence and spending. Reporter to control Interest Rates, the fed plans to buy 85 eellion worth of bonds every ownth, 45 billion in treasury bills, 40 billion worth of hinggage bonds. The mortgage buying program has already driven rates to historic lows and driven up Mortgage Applications by 10 . But bernanke says the economy afeds more confidence now because of the uncertain fiscal cliff negotiations in unshington. And the harm from the fiscal cliff wont just happen in the enedre. Bernanke said thats happening now. Its alrea
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Jim Rudisill
for The Hawk Eye
COLUMBUS JUNCTION The low bid for a previously approved asbestos abatement project for the Columbus School District’s secondary building campus will mean nearly $17,600 in savings, the school board learned Monday.
District business manager Neil Mills said Shive-Hattery Associates, Cedar Rapids, which is serving as the engineering consultant for the project, had reported receiving four bids for the summer project.
Iowa-Illinois Taylor Insulation, Inc, Davenport, had submitted a low bid of $37,403. The construction budget had been set at $55,000 and approved in May by the board.
According to Shive-Hattery’s bid tabulation, asbestos will be abated from pipe fittings and insulation, wall gaskets, floor tile and mastic. New pipe insulation also will be installed.