Hello there. Welcome to newsline. Its wednesday january 2nd. Im Catherine Kobayashi in tokyo. Politicians and pundits have warned for months of the dangers as the United States pushed closer to the fiscal cliff. They warned simultaneous tax increases and spending cuts would push the economy back into recession. Members of the Senate Passed a bill aimed at steering the country away from the edge. But lawmakers in the house of representatives say they dont like the deal. The senate sent the bill to the republicandominated house early on tuesday. It would raise taxes on people who made 400,000 or more and couples that earn 450,000 or more. It maintains tax cuts for the middle class. The bill postpones by two months major spending cuts scheduled to start on wednesday. House Democratic Leader Nancy Pelosi called for a bipartisan agreement to head quickly to a vote. But House Speaker john boehner said many republicans are unhappy and want to rework the bill. Theyre calling for more cuts to s
Hello there. Welcome to newsline. Its wednesday january 2nd. Im Catherine Kobayashi in tokyo. Politicians and pundits have warned for months of the dangers as the United States pushed closer to the fiscal cliff. They warned simultaneous tax increases and spending cuts would push the economy back into recession. Members of the Senate Passed a bill aimed at steering the country away from the edge. But lawmakers in the house of representatives say they dont like the deal. The senate sent the bill to the republicandominated house early on tuesday. It would raise taxes on people who made 400,000 or more and couples that earn 450,000 or more. It maintains tax cuts for the middle class. The bill postpones by two months major spending cuts scheduled to start on wednesday. House democratic leader ncy pelosi called for a bipartisan agreement to head quickly to a vote. But House Speaker john boehner said many republicans are unhappy and want to rework the bill. Theyre calling for more cuts to soc
Couples that earn 450,000 or more. It maintains tax cuts for the middle class. The bill postpones by two months major spending cuts scheduled to start on wednesday. House Democratic Leader Nancy Pelosi called for a bipartisan agreement to head quickly to a vote. But House Speaker john boehner said many republicans are unhappy and want to rework the bill. Theyre calling for more cuts to social security. That could set up a showdown with the senate and risk turmoil on financial markets. Irans navy conducted a sixday drill near the strait of hormuz in the persian gulf. Its the countrys latest show of strength amid sanctions and criticism by the u. S. And europe over its nuclear development. The iranian navy launched missiles called ghader on tuesday successfully destroying its targets at sea. Military analysts say the weapon was recently developed to attack foreign warships deployed in the persian gulf. The navy has been holding the drill from the strait of hormuz to the northern part of
Largest Business Organization has urged the government to raise the consumption tax again, as a way to ensure fiscal stability. Attempts by police in hong kong to end prodemocracy rallies have hit a roadblock. The police cleared one of the three main streets in downtown areas that had been occupied by protesters for almost three weeks. But soon afterward the demonstrators resumed their sitin on one of the roads. A large number of police removed barricades and tents on the main road in kowloon early friday morning. The dawn wave met little resistance. There were only a small number of students at the site at the time. Traffic began to move freely along the street again. But soon afterward more than 100 protesters, including students, began a sitin. Hong kongs chief executive Leung Chunying said protesters are ready to meet with students as early as next week. But the protesters say if the authorities evict them before the talks it would reveal the government insincerity. The protest lea
The virus from spreading. Good evening, im gwen ifill. And im judy woodruff. Also ahead this thursday, hbo decides to cut the cord and let consumers pay for streaming content without a cable subscription. Ifill with record numbers of homeless teens enrolled in americas Public Schools, one student defies the odds to become High School Valedictorian and enroll at tone of the most prestigious universities in the country. I still see that picture in my head of me having my own house and you know having my degrees on the wall, having a job to go to from 9 00 to 5 00, having a consistent paycheck, paying my own bills and just being the woman that i always wanted to be. Woodruff plus, fifty years after the Free Speech Movement began in berkeley, california, activists and students try to keep the past alive and relate it to the present. Woodruff those are some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by supported by the john d.