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Transcripts For KPIX CBS 5 Eyewitness News At 5AM 20130102

Raising taxes to give the president more money to spend. Reporter president obama ahead promised to work with congress to find more spending cuts in the future. But he urged them not to play politics with the nations debt limit. I will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. Reporter treasury secretary Timothy Geithner has warned congress that the country is just a few months away from defaulting on its loans for the first time in u. S. History. The consequences for the entire Global Economy would be catastrophic far worse than the impact of a fiscal cliff. Reporter but Many Republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nations debt. The bill now g ....

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"If it's been this way for a hundred years, why would we change it now?"

Cliff Green, a mechanic at the Black Butte Coal mine in Kemmerer, Wyo., regarding his belief in the resiliency of the coal industry despite the push toward renewable energies. Green was laid off just a few weeks before Christmas last year, which has been a common trend in the industry. Eleven coal power plants in Wyoming are set to be decommissioned or converted to natural gas in the next 15 years. (NPR March 28, 2024) ....

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