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WASHINGTON (AP) - There's no word on when President Barack Obama will sign the bill that staves off the "fiscal cliff" of across-the-board tax increases and cuts in domestic programs.
After Congress passed the bill last night, Obama left for Hawaii to complete his holiday break. Obama can sign the bill remotely using a machine called an "autopen," or the bill can be flown to Hawaii for his signature.
The president is warning Congress that it now must tackle raising the debt limit.
Meanwhile, don't look for a bigger paycheck despite the "fiscal cliff" deal. The bill passed by Congress does not include extending a Social Security payroll tax cut past the end of last year, so workers will now be paying about two percent more in Social Security taxes.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Posted: 05/08/13 - The Sherman Public Library is very excited about our upcoming Summer Reading Club for children and teens. Children ages birth-11 can Dig into Reading and join the Youth Summer Reading Club. The theme for the Teen Summer Reading Club this year is Beneath the Surface and it is open to teens ages 12-18. Read More
Posted: 05/07/13 - DURANT, Okla. – Regent Terry Matlock will deliver remarks at Southeastern Oklahoma State University’s Spring Commencement, scheduled for Saturday, May 11, at Paul Laird Field. The ceremony (for all schools) will begin at 10 a.m. A reception will follow at 11:30 a.m. in the Visual & Performing Arts Center. Read More
Posted: 05/06/13 - SHERMAN, TEXAS—Members of the Austin College Class of 2013 are counting down the days until graduation—with both excitement and trepidation. Austin College President Marjorie Hass will present diplomas to more than 340 bachelor’s degree candidates and 18 Master of Arts in Teaching degree candidates who will take part in graduation events May 18 and 19 on campus. Read More
