Deep Spending Cuts Pose A New Threat To US Economy
WASHINGTON (AP) — Just as the U.S. economy is making progress despite Europe’s turmoil, here come two new threats. A congressional panel is supposed to agree by Thanksgiving on a deficit-reduction package of at least $1.2 trillion. If it fails, federal spending would automatically be cut by that amount starting in 2013. Congress may also let emergency unemployment aid and a Social Security tax cut expire at year’s end. Either outcome could slo...
Smoke settles in Reno after wind-whipped wildfire
RENO (AP) — A cloud of grayish-white smoke settled over upscale homes and horse pastures on the edge of Reno on Friday as firefighters from across Nevada came close to taming a sudden wildfire that sent 16 people to area hospitals for treatment, many for smoke inhalation, and destroyed at least 20 houses. Authorities said the worst was likely over, with the blaze likely contained, but warned a change in the furious northern winds could refuel ...