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George Noorey
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Now it's hoped congress can reach a scaled back agreement that would extend the tax cuts for households earning less than 250-thousand dollars.

 

The sticking point is taxes.  Republicans want all the tax cuts continued.  Democrats want those earning more than 250-thousand dollars to return to the tax rates of the 1990's.

 

Financial advisor Troy Reinahrt with Northwest Quadrant Management, says if agreement isn't reached, a lot of people will be hurt.

 

"If you take all the taxes that are going to get raised on the middle class and rich and all the federal spending cuts, it will be a three and a half to five percent drag on the economy.  When the economy is only growing at three percent, it will cause us to go into recession."

 

President Obama and congressional leaders are back in Washington trying to work out a deal before the end of the year.

 

Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
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