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"Number one the debt ceiling increase," says Congressman Cooper. "Without that America is crippled and without that we shut down government and lower our credit rating."
Congressman Cooper says the country desperately needs to address that issue along with tax reform and entitlement spending. Both Tennessee Senators also discussed a need for entitlement spending control today. They're worried about the future when Medicare may not take in enough to pay its bills.
"The President needs to do as good a job letting the American people know about the Medicare fiscal cliff as he has done in persuading the American people that it's a good idea to tax the rich," says US Senator Lamar Alexander.
Both Senators are now sponsoring a bill that would tie an increase in the debt ceiling to spending cuts for programs like Medicare. Among their proposals to make those cuts: raise the Medicare eligibility age incrementally from 65 to 67 by the year 2027.
Saturday, December 29 2012, 05:57 PM CST
Body found in Percy Priest Lake
May 25, 2013 20:14 GMT
SMYRNA, Tenn. (AP) -- Authorities say a body has been found in Percy Priest Lake in Middle Tennessee.
WSMV-TV (http://bit.ly/16gYKys) reports officials with Metro Police, the Office of Emergency Management and Tennessee Wildlife Resources Agency were at the scene Saturday at Hole In The Wall Island. The body was reported to authorities about 11 a.m.
TWRA officials say they believe the deceased man is a boater who disappeared in the lake two weeks ago.
Police said the agencies coordinated with each other to get a boat in the water and recover the body.
Information from: WSMV-TV, http://www.wsmv.com/
US durable goods orders rise 3.3 percent in April
WASHINGTON (AP) -- U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for military and civilian aircraft and an increase in business investment.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
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By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: RESTAURANT FLAP LEADS TO INTERNET MELTDOWN
SCOTTSDALE, Ariz. (AP) -- It isn't exactly to curry favor with your restaurant customers -- even if your specialty isn't curry.