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“No real spending cuts. No real deficit reduction. No acknowledgement of America’s out-of-control national debt. This is a popular vote today, but it will harm America in the long run. It is good to see a return to bipartisanship, but not when it makes our fiscal problems worse.
“Congress is missing the chance of the decade to adopt a large, balanced deficit reduction plan such as Simpson-Bowles that combines tax relief with controlling federal spending.
“In just a few weeks, America will face another debt-ceiling crisis as well as sequestration. Today’s fiscal Band-Aid may feel good now, but its relief will not even last until spring.”
Cooper has long favored a balanced, bipartisan approach to tackling the national debt and fiscal cliff. He and U.S. Rep. Steve LaTourette (R-OH) introduced the only bipartisan budget last spring, based on recommendations from the Simpson-Bowles fiscal commission.
The Cooper-LaTourette budget was the only budget plan to receive bipartisan support in the House last year, and was widely praised by editorial boards across the country. Cooper and LaTourette were honored by the Concord Coalition in September 2012 for their political leadership and work to reduce the debt.
Tuesday, January 1 2013, 11:17 PM CST
Pipeline work can continue at state natural area
May 24, 2013 11:16 GMT
NASHVILLE, Tenn. (AP) -- Tennessee environmental officials have given Piedmont Natural Gas permission to resume drilling on a Nashville pipeline project.
Work was halted on May 11 when a mixture of bentonite clay and water spilled from a drill into Otter Creek at the Radnor Lake State Natural Area.
The mud was later scraped out of the creek using buckets and hand tools.
Meredith Benton, a spokeswoman for the Tennessee Department of Environment and Conservation, told The Tennessean (http://tnne.ws/199LA54 ) that Piedmont agreed to 11 new terms and conditions to prevent a recurrence of the spill.
Those include creating a pit to capture any spilled slurry and daily water quality monitoring.
Benton said the department has not decided whether to issue fines or citations.
Information from: The Tennessean, http://www.tennessean.com
Asia stocks extend losses after big sell-off
BANGKOK (AP) -- Asian stocks continued to retreat today after being routed the day before by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
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.