CLEVELAND – Recently, East Cleveland City Council presented an ordinance to the City of Cleveland to start merger discussions. Cleveland City Council president Kevin Kelley rejected the proposal, but said he is still open to talks about a future merger. “Our Council will take no action under the conditions proposed by the East Cleveland City […]
ESPN reported on Tuesday at the Cavaliers and L. A. Lakers are in talks for a trade that would send disgruntled center Andrew Bynum back to the Lakers in exchange for forward Pau Gasol. Although no deal is believed to be imminent, the two sides would likely want to complete something before the Jan. […]
STRONGSVILLE, Ohio – Strongsville Mayor Tom Perciak said the ongoing teachers strike has him concerned about safety, first and foremost. Perciak told NewsChannel5 he is ready to help resolve the strike in any way he can, and doesn’t agree with the teachers’ decision to leave the bargaining table and walk onto the picket line. “I’ve […]
WASHINGTON — A high-stakes, multi-layered game of chicken is underway in the Capitol, as House Republicans grapple with how to handle a fiscal cliff bill sent their way by an overwhelming bipartisan vote, even while it’s wildly unpopular within their conference. A vote that had been scheduled on the bill immediately to follow a conference-wide […]
WASHINGTON — The United States government will miss the end of the year deadline to resolve the so-called fiscal cliff, House Republicans conceded on Monday afternoon. The House of Representatives will adjourn December 31 without voting on a bill to delay the impending tax hikes and spending cuts that will take start to take place […]
WASHINGTON — With hours remaining to avert the so-called fiscal cliff, President Barack Obama said a deal is “within sight” and urged lawmakers to come together to avert automatic tax hikes and spending cuts that kick in on Tuesday. But his midday press conference, with a group of middle-class Americans looking on, was not without […]
WASHINGTON — The preliminary fiscal cliff deal being negotiated by Senate Minority Leader Mitch McConnell (R-Ky.) and Vice President Joe Biden would achieve up to $790 billion in revenue over the next decade. Some of that money would be offset by extensions of tax credits and other stimulative policy, leaving roughly $715 billion in debt […]
WASHINGTON — Senate Majority Leader Harry Reid accused the House of Representatives Thursday of being a “dictatorship” — albeit an extremely poor one. Reid (D-Nev.) took to the Senate floor to declare his frustration with the other chamber as the deadline to deal with the so-called fiscal cliff rapidly approaches. Reid argued that House Speaker […]
President Barack Obama announced on Friday he is still “ready and willing” to get a package done to avert the fiscal cliff, the latest development in an ongoing battle to reach an agreement to avert the fiscal cliff before the new year. “As of today I am still ready and willing to get a comprehensive […]
CLEVELAND, OH (WOIO) – With the fiscal cliff looming dozens are protesting possible cuts to Social Security, Medicare, and Medicaid here in Cleveland. A small group of protestors gathered at the free stamp to put the pressure on Washington. “The cuts are going to hurt the middle class families and we don’t need to see them,” […]
WASHINGTON — Dire headlines about the ongoing “fiscal cliff” debate might give the impression that the country is destined for a harrowing economic jolt. But buried in the stories and slightly visible behind the public posturing, signs are emerging that a deal is possible. House Republican leaders on Monday presented a plan to the White […]
(CNN) – The company that makes Twinkies, Ho-Ho’s and Wonderbread is officially a bust. A federal bankruptcy judge finalized the liquidation of Hostess Brands, the company that makes the iconic baked goods. As part of the judgment, senior executives involved in winding down the company will receive bonuses ranging from $7400 to more than $130,000. […]