President Barack Obama is telling congressional Republicans that he is still willing to reduce the deficit but only with a mix of increased taxes and reduced spending, an offer he made during budget talks that collapsed at the end of last year. Republicans say they reject raising more tax revenue.
In his State of the Union speech Tuesday night, Obama is reiterating his proposal to reduce spending by $900 billion and increase taxes by $600 billion through a tax overhaul. The combined $1.5 trillion in deficit reduction would also reduce government payments on the debt. Obama intends to use some of those savings to pay for initiatives meant to create jobs.
The $900 billion in cuts include reductions of $400 billion in spending on Medicare and other health care programs.
Sunday, May 19 2013 9:26 PM EDT2013-05-20 01:26:21 GMT
It's all about the odds, and one single ticket in Zephyrhills, Florida has beaten them all by matching all the numbers to win the highest Powerball jackpot in history at an estimated $590.5 million.
It's all about the odds, and one single ticket in Zephyrhills, Florida has beaten them all by matching all the numbers to win the highest Powerball jackpot in history at an estimated $590.5 million.
Sunday, May 19 2013 5:19 PM EDT2013-05-19 21:19:43 GMT
Hank Earl Carr
15 years ago the lives of Tampa Police detectives Randy Bell and Rick Childers, Florida Highway trooper James Crooks and 4-year-old Joey Bennett were cut short.
15 years ago the lives of Tampa Police detectives Randy Bell and Rick Childers, Florida Highway trooper James Crooks and 4-year-old Joey Bennett were cut short.
Sunday, May 19 2013 12:44 PM EDT2013-05-19 16:44:16 GMT
AP Photo
As many as 60 people were injured in Virginia Saturday when a car drove into a group of hikers marching in a parade. No fatalities have been reported, but injuries range from superficial to critical.
As many as 60 people were injured in Virginia Saturday when a car drove into a group of hikers marching in a parade. No fatalities have been reported, but injuries range from superficial to critical.
Sunday, May 19 2013 10:18 AM EDT2013-05-19 14:18:18 GMT
Early English lottery ticket
According to the History of Lottery researchers, after the first English lottery approved by King James I in 1612 that granted the Virginia Company of London the right to raise money.
According to the History of Lottery researchers, after the first English lottery approved by King James I in 1612 that granted the Virginia Company of London the right to raise money.
Friday, May 17 2013 7:36 AM EDT2013-05-17 11:36:31 GMT
As the news of Angelina Jolie brings awareness to the fight against breast cancer there is a major medical breakthrough thanks to a nationwide study with the largest number of participants at USF.
As the news of Angelina Jolie brings awareness to the fight against breast cancer there is a major medical breakthrough thanks to a nationwide study with the largest number of participants at USF.
Friday, May 17 2013 5:00 AM EDT2013-05-17 09:00:46 GMT
Teacher supplies can be very expensive. Ask any teacher they will tell you it's true. A couple of local educators are doing their best to help cut the cost for the tools teachers use in the classroom. Adrianne
Teacher supplies can be very expensive. Ask any teacher they will tell you it's true. A couple of local educators are doing their best to help cut the cost for the tools teachers use in the classroom. Adrianne
Thursday, May 16 2013 6:00 PM EDT2013-05-16 22:00:27 GMT
They went to school on federally-backed student loans and have now defaulted on them to the tune of $111.5 million dollars. That means taxpayers are on the hook for that money. 895 doctors nationwide
They went to school on federally-backed student loans and have now defaulted on them to the tune of $111.5 million dollars. That means taxpayers are on the hook for that money. 895 doctors nationwide
Thursday, May 16 2013 1:25 PM EDT2013-05-16 17:25:15 GMT
Only two of 13 small SUVs are getting passing grades in front-end crash tests done by an insurance industry group. Popular models such as the Honda CR-V, Ford Escape and Jeep Wrangler received only "marginal"
Only two of 13 small SUVs are getting passing grades in front-end crash tests done by an insurance industry group. Popular models such as the Honda CR-V, Ford Escape and Jeep Wrangler received only "marginal"
Sunday, May 19 2013 9:26 PM EDT2013-05-20 01:26:21 GMT
It's all about the odds, and one single ticket in Zephyrhills, Florida has beaten them all by matching all the numbers to win the highest Powerball jackpot in history at an estimated $590.5 million.
It's all about the odds, and one single ticket in Zephyrhills, Florida has beaten them all by matching all the numbers to win the highest Powerball jackpot in history at an estimated $590.5 million.
Sunday, May 19 2013 9:04 AM EDT2013-05-19 13:04:58 GMT
Security camera image
Winter Haven Police are asking the public to help identify a suspect who robbed an off-duty Polk County Sheriff's Deputy Friday at a Winter Haven grocery store.
Winter Haven Police are asking the public to help identify a suspect who robbed an off-duty Polk County Sheriff's Deputy Friday at a Winter Haven grocery store.
Friday, May 17 2013 4:58 PM EDT2013-05-17 20:58:08 GMT
The 'Great May Giveaway' is underway. Now through May 24, you have a chance to win tablets, tickets and more! All this week we're giving away an Apple iPad mini , every weekday morning.
The 'Great May Giveaway' is underway. Now through May 24, you have a chance to win tablets, tickets and more! All this week we're giving away an Apple iPad mini , every weekday morning.
Sunday, May 19 2013 10:18 AM EDT2013-05-19 14:18:18 GMT
Early English lottery ticket
According to the History of Lottery researchers, after the first English lottery approved by King James I in 1612 that granted the Virginia Company of London the right to raise money.
According to the History of Lottery researchers, after the first English lottery approved by King James I in 1612 that granted the Virginia Company of London the right to raise money.
