» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 126 | NO. 245 | Friday, December 16, 2011

Obama: No Reason Government Should Shut Down

AP

Print | Front Page | Email this story | Comments ()

WASHINGTON (AP) – President Barack Obama says there is no reason for the government to shut down over Congress' struggle on how to extend a payroll tax cut.

He said Congress "cannot and should not leave for vacation until they've made sure that a tax increase doesn't happen."

His remarks came as congressional leaders were sounding a more optimistic note Thursday that deals could be reached on a massive spending bill and on extending the payroll tax cut and unemployment insurance.

Senate Majority Leader Harry Reid and Obama have been pushing back against the idea of completing the year-end spending deal without action assured on unemployment benefits and the payroll tax cut.

Without a spending deal by Friday or a temporary stop-gap measure, much of the government would shut down this weekend.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 54 266 12,031
MORTGAGES 111 406 15,756
FORECLOSURE NOTICES 0 80 3,103
BUILDING PERMITS 0 606 28,832
BANKRUPTCIES 73 364 11,671
BUSINESS LICENSES 17 119 4,274
UTILITY CONNECTIONS 121 549 17,732
MARRIAGE LICENSES 23 104 3,668

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.