Latest 'Fiscal Cliff' News
A list of the most recent stories about Fiscal Cliff.
Englewood packaging company expanding, adding employees
ENGLEWOOD — Even before a 45,000-square-foot expansion project is finished this summer, Value Added Packaging is adding employees. In the last three months, have hired six “team members” — what the company calls its employees. Two more are to be hired in the next month. In all, the company is ...
Fifth Third expects more local growth in 2012
Coming off a 41 percent earnings boost in 2012, the Dayton and Springfield markets are expected to contribute to another good year for Fifth Third Bancorp in 2013, said Steve Petitjean, the bank’s Dayton city executive. As the economy continues to slowly improve and consumer and business confidence improves, Petitjean ...
Economy shows sign of strength
By Christopher S. RugaberAP Economics WriterWASHINGTON (AP) — The U.S. job market is proving sturdier than expected at a time when the economy is under pressure from Washington gridlock and the threat of government spending cuts.Employers added 157,000 jobs in January, and hiring was much stronger at the end of ...
New GOP strategy: focus on sequester
A new House Republican plan could reduce the threat of a government default but increase the possibility of sweeping, mandatory budget cuts that could hurt Wright-Patterson Air Force Base and other Defense facilities. House Republican leaders Friday announced plans for a three-month extension of the nation’s debt ceiling in order ...
How to save $50-$100 each month
Tax hikes are going into effect as a result of the fiscal cliff deal, which means many people will be getting a smaller paycheck. Now is a good time to talk about saving money, according to Tracy A. Fors, vice president of marketing and business development for Wright-Patt Credit Union ...
Report: Dayton office market exposed to cuts
A commercial real estate services firm is warning that Dayton’s office market is exposed to the automatic government spending cuts that could happen in March. “The Dayton region is not out of the woods yet when it comes to the financial debate in Washington,” said the report from Cassidy Turley. ...
Holiday retail sales up 3%
Holiday retail sales rose 3 percent nationwide in 2012, less than the 4.1 percent jump initially projected by the National Retail Federation and disappointing in light of the strong start provided by Thanksgiving and Black Friday weekend. Some southwest Ohio malls, however, say they believe the stores in their retail ...
Why do I have a smaller paycheck this year?
Even with Congress and President Obama reaching an 11th-hour deal to prevent the country from going over the much-hyped “Fiscal Cliff,” the New Year has brought an increase in taxes for all American families — and for many that means an almost immediate reduction in take-home pay. We checked in ...
Fewer business travelers to hit the road in 2013
Fewer business travelers are likely to hit the road this year as the travel industry is challenged by corporate America’s persistent economic fears. Business travelers are expected to take 431.8 million trips in 2013, the Global Business Travel Association said Tuesday. The industry trade group had forecast 435 million trips ...
Ohio economy to grow fastest in 16 years
Ohio’s economy will expand in 2013 at the fastest rate in more than 16 years, but growth will still remain slow and unemployment will not decline as sharply as it did in previous years, according to an economic forecast by a major financial institution. The resurgence of the automotive and ...
Budget era could mean fewer Air Force programs
The Air Force Materiel Command’s top leader said it’s unlikely the military branch will launch the number of new programs it once did in an era of budget austerity and with the impact of potential automatic, across-the-board defense cuts still unknown. Those impacts won’t be known until Congress acts to ...
Expired leases, large pickups will help drive 2013 auto sales
Both Edmunds.com and the Polk research firm are predicting higher auto sales in 2013 even after a resurgent 2012, with Edumunds.com forecasting a 4 percent jump to 15 million vehicles sold and Polk predicting an even rosier 7 percent increase to 15.3 million.But there are some interesting nuggets behind those ...
Fight coming over federal spending is ‘going to be worse’
Just days after Democrats and Republicans agreed to prevent hundreds of billions of dollars of federal taxes and spending reductions from going into effect, the divided political parties face an even more intense struggle next month over cutting federal spending.“It’s going to be worse,’’ said Columbus-area Rep. Pat Tiberi, R-Genoa ...
Stocks: A surprising ride in 2012
Despite sluggish economies in the United States and abroad, stocks still put on a strong show in 2012 — a surprising show.The three main indices for stock performance all ended the year higher.The Dow Jones Industrial Average ended the year up rose 7.3 percent, its fourth straight year of gains. ...
Boehner re-elected speaker of the House
Newly re-elected House Speaker John Boehner yesterday warned his colleagues that the American dream “is in peril’’ as long as the federal government is “weighed down by this anchor’’ of trillions of dollars of debt and projected annual deficits during the next decade. Just moments after 220 House Republicans gave ...
Defense jobs still not safe from automatic cuts
Congress averted the fiscal cliff with a last-minute tax deal, but thousands of Wright-Patterson Air Force Base civilian defense workers haven’t escaped the prospect of facing furloughs, officials said. Lawmakers postponed the budget reductions, known as sequestration, until March, a temporary reprieve from the $500 billion in defense cuts over ...
Manufacturing grows slightly
By Christopher S. Rugaber AP Economics Writer WASHINGTON (AP) — U.S. manufacturing grew slightly last month and factory hiring increased. The modest gain suggests the economy entered the new year with some momentum. The Institute for Supply Management said Wednesday that its index of manufacturing activity rose in December to ...
Tax credit for wind energy projects extended
As part of the fiscal cliff deal, Congress approved the extension of a tax credit for wind energy projects for the next year. That’s critical for Ohio because of projects being developed in the western portion of the state, said Julian Boggs of Environment Ohio, a nonprofit advocate based in ...
House passes fiscal cliff bill
Following a day of intense drama in Capitol Hill as financial markets warily watched, the U.S. House last night approved of a compromise package that avoids what would have been a punishing combination of tax increases and federal budget cuts.By a vote of 257-167, the House approved the same measure ...
Steve Austria looks back on career in Congress
Steve Austria spent his last few days in Congress scrambling to avoid the fiscal cliff, yet despite that painful duty, his biggest regret about his years in Congress is leaving too soon. Austria made history in 2008 when he became the first son of a Filipino immigrant elected to the ...
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