White House Says It Has No New Fiscal Cliff Plan

The White House said today it has no plans to offer new proposals to avoid the fiscal cliff which looms over the country's economy just five days from now, but will meet Friday with Congressional leaders in a last ditch effort to forge a deal.

Republicans and Democrats made no conciliatory gestures in public today, despite the urgency.

The White House said President Obama would meet Friday with Democratic and Republican leaders. But a spokesman for House Speaker John Boehner said the Republican "will continue to stress that the House has already passed legislation to avert the entire fiscal cliff and now the Senate must act."

The White House announced the meeting after Senate Minority Leader Mitch McConnell, R-Ky., called the budget situation "a mess" and urged the president to present a fresh proposal.

"I told the president I would be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as I said, this is a conversation we should have had months ago," McConnell said of his phone call with Obama Wednesday night.

McConnell added, "Republicans aren't about to write a blank check for anything Senate Democrats put forward just because we find ourselves at the edge of the cliff."

"That having been said, we'll see what the president has to propose," the Republican Senate leader said.

But a senior White House official told ABC News, "There is no White House bill."

That statement, however, may have wiggle room. Earlier today White House spokesman Jay Carney said, "I don't have any meetings to announce," but a short time later, Friday's meeting was made public.

It's unclear if the two sides are playing a game of political chicken or whether the administration is braced for the fiscal cliff.

Earlier today, fiscal cliff, Senate Majority Leader Harry Reid lashed out at Republicans in a scathing speech that targeted House Republicans and particularly Boehner.

Charles Dharapak/AP Photo

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Reid, D-Nev., spoke on the floor of the Senate as the president returned to Washington early from an Hawaiian vacation in what appears to be a dwindling hope for a deal.

The House of Representatives will meet for legislative business Sunday evening, leaving the door cracked open ever so slightly to the possibility of a last-minute agreement.

But on a conference call with Republican House members Thursday afternoon, Boehner kept to the Republican hard line that if the Senate wants a deal it should amend bills already passed by the House.

That was the exact opposite of what Reid said in the morning, that Republicans should accept a bill passed by Democratic led Senate.

Related: What the average American should know about capital gains and the fiscal cliff.

"We are here in Washington working while the members of the House of Representatives are out watching movies and watching their kids play soccer and basketball and doing all kinds of things. They should be here," Reid said. "I can't imagine their consciences."

House Republicans have balked at a White House deal to raise taxes on couples earning more than $250,000 and even rejected Boehner's proposal that would limit the tax increases to people earning more than $1 million.

"It's obvious what's going on," Reid said while referring to Boehner. "He's waiting until Jan. 3 to get reelected to speaker because he has so many people over there that won't follow what he wants. John Boehner seems to care more about keeping his speakership than keeping the nation on a firm financial footing."

Related: Starbucks enters fiscal cliff fray.

Reid said the House is "being operated with a dictatorship of the speaker" and suggested today that the Republicans should agree to accept the original Senate bill pass in July. Reid's comments, however, made it clear he did not expect that to happen.

"It looks like" the nation will go over the fiscal cliff in just five days, he declared.

"It's not too late for the speaker to take up the Senate-passed bill, but that time is even winding down," Reid said. "So I say to the speaker, take the escape hatch that we've left you. Put the economic fate of the nation ahead of your own fate as Speaker of the House."

Boehner's spokesman Michael Steel reacted to Reid's tirade in an email, writing, "Senator Reid should talk less and legislate more. The House has already passed legislation to avoid the entire fiscal cliff. Senate Democrats have not."

Boehner has said it is now up to the Senate to come up with a deal.

Obama, who landed in Washington late this morning, made a round of calls over the last 24 hours to Reid, Boehner, Senate Minority Leader Mitch McConnell, R-Ky., and House Minority Leader Nancy Pelosi, D-Calif.

Related: Obama pushes fiscal cliff resolution.

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Hawaii’s lieutenant governor is named to the U.S. Senate

Hawaii Gov. Neil Abercrombie (D) selected Lt. Gov. Brian Schatz on Wednesday to fill the vacancy created by the death last week of veteran U.S. Sen. Daniel K. Inouye (D).

With the “fiscal cliff” five days away and critical decisions facing the Senate, the White House said Schatz would fly to Washington on Wednesday evening with President Obama. Schatz said he would be in place to be sworn in Thursday.

Abercrombie chose Schatz, 40, a former state Democratic Party chairman and state lawmaker, over U.S. Rep. Colleen W. Hanabusa (D), whom Inouye had indicated shortly before his death would be his preference to replace him.

“No one and nothing is pre­ordained,” Abercrombie told reporters in Hono­lulu. He said Inouye’s views were taken into account but so were those of grass-roots activists and his own analysis of what was best for the state.

He said Schatz, a native of Michigan, was best positioned to help Hawaii begin to rebuild its congressional seniority.

He called Schatz “intelligent, forceful, insightful, committed.”

Schatz will be joined in the Senate next month by Rep. Mazie K. Hirono (D), who was elected in November to replace retiring Sen. Daniel K. Akaka (D).

The pair of newcomers will replace one of the nation’s most stable lawmaking teams: A modest World War II hero, Inouye had represented the Aloha State in the Senate since 1963, becoming president pro tempore of the chamber and chairman of the powerful Appropriations Committee. Akaka has served in the Senate since 1980.

Schatz will hold the job for two years until Hawaii voters choose a replacement to fill out the final two years of Inouye’s term.

Schatz, who will be one of the Senate’s youngest members, told reporters that he is planning to stand for election in 2014 to complete Inouye’s term and then to run for reelection in 2016.

“No one can fill Senator Daniel K. Inouye’s shoes — but together, all of us, we can try to walk in his footsteps,” Schatz said, indicating he would focus on retaining federal funding for the state and addressing climate change.

The selection of Schatz was something of a surprise, given Inouye’s wishes and the esteem with which he is held in the state. But Abercrombie is close to Schatz and indicated that he was hesitant to choose Hanabusa and force a new special election to fill her House seat.

Jennifer Sabas, Inouye’s chief of staff, indicated in a statement that Hanabusa’s selection was ­Inouye’s “final wish.”

“While we are very disappointed that it was not honored, it was the governor’s decision to make. We wish Brian Schatz the best of luck,” she said.

Rising Democratic star Tulsi Gabbard, 31, an Iraq war veteran and former Hono­lulu City Council member who was elected to the House in November, had some strong supporters nationally, including Newark Mayor Cory Booker, who endorsed her for the Senate seat via Twitter.

The appointment of Schatz came at a particularly critical time, with Democratic leaders anticipating a potentially close vote in the coming days on a tax plan designed to avert the most serious economic impacts of the year-end fiscal cliff.

In the absence of a broad, bipartisan deficit-reduction package, Obama has called on Congress to at least pass a bill to extend tax breaks for the middle class and potentially forestall automatic budget cuts set to hit in January.

Democrats hope that Republicans will agree to forgo a filibuster and allow an up-or-down vote on a temporary fix, requiring only a bare majority to pass. If the GOP requires a 60-vote threshold for the bill, as has increasingly become standard in the Senate, Democrats hope that a handful of Republicans would join Democrats in supporting the measure and send it to the House.

Either way, Democrats will need every vote they can muster if the legislation is brought to the floor. A bill passed by the Senate in July to extend tax rates first enacted under President George W. Bush for those making less than $250,000 a year was adopted by a narrow 51 to 48 margin.

All Republicans opposed the measure, along with Sens. James Webb (D-Va.) and Joseph I. Lieberman (I-Conn.).

With tax hikes set to hit virtually every American in a matter of days, a similar measure could pick up additional support this time around. But the possibility of a squeaker vote led Senate Majority Leader Harry M. Reid (D-Nev.) to take the unusual step of urging Abercrombie to fill the Hawaii seat quickly.

“It is critically important to ensure that the people of Hawaii are fully represented in the pivotal decisions the Senate will be making before the end of the year,” Reid said in a statement Saturday.

Hawaii law required that Abercrombie choose a replacement from a list of three finalists selected by the state Democratic Party.

The party’s central committee met Wednesday — several days earlier than had been planned before Reid’s request for speed — to hear two-minute speeches from most of the 14 candidates who had formally asked the party to consider them for the role.

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More cash payouts for Silver Housing Bonus and Lease Buyback Scheme

SINGAPORE: Authorities have announced plans to raise the cash bonuses of two housing monetisation schemes for the elderly in response to public feedback.

The latest changes to the Silver Housing Bonus (SHB) and Lease Buyback Scheme (LBS) will see households having to put less of their flat's sale proceeds into their Central Provident Fund (CPF) accounts - a national pension scheme. They will in return receive more cash.

Both schemes target the elderly poor that have little or no family support.

The elderly who opt for either the SHB or LBS can monetise their HDB flats by down-sizing or cutting their lease periods respectively.

The SHB offers a cash bonus for those who sell their flats and move to a 3-room or smaller unit.

With the announced changes, the CPF top-up requirement will be reduced to S$60,000. The S$20,000 bonus will also be given fully in cash.

Households were previously required to use all net sale proceeds from their flat to top up their CPF Retirement Accounts up to the prevailing minimum sum. This could add up to as much as S$278,000 per household.

The S$20,000 bonus was also given in the form of S$15,000 cash and a S$5,000 CPF top-up.

The LBS on the other hand helps lower-income elderly persons living in 3-room or smaller HDB flats by allowing them to sell the tail-end lease of their flat back to the government.

Under the changes, the LBS bonus will now be raised from S$10,000 to S$20,000, all in cash, for all households.

Eligibility criteria for the scheme have also been relaxed to include ex-private property owners and those who have enjoyed more than one housing subsidy, amongst others.

Beneficiaries will also now be able to withdraw any excess proceeds in cash after topping up their CPF Retirement Accounts to fixed amounts depending on their age.

Applications for both schemes will open on 1 February 2013.

Eligible households whose first housing transaction took place on or after 17 February 2012 can also apply for the SHB.

National Development Minister Khaw Boon Wan said: "We need to strike a balance between improving retirement adequacy by requiring a meaningful top-up to the CPF, and keeping the schemes attractive by allowing adequate cash proceeds. We received several good suggestions from the public on how such a balance could be better achieved."

- CNA/jc

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Maoists trigger landmine blast in Odisha

BHUBANESWAR: A member of the special operation group (SOG) was hurt when a landmine planted by Maoists exploded on Thursday in a forest in Odisha's Rayagada district, police said.

The landmine exploded as a group of the elite anti-Maoist force was walking in the forest in Kalyansinghpur area as part of routine combing operations, district Superintendent of Police Rajesh Pandit told IANS.

"It was a low intensity blast. One SOG jawan sustained minor injuries," he said.

Maoists are active in more than half the state's 30 districts. Rayagada district, about 400 km from here, is considered one of their strongholds.

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Space Pictures This Week: Green Lantern, Supersonic Star

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  Green Lantern

  Image courtesy Caltech/SSI/NASA

  Another glorious, backlit view of the planet Saturn and its rings has been captured by NASA's Cassini spacecraft, as seen in a picture released December 18.

  On October 17, during its 174th orbit around the gas giant, Cassini was deliberately positioned within Saturn's shadow, "a perfect location from which to look in the direction of the sun and take a backlit view of the rings and the dark side of the planet," according to NASA.

  (Related: "Ten Best Pictures From NASA's Cassini Probe—Saturn, More.")

  Published December 26, 2012

  
  











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  Starry Night

  Photograph by Wally Pacholka, TWAN

  The Milky Way glitters over Yosemite, California, in a picture taken December 14 and submitted to the astronomy-education project The World at Night (TWAN).

  Our galaxy is far larger, brighter, and more massive than most other galaxies. From end to end, the Milky Way's starry disk, observable with the naked eye and through optical telescopes, spans 120,000 light-years.

  (See Milky Way pictures inNational Geographic magazine.)

  Published December 26, 2012

  
  











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  Celestial Ornament

  Image courtesy G. Bacon, STScI/ESA/NASA

  The Hubble Space Telescope has spied a nearby planetary nebula that resembles a holiday ornament wrapped in a ribbon, as seen in a picture released December 18.

  Planetary nebulae such as NGC 5189 represent the final brief stage in the life of a medium-size star like our sun.

  (See more nebula pictures.)

  Published December 26, 2012

  
  











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  It's a Bird, It's a Plane

  Photograph by Shamil Zhumatov, Reuters

  A Russian Soyuz spacecraft carries U.S. astronaut Thomas Marshburn, Russian cosmonaut Roman Romanenko, and Canadian astronaut Chris Hadfield to the International Space Station on December 19.

  While floating some 240 miles (390 kilometers) above Earth's surface, the space station has hosted a rotating international crew since November 2000.

  (See our space-exploration timeline.)

  Published December 26, 2012

  
  











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  Martian Hazard

  Image courtesy Caltech/NASA

  Still not home for the holidays, NASA's Mars rover Opportunity keeps plugging away on the red planet's surface.

  Here, the rover's hazard camera scans a target called Onaping at the base of Copper Cliff in the Endeavor crater. At least Opportunity calls home.

  (See "Mars Rover Detects Simple Organic Compounds.")

  Published December 26, 2012

  
  











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  Jewel Box

  Photograph by Rolf Olsen, Your Shot

  A star cluster named Jewel Box sparkles in a picture submitted to the Your Shot photo community on December 18.

  Visible as a faint smudge with the naked eye under dark skies, the Jewel Box is located 6,440 light-years away towards the constellation Crux, or the Southern Cross. The bright orange star in the centre of the cluster is known as Kappa Crucis.

  (See another picture of Jewel Box.)

  Published December 26, 2012

  
  











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  Supersonic Star

  Image courtesy Caltech/NASA

  The giant star Zeta Ophiuchi is having a "shocking" effect on surrounding dust clouds in this infrared image from NASA's Spitzer Space Telescope, released on December 18.

  Stellar winds flowing out from this fast-moving star are making ripples in the dust, creating a bow shock seen as glowing gossamer threads only visible in infrared.

  Published December 26, 2012

  
  











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  Image courtesy Jesse Allen, EO-1/USGS/NASA

  Published December 26, 2012

  
  

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Okla. Senator Could Prevent Gun Control Changes

If there's one person most likely to keep new gun-control measures from passing Congress swiftly, it's Sen. Tom Coburn.

Conservatives revere the Oklahoma Republican for his fiscal hawkishness and regular reports on government waste. But he's also a staunch gun-rights advocate, and he's shown a willingness to obstruct even popular legislation, something in the Senate that a single member can easily accomplish.

That mixture could make Coburn the biggest threat to quick passage of new gun-control laws in the aftermath of the Newtown, Conn., shooting that has prompted even pro-gun NRA-member lawmakers like Sen. Joe Manchin, D-W.Va., to endorse a new look at how access to the most powerful weapons can be limited.

Coburn's office did not respond to multiple requests to discuss the current push for gun legislation. But given his record, it's hard to imagine Coburn agreeing to a major, new proposal without some fuss.

The last time Congress considered a major gun law -- one with broad support -- Coburn held it up, proving that the details of gun control are sticky when a conservative senator raises unpopular objections, especially a senator who's joked that it's too bad he can't carry a gun on the Senate floor.

After the Virginia Tech massacre in 2007, Congress heard similar pleadings for new gun limits, some of them similarly to those being heard now. When it came to light that Seung-Hui Cho, the mentally disturbed 23-year-old who opened fire on campus, passed a background check despite mental-health records indicating he was a suicide threat, a push began to include such records in determining whether a person should be able to buy a gun.

Rep. Carolyn McCarthy, D-N.Y., a longtime gun-control advocate whose husband was killed in a mass shooting on the Long Island Rail Road in 1996, introduced a widely supported bill to do just that. The NRA backed her National Instant Check System Improvement Amendments Act of 2007.

But Coburn didn't. The senator blocked action on the bill, citing concerns over patient privacy, limited gun access for veterans, and the cost of updating the background-check system,

In blocking that bill, Coburn pointed to a government study noting that 140,000 veterans had been referred to the background-check registry since 1998 without their knowledge.

"I am certainly understanding of the fact that some veterans could be debilitated to the point that such cataloguing is necessary, but we should ensure this process does not entangle the vast majority of our combat veterans who simply seek to readjust to normal life at the conclusion of their tours. I am troubled by the prospect of veterans refusing necessary treatment and the benefits they are entitled to. As I'm sure you would agree we cannot allow any stigma to be associated with mental healthcare or treatment of Traumatic Brain Injury," Coburn wrote to acting Veterans Secretary Gordon Mansfield.

Coburn succeeded in changing the legislation, negotiating a set of tweaks that shaved $100 million over five years, made it easier for prohibited gun owners to restore their gun rights by petitioning the government, and notifying veterans that if they abdicated control of their finances they would be added to the gun database. The bill passed and President Bush signed it in January 2008.

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Democrats push for tax cuts they once opposed

Democrats seeking a deal to avert the year-end “fiscal cliff” are trying to etch into stone the signature economic achievement of Republican President George W. Bush by permanently extending tax cuts enacted during his tenure.

President Obama has put the extension of the tax cuts for most Americans at the top of his domestic agenda, a remarkable turnaround for Democrats, who had staunchly opposed the tax breaks when they were written into law about a decade ago.

With Obama leaving his Hawaii vacation for Washington on Wednesday and lawmakers returning Thursday, the main dividing line between Republicans and Democrats has come down to whether tax rates should increase for top earners at the end of the year, when the Bush-era tax cuts are set to expire. While Republicans want to extend all the cuts, Democrats are pushing to maintain lower rates on household income below $250,000. Those lower rates significantly reduce the taxes of nearly all American households that earn less than $250,000 — and many who earn more, even if tax rates are allowed to increase on income above that figure.

While it is increasingly unlikely that the two parties will reach an agreement to avoid the fiscal cliff before Jan. 1, it is all but certain that their ultimate deal, whenever it comes, will make permanent the lower rates for most Americans.

R. Glenn Hubbard, dean of the Columbia Business School and an architect of the Bush tax cuts, said it is “deeply ironic” for Democrats to favor extending most of them, given what he called their “visceral” opposition a decade ago. Keeping the lower rates even for income under $250,000 “would enshrine the vast bulk of the Bush tax cuts,” he said.

Democrats say they have reconsidered their opposition to the Bush tax cuts for several reasons. The cuts were written into law from 2001 to 2003 after a decade in which most Americans saw robust income growth. Over the past decade, by contrast, median wages have declined, after adjusting for inflation, amid a weak economy. Allowing tax cuts for the middle class to expire would further reduce take-home pay.

“We’ve had these tax cuts in place since 2001. The world changes, and the economy is where it is,” said Steven Elmendorf, who was chief of staff to former House minority leader Richard A. Gephardt (D-Mo.), a primary opponent of the Bush tax cuts. “With people’s economic status, we should not be raising taxes on people earning under $250,000.”

What’s more, income inequality has been growing. Sparing the middle class higher taxes while requiring the wealthy to pay more would tip the scales slightly in the other direction.

“The reason there’s been this movement toward broad consensus on renewing the tax cut for working- and middle-class families is that will give us a sharper progressivity in the tax system that is very much desired by Democrats and progressives who’ve seen an income distribution more and more distorted toward the wealthy,” said Betsey Stevenson, former chief economist in Obama’s Labor Department and a professor at the University of Michigan, who added that taxes may have to rise even more than currently contemplated to meet the country’s needs.

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Football: Liverpool's Sterling commits himself to England

LONDON: Liverpool's teenage winger Raheem Sterling has pledged his international future to England, thereby calming fears he was considering a switch of allegiance to Jamaica.

The 18-year-old holds dual-nationality as he was born in Jamaica to Jamaican parents, but he has represented England at every level from under-16 upwards and made his senior debut in the 4-2 friendly loss to Sweden in November.

The fact that the game in Stockholm was non-competitive means that Sterling could still opt to play for Jamaica, but he told several British newspapers on Wednesday that he was committed to playing for England.

"It was a dream come true (to play against Sweden)," he said.

"As a 15-year-old, I can remember sitting at home and praying to get an under-16 call-up, so to be getting a senior call-up a few years later was one of the best things that ever happened to me.

"I want to keep driving on and do a bit more. Obviously I've got Jamaican roots, but no-one tried to put any pressure on me, which was the good thing.

"But I couldn't turn my back on England because I've grown up through the English youth system and progressed from there.

"I couldn't just switch over. So it was a good thing for me to be called up and make my debut. It's 100 percent going to be England from now on."

Liverpool announced on Friday that Sterling had signed a new long-term contract with the club.

The former Queens Park Rangers player only made his Liverpool debut in March, but he has quickly become an integral component of manager Brendan Rodgers' side.

- AFP/de

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India will continue to do its best to assist Nepal: President Pranab Mukherjee

NEW DELHI: Citing India's deep rooted ties with Nepal, President Pranab Mukherjee said New Delhi will continue to do its best to assist the neighbouring nation in its socio-economic development.

It is in India's interest that Nepal progresses as a stable, secular, democratic republic, the President said welcoming his Nepalese counterpart Ram Baran Yadav at Rashtrapati Bhavan here on Wednesday.

Mukherjee said that people of India consider him a great friend and value his long-standing support for Indo-Nepal relations.

"India attaches the highest priority to further strengthening its bilateral relations with Nepal in every sphere," Mukherjee was quoted as saying by a Rashtrapati Bhavan spokesperson in a press release.

The President said India's relations with Nepal are deep rooted and unique with no parallel.

"As a close friend and neighbour, India will continue to do its best to assist Nepal in its socio-economic development," he said.

"It has always been India's endeavour to support peace, stability and prosperity in Nepal, in accordance with their wishes," he said.

The Nepalese president's visit provides an important opportunity to further strengthen the excellent bilateral relations between the two countries, the spokesperson said.

The president of Nepal thanked Pranab Mukherjee for the welcome and hospitality extended by the Government and people of India.

He said Nepal and India are closely connected with each other. He also thanked the President for the development assistance extended by India in virtually every sector.

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Photos: Humboldt Squid Have a Bad Day at the Beach

Photograph by Chris Elmenhurst, Surf the Spot Photography

“Strandings have been taking place with increased frequency along the west coast over the past ten years,” noted NOAA’s Field, “as this population of squid seems to be expanding its range—likely a consequence of climate change—and can be very abundant at times.” (Learn about other jumbo squid strandings.)

Humboldt squid are typically found in warmer waters farther south in theGulf of California (map) and off the coast ofPeru. “[But] we find them up north here during warmer water time periods,” said ocean sciences researcherKenneth Bruland with the University of California, Santa Cruz (UCSC).

Coastal upwelling—when winds blowing south drive ocean circulation to bring cold, nutrient-rich waters up from the deep—ceases during the fall and winter and warmer water is found closer to shore. Bruland noted that climate change, and the resulting areas of low oxygen, “could be a major factor” in drawing jumbo squid north.

Published December 24, 2012

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