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Business News: Avoiding the fiscal cliff

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(CBS) - Wall Street is hoping lawmakers can agree on a budget deal to avoid the so-called fiscal cliff next year. President Obama said last week that he will veto any bill extending tax cuts for those making $250-thousand dollars -- something Republicans have said they won't agree to. If no deal is reached, tax hikes for nearly every American will go into effect next year and some deductions - including the child tax credit - will either be slashed or abolished.


(CBS) - Federal Reserve Chairman Ben Bernanke is scheduled to give a speech in Atlanta this week. It will be his first public appearance since President Obama won a second term. Wall Street will be listening for any comments Bernanke may make about the stalemate in Washington over the Fiscal Cliff.


(CNN) - Toys R Us is hopping on the bandwagon for super early Black Friday sales. The store says it's going to open its doors at 8 o'clock on Thanksgiving night. That's an hour earlier than last year. Early bird shoppers will have more than 200 doorbusters to look forward to, including giftcards for buying Apple products. The chain has been trying very hard to promote its electronics, along with the regular toys. It is also offering free layaway. Sears has the jump on most other retailers with its holiday deals starting on November 18-th.

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  • Report: Air Algerie plane vanishes from radar

    Report: Air Algerie plane vanishes from radar

    Thursday, July 24 2014 7:28 AM EDT2014-07-24 11:28:48 GMT
    An Air Algerie flight from Burkina Faso to Algiers has disappeared from radar, the official Algerian news agency said Thursday.  Air navigation services lost track of the plane 50 minutes after takeoff early Thursday, last sited at 1:50 a.m. GMT (10:50p EDT), the agency said.

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    An Air Algerie flight from Burkina Faso to Algiers has disappeared from radar, the official Algerian news agency said Thursday.  Air navigation services lost track of the plane 50 minutes after takeoff early Thursday, last sited at 1:50 a.m. GMT (10:50p EDT), the agency said.


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  • Update: Autopsy reveals stab wound led to death of 4-year-old girl

    Update: Autopsy reveals stab wound led to death of 4-year-old girl

    Thursday, July 24 2014 4:50 PM EDT2014-07-24 20:50:12 GMT
    Victoria Wyatt (photo: family)Victoria Wyatt (photo: family)
    UPDATE: ATHENS, TX (KYTX) - An autopsy report reveals a stab wound to the chest contributed to the death of 4-year-old Victoria Wyatt.More >>
    UPDATE: ATHENS, TX (KYTX) - An autopsy report reveals a stab wound to the chest contributed to the death of 4-year-old Victoria Wyatt.More >>
  • Why Smith County won't be making rulings on immigration issue

    Why Smith County won't be making rulings on immigration issue

    We're learning more about what led Smith County commissioners to vote on some immigration resolutions and the reason for the outcomes. The commissioners court discussion Tuesday came down to what a county government's role is. More >>
    We're learning more about what led Smith County commissioners to vote on some immigration resolutions and the reason for the outcomes. The commissioners court discussion Tuesday came down to what a county government's role is. More >>
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