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"Number one the debt ceiling increase," says Congressman Cooper. "Without that America is crippled and without that we shut down government and lower our credit rating."
Congressman Cooper says the country desperately needs to address that issue along with tax reform and entitlement spending. Both Tennessee Senators also discussed a need for entitlement spending control today. They're worried about the future when Medicare may not take in enough to pay its bills.
"The President needs to do as good a job letting the American people know about the Medicare fiscal cliff as he has done in persuading the American people that it's a good idea to tax the rich," says US Senator Lamar Alexander.
Both Senators are now sponsoring a bill that would tie an increase in the debt ceiling to spending cuts for programs like Medicare. Among their proposals to make those cuts: raise the Medicare eligibility age incrementally from 65 to 67 by the year 2027.
Saturday, December 29 2012, 05:57 PM CST
2 appellate court judges are stepping down
May 24, 2013 21:29 GMT
NASHVILLE, Tenn. (AP) -- Two Tennessee appellate court judges have notified Gov. Bill Haslam that they will not run for another term on the bench in the August 2014 retention election.
Patricia J. Cottrell, a judge on the Court of Appeals, and Joseph M. Tipton, who sits on the Court of Criminal Appeals bench, will both leave after September of next year.
The announcements come after the state legislature left Tennessee without a way to replace judges who step down or die when a commission expires at the end of next month.
Members of the soon-to-be-defunct Judicial Nominating Commission will make recommendations for replacements to give to Haslam before the panel expires. Haslam will appoint the replacements from those recommendations.
US durable goods orders rise 3.3 percent in April
WASHINGTON (AP) -- U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for military and civilian aircraft and an increase in business investment.
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Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
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By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: RESTAURANT FLAP LEADS TO INTERNET MELTDOWN
SCOTTSDALE, Ariz. (AP) -- It isn't exactly to curry favor with your restaurant customers -- even if your specialty isn't curry.