BC-Business News Preview
Among the stories for Tuesday from The Associated Press:
FISCAL CLIFF-WHO'S AFFECTEDWASHINGTON â¿¿ Everyone who pays income tax â¿¿ and some who don't â¿¿will feel it. So will doctors who accept Medicare, people who get unemployment aid, defense contractors, air traffic controllers, national park rangers and companies that do research and development. The tax increases and spending cuts known as the "fiscal cliff" take effect in January unless Congress passes a budget deal by then. And no matter who you are, it will be all but impossible to avoid the pain. By Christopher S. Rugaber. AP photos With: â¿¿ FISCAL CLIFF-WHO'S AFFECTED-GLANCE â¿¿ What is in the $670 billion U.S. fiscal cliff and who would pay how much, at a glance. â¿¿ OBAMA â¿¿ Obama to meet with labor leaders about impending "fiscal cliff," prospect of raising taxes on the wealthy. AP photo THANKSGIVING TRAVEL OUTLOOK NEW YORK â¿¿ The number of Americans hitting the road this Thanksgiving is expected to increase slightly from a year ago. But they'll take shorter trips to save on gas and other costs as household budgets remain tight. AAA says Tuesday in its annual Thanksgiving forecast that a stronger economy is needed to spur a bigger jump in holiday travel growth. AAA predicts 43.6 million Americans will travel at least 50 miles from home over Thanksgiving, up just 0.7 percent from last year. By Samantha Bomkamp. With: THANKSGIVING-AIRLINE SEATS NEW YORK â¿¿ As airlines make it more difficult for groups of travelers to sit together, many will be separated from their loved ones during flights this Thanksgiving. Here are a few things fliers can do between now and takeoff to snag seats together. By Airlines Writer Scott Mayerowitz. CHINA-MICROBLOGGING THE CONGRESS BEIJING â¿¿ During China's last party congress, the cadres in charge of the world's most populous nation didn't know a hashtag from a hyperlink. But five years on, there's a new message from Beijing: The political transition will be microblogged. While a tool for disseminating propaganda, the Internet is a two-way street that's also being used by ordinary web users to poke fun at and fact-check the delegates. By Alexa Olesen.
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