Obama Fiscal Cliff Remarks Spark Republican Threats To Blow Up Deal

WASHINGTON -- With hours remaining to avert the so-called fiscal cliff, President Barack Obama said a deal is ?within sight? and urged lawmakers to come together to avert automatic tax hikes and spending cuts that kick in on Tuesday.

But his midday press conference, with a group of middle-class Americans looking on, was not without a bit of bravado as well. Obama took multiple shots at Congress for its clumsiness in negotiations and insisted that he'd demand more tax hikes if the legislative body used the impending debt ceiling standoff to demand spending cuts.

In the process, the president irked several Republican aides, who suggested that the entire fiscal cliff deal had been complicated because of his tone and criticism.

?Potus just moved the goalpost again. Significantly. This is new,? tweeted a top aide to McConnell.

Doug Heye, a spokesman for House Majority Whip Eric Cantor (R-Va.), tweeted, ?If Obama's goal was to harm the process and make going over the cliff more likely, he's succeeding.? Another Cantor spokesperson said, ?So....I'm confused....does POTUS want a deal or not? Because all those jabs at Congress certainly sounded like a smack in the face to me.

Sen. John McCain (R-Ariz.) said the president "sent a message of confrontation" to Republicans, who could be voting on a deal in the next 24 hours. "I'm not sure ... whether to be angry or to be saddened," he added.

A source close to House Republican leadership went even further, telling HuffPost that the lower chamber was in revolt over Obama's remarks and that the deal could blow up because of them.

To what extent these statements are bluster will be determined once the bill comes up for a vote. The president noted that "an agreement to prevent this New Year's tax hike is within sight," but added that "it's not done."

Before he spoke, The Huffington Post reported on details of a preliminary deal from negotiations between Senate Minority Leader Mitch McConnell (R-Ky.) and Vice President Joe Biden that would achieve $715 billion in revenue.

Under the framework, the Bush-era tax cuts would be extended permanently for individuals at $400,000 and joint filers at $450,000. A second Senate Democratic source familiar with the state of play confirmed those details. The top rate on ordinary income would go back to 39.6 percent and raise an estimated $370 billion in revenue over 10 years.

The same thresholds would be applied for capital gains and dividends, with the top rates in that case going up to 20 percent -- a concession to Republicans (the rate on dividends was set to return to 39.6 percent) but not far from the president's position during the campaign.

Though the president did not get into specifics, he noted that the agreement that was currently under discussion would permanently raise tax rates on the wealthiest Americans.

Both parties are still arguing over how to deal with the $1.2 trillion in sequestration-related cuts that will be triggered on Jan. 1. The president sent a strong message to Republicans that replacing those automatic cuts must be done in a balanced way and not through spending cuts alone.

?If Republicans think that I will finish the job of deficit reduction, through spending cuts alone -- and you hear that sometimes coming from them -- sort of, after today we're just going to try to shove only spending cuts down, you know, well -- shove spending -- shove spending cuts at us, that will hurt seniors, or hurt students, or hurt middle-class families without asking also equivalent sacrifice from millionaires or companies with a lot of lobbyists ... if they think that's going to be the formula for how we solve this thing, they have another thing coming,? Obama said.

Obama added that his preference has been to solve the country?s problems through a grand bargain, "but with this Congress that was obviously a little too much to hope for at this time."

Also on HuffPost:

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Source: http://www.huffingtonpost.com/2012/12/31/obama-fiscal-cliff-remarks_n_2388980.html

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Video: No Deal, Band-Aid or Stop-Gap?

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Japan finmin Aso to travel to Myanmar, meet president Thein Sein

TOKYO (Reuters) ? Japan?s deputy prime minister, Taro Aso, travels to Myanmar this week for talks with President Thein Sein to boost relations with the rapidly tranfsorming country and support Japanese business interests in the region.

Aso, who doubles as finance minister, meets Thein Sein and his opposite number Win Shein in the capital Naypyitaw on Thursday in the first high-profile overseas visit by a member of Tokyo?s new cabinet since it took office last week.

Prior to his ministerial appointment, Aso had already planned to visit Myanmar as a lawmaker and a member of Japan-Myanmar Association, a group of politicians, businessmen and former diplomats set up to advance Japanese business interests in Myanmar.

Their sales ? and sometimes their premises ? badly damaged by a territorial spat between Tokyo and Beijing, Japanese firms have made an aggressive push back into Myanmar after Thein Sein, a former member of the military junta began overseeing reforms.

Myanmar has introduced a substantial series of social and economic reforms since power was handed to a quasi-civilian government took power in 2011 after nearly half a century of military rule.

Change has attracted large numbers of foreign investors and prompted the United States and European Union to ease longstanding sanctions to encourage further reform.

The move by Aso, one of the closest allies of the conservative premier Shinzo Abe, underscores the importance of the Southeast Asian country, where a joint Japan-Myanmar consortium has signed a deal to develop a 2,400-hectare special economic zone in Thilawa, close to its largest city of Yangon.

The Japan-Myanmar Association has been central to securing state support for the project, including a waiver of most of Myanmar?s debt arrears of more than $6 billion necessary to provide fresh loans for the construction of the zone.

Japan has said it will start waiving the arrears at the earliest opportunity in 2013.

Japan may provide an estimated $12.6 billion over several years in aid to build infrastructure around Thilawa, officials with knowledge of the project told Reuters. The plan is to build the first 450 hectares of the park by 2015 and start luring Japanese and global manufacturers.

Aso is to visit Thilawa and meet Japanese business representatives in Yangon on Friday.

Japanese Prime Minister Shinzo Abe plans his first overseas visit to Washington around the end of January. (Reporting by Antoni Slodkowski; Editing by Ron Popeski)

Source: http://www.firstpost.com/world/japan-finmin-aso-to-travel-to-myanmar-meet-president-thein-sein-573525.html

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Jerry York of Boston College Plays Down Division I Mark for Hockey Victories

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Source: www.nytimes.com --- Sunday, December 30, 2012
Jerry York of Boston College now has the most wins of any Division I hockey coach, with 925, but he refuses to take the spotlight. ...

Source: http://www.nytimes.com/2012/12/31/sports/hockey/jerry-york-of-boston-college-plays-down-division-i-mark-for-hockey-victories.html?partner=rss&emc=rss

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GLORY Looking To Expand In The U.S., Japan Market

Source: MMA Weekly

GLORY Managing Director Marcus Luer has Japan and the U.S. as the two locations the promotion looks to visit in the coming year.

"We believe we are a worldwide company, but we will have a strong emphasis on core markets and that is U.S., Japan and the big New Year's Eve card is something we want to do every year," said Luer to MMA Weekly.

The GLORY ? DREAM New Year's Eve 2012 card takes place December 31 from Japan. It will air on a tape delay over two in days in the U.S. on the CBS Sports Network. Luer hopes to continue discussions with CBS about airing more of their shows.

The double card features several MMA bouts out of DREAM and GLORY has a 16 person heavyweight kickboxing tournament with the winner getting $100,000. Luer mentioned the following GLORY event is planned for February.

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