Budget Deal Stalls; Second Mile Mulls Future; 'Twilight' Rakes it in
Yesterday, a bipartisan congressional committee was unable to come to an agreement on a new budget. The New York Times reports Democrats rejected the Republican deal because they said it did not contain enough new revenue. "Central to the impasse is a fundamental disagreement over how much revenue would be raised toward the $1.2 trillion, and what the role of the Bush-era tax cuts, which are set to expire at the end of next year, would play. Republicans want to maintain the cuts; Democrats want them eliminated for the nation's highest earners." The deal is due Monday. [NYT]
The Second Mile, the charity founded by former Penn State defensive coordinator Jerry Sandusky, is considering closing its doors. The foundation, which was established to help at risk youths, was at the center of the scandal involving Sandusky where he allegedly molested several young boys. CNN reports The Second Mile's current CEO released a statement saying they are "working with donors and others to determine its projected support level." [CNN]
Twilight: Breaking Dawn Part 1, the second-to-last installment of the vampire series, grossed $73.5 million Friday. The Hollywood Reporter says that this is the best single-day return of any of the Twilight movies. [THR]
The city's new budget plan may include over 1,000 layoffs by the end of the fiscal year. The Daily News reports that City Hall wants to "slash more than 250 city jobs by the end of June 2012 and then lose nearly 1,500 more positions through layoffs and attrition by the same time the following fiscal year." The biggest cuts look to come from Health and Mental Hygiene, Cultural Affairs, and the Department of Sanitation. [NYDN]
Expect a clear day today with highs in the low fifties. [TWC]
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