On Air Now

Tune in to Listen

93.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
68° Feels Like: 68°
Wind: NW 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 51°

Tomorrow

Mostly Sunny 80°

Fri Night

Clear 49°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

Geithner: Obama corporate tax plan before year-end

WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner on Monday said the Obama administration's plan to revamp the corporate tax code would be unveiled by the end of the year.

Geithner took questions about President Barack Obama's proposal to overhaul the tax code by cutting corporate tax breaks, as part of an effort to pare the deficit by $3 trillion over a decade.

Geithner also said the proposal would restore fiscal soundness to the United States, responding to a question about the decision by Standard & Poor's to lower the top-notch AAA credit rating of the country.

(Reporting by Caren Bohan, Deborah Charles and Kim Dixon; Editing by Will Dunham)

Comments