Bronner: Recession looms without fiscal cliff deal

State and Nation

Discussion

December 7, 2012

Bronner: Recession looms without fiscal cliff deal

Anonymous Associated Press Fri Dec 07, 2012, 09:18 AM CST

— MONTGOMERY, Ala. (AP) — The head of Retirement Systems of Alabama is warning of dire consequences for the economy if political leaders in Washington D.C. can't reach agreement on the so-called fiscal cliff.

David Bronner said that if leaders can't agree, the nation would be back in a recession within a month or two. Bronner said he's never seen Democrats and Republicans be "so ridiculous" and fail to make up their minds one way or another.

WSFA-TV reports (http://bit.ly/YUASvu) that Bronner made the comments at the Beasley Allen Legal Conference and Expo on Thursday.

Despite his warnings, Bronner said he's optimistic about the chances that leaders will reach an agreement by late December.

Text Only

State and Nation

FBI: Man fatally shot in Boston bombing probe
ORLANDO, Fla. (AP) — A Chechen immigrant was shot to death by authorities while being questioned in the Boston Marathon bombing case early Wednesday after he lunged at an FBI agent with a knife, officials said.

May 22, 2013
Iran's Ahmadinejad denounces election decision
The ruling dealt a serious blow to Ahmadinejad's hopes of having a loyalist succeed him. He can't run in the June 14 ballot due to term limits under Iran's constitution.

May 22, 2013
GOP questions IRS scrutiny of anti-abortion groups
May 22, 2013
Parents face tough choice when tornadoes bear down
May 22, 2013
Arias tells jury what she'll do if allowed to live
Her lawyers have said Arias is the only witness they'll call to testify on her behalf.

May 21, 2013
Crews race to find survivors of Oklahoma twister
As the sun rose over the shattered community of Moore, the state medical examiner's office cut the estimated death toll by more than half but warned that the number was likely to climb again.

May 21, 2013
Former IRS chief: Can't say how targeting happened
In his first public remarks since the story broke, Douglas Shulman said: "I agree this is an issue that when someone spotted it, they should have brought it up the chain. And they didn't. I don't know why."

May 21, 2013
Medical examiner: 24 dead in Oklahoma twister
May 21, 2013
Legislators' view of session depends on party
May 21, 2013
Fire changes Alabama father's life
May 21, 2013
More State and Nation Headlines

Poll

Does Limestone County's weather warning system need improvement?

Photos: Aftermath of massive tornado in Moore Storm victims were pulled from the rubble and residents began surveying the damage late Monday and early Tuesday in the Oklahoma City suburb of Moore, where a powerful tornado destroyed entire neighborhoods and left dozens dead.
May 21, 2013
The Big One: Preparing for mid-America earthquake
VIDEO: How sequestration could affect US flood warning system

Complete Report:
Part I: Are We Prepared? | Part II: Disaster Dollars
Part III: Lessons Learned | Part IV: Warning Signs
Part V: The Big One

Facebook

AP Video

Raw: New Video of Deadly Oklahoma Tornado

IRS Official Pleads 5th Amendment

Lawyer: Feds Investigating Susan Powell Case

Former Rep. Weiner Running for New York Mayor

Hyperlocal Search

Popular Searches
Restaurants Tires Telecommunications	Pizza Restaurants Beauty Salons Government
Click for More
Car Rental Dentists Doctors Flowers Hotels Insurance Loans Mortgages Movers Pizza	Realtors Restaurants Storage Tax Preparation Travel Featured More...
Powered by Local.com

Stocks

SaneBull Market Watchgreat free widgetsWidgetboxMore info

Parade
Magazine
Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.

Business Marquee

Community Calendar