USA Today: Minn. sports company seeks fiscal cliff certainty - Bring Me The News

USA Today: Minn. sports company seeks fiscal cliff certainty


USA Today reports that companies around the nation are poised to unleash new products and expand in new markets – if only they had some certainty from Washington that politicians will strike a deal to avert the fiscal cliff.

Among them is a Minneapolis company that has developed a durable plastic wall for a popular elementary-school sport similar to dodge ball called gaga, USA Today says.

Sports Resource Group of Minneapolis chief Chris Guertin is afraid parent groups won't be able to raise $3,700 for the walls given uncertainty parents are facing on taxes, the newspaper says. The company plans to expand if it can start selling the walls.

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Minnesota lawmakers squabble over looming 'fiscal cliff'

It's only July, but Minnesota lawmakers in Congress are fretting over January – and not because of winter. Some observers say the nation's federal budget is headed for a "fiscal cliff." Without congressional action, on Jan. 1 Bush-era tax cuts are set to expire and $109 billion in automatic federal spending cuts will be set in motion. A partisan rift has split the state's lawmakers as they debate what Congress ought to do about it.