Vermont Apple Cider Donuts

1 cup apple cider
1 cup sugar
1/4 cup vegetable shortening
2 eggs
1/2 cup buttermilk
3 1/2 cups flour
2 tsp baking powder
1 tsp baking soda
1/2 tsp cinnamon
1/4 tsp salt
1/4 tsp nutmeg
vegetable oil or shortening for frying

Glaze
2 cups confectioners' sugar
1/4 cup apple cider

Boil apple cider in small saucepan until it is reduced to 1/4 cup, 8-10 minutes; cool.

Beat sugar with shortening until smooth. Add eggs and mix well, then add buttermilk and reduced cider.

Stir together flour, baking powder, baking soda, cinnamon, salt and nutmeg in another bowl. Add to liquid ingredients; mix just enough to combine.

Add enough oil or shortening to fill a deep pan 3"; heat to 375. Cut dough into donuts or roll into balls. Fry donuts several at a time, turning once or twice, about 4 minutes.