Fiscal Cliff
Compared to the House, lately, the Senate looks downright stately.
The White House may be eyeing new compromises, now that an interim fiscal cliff deal has been reached with House Republicans.
On November 16, after their first "fiscal cliff" session with President Barack Obama, the four leaders of Congress had stood in the driveway of theWhite House shoulder-to-shoulder for what is a rare photo these days,Republicans and Democrats together, smiling.
Today’s political and economic update from Washington sees some infighting among Republicans and many fresh faces.
About a third of House Republicans reluctantly signed on to a last-minute deal to avoid the fiscal cliff.
President Barack Obama and congressional Republicans looked ahead on Wednesday toward the next round of even bigger budget fights after reaching a hard-fought "fiscal cliff" deal that narrowly averted potentially devastating tax hikes and spending cuts.
The Congress headed toward another showdown over the "fiscal cliff" on Tuesday asRepublicans in the House of Representatives mounted a last-ditch effort to reshape a tax deal meant to prevent Washington from pushing the world's biggest economy into recession.
The Senate moved the U.S. economy back from the edge of a "fiscal cliff" on Tuesday, voting to avoid imminent tax hikes and spending cuts in a bipartisan deal that could still face stiff challenges in the House of Representatives.
Those hoping to start the New Year with the avoidance of the "fiscal cliff" that will raise taxes for many Americans will be let down as new reports indicate that the U.S. House of Representatives won't be voting on any bills to avoid the deadline at midnight.
Taxes were on track to rise for many Americans this week unless lawmakers could cut a last-minute deal on Monday to avoid the "fiscal cliff," an outcome that seemed unlikely, but still possible.
Lawmakers pushed the country to the edge of the "fiscal cliff" on Sunday as they struggled to reach a last-minute deal that could protect the world's largest economy from a politically induced recession.
President Barack Obama and U.S. congressional leaders agreed on Friday to make a final effort to prevent the United States from going over the "fiscal cliff," setting off intense bargaining over Americans' tax rates as a New Year's Eve deadline looms.
One of the many tax issues affected by the impending fiscal cliff is that of the marriage penalty, which could cost married couples more than $2,000.
President Barack Obama and congressional leaders were set to meet on Friday for the first time since November with no sign of progress in resolving their differences over the federal budget and low expectations for a "fiscal cliff" deal before January 1.
Lawmakers on Thursday gave themselves a last chance to prevent the United States from plunging off a "fiscal cliff" by setting up a late session in Congress a day before taxes are due to rise for most working Americans.
