Fiscal Cliff

Taxmageddon - Fiscal Cliff 2013 Showdown: Will Republicans Compromise on Raising Taxes?

Republicans might be willing to compromise on raising taxes on wealthy Americans.

Fiscal Cliff 2013 Looms: Obama Insists on Tax Hikes for Incomes Over $250k, Boehner and House Republicans Refuse (Video)

After a resounding victory in Tuesday’s election, President Obama is spending some of his political capital, standing his ground on one of his most notable campaign promises.

What is the 'Fiscal Cliff', Exactly? Event Will Result in 9.1 Percent Unemployment in 2013, Says Congressional Budget Office

With the U.S. presidential election out of the way, the “fiscal cliff” is looming large, threatening to destroy the progress our economy has made since its 2008 meltdown. Simply put, the fiscal cliff, a term coined by U.S. Federal Reserve Chairman Ben Bernanke, is a combination of spending cuts and tax hikes that will send the country into a deep recession if Congress and the President can’t find some other way to address our country’s deficit by Jan. 1, 2013.

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