fiscal cliff

Paul Ryan

Opinion: Over The Cliff

At midnight, not only did the ball drop in Times Square, ushering in a New Year, but Congress dropped the ball on delivering the country meaningful deficit reduction.


Senate Majority Leader Harry Reid, D-Nev., leaves the Senate Chamber and heads to a meeting with Senate Democrats on Capitol Hill on Dec. 30, 2012 in Washington, D.C. (credit: Drew Angerer/Getty Images)

Report: Reid Burns Obama Fiscal Cliff Proposal Hours Before Senate Vote

Senate Majority Leader Harry Reid was so upset with President Obama’s proposed “fiscal cliff” deal to Senate Minority Leader Mitch McConnell that he burned it.


US President Barack Obama makes his way to board Air Force One on January 1, 2013 at Andrews Air Force Base in Maryland. Obama is returning to Hawaii to continue his vacation which he interrupted to deal with the "fiscal cliff" crisis.  (Photo credit: MANDEL NGAN/AFP/Getty Images)

Obama In Hawaii, Fiscal Cliff Standoff Behind Him

President Barack Obama is back in Hawaii for vacation after a tense, end-of-the-new-year standoff with Congress over the fiscal cliff.


Speaker of the House John Boehner (R-OH) (C) walks through Statuary Hall before entering the House Chamber to oversee a vote on 'fiscal cliff' legislation during a rare New Year's Day session January 1, 2013 in Washington, DC.  (credit: Chip Somodevilla/Getty Images)

House Approves Bill To Avoid Fiscal Cliff

The bill to avert a U.S fiscal cliff has won approval by the U.S. House of Representatives.


File photo of Sen. Kelly Ayotte. (credit: Getty Images)

Ayotte: Congress Doesn’t Deserve Pay Raise

New Hampshire Sen. Kelly Ayotte says she plans to introduce legislation to block Congress and other high-ranking federal officials from getting a salary increase.


Senate Minority Leader Mitch McConnell (R-KY) leaves the Senate floor and walks back to his office, on Capitol Hill December 31, 2012 in Washington, DC.  (credit: Drew Angerer/Getty Images)

CBS News: Agreement Reached On ‘Fiscal Cliff’

CBS News has confirmed that an agreement has been reached on the “fiscal cliff.”


File photo of Senate Minority Leader Mitch McConnell, (credit: Drew Angerer/Getty Images)

House Will Not Vote Tonight on Fiscal Cliff Deal

Senate Minority Leader Mitch McConnell says he and the White House have agreed on preventing tax hikes that the “fiscal cliff” will trigger after midnight. And he says they are very close to an overall deal that would also prevent budget-wide spending cuts.


President Barack Obama announces Sen. John Kerry as his choice for the next secretary of state on Dec. 21, 2012 in the Roosevelt Room of the White House in Washington, D.C. (credit: MANDEL NGAN/AFP/Getty Images)

Report: House Won’t Be Voting On ‘Fiscal Cliff’ Deal Before Midnight

WASHINGTON (CBS DC/AP) — The nation appears in position to fall over the “fiscal cliff” at midnight as the House of Representatives do not have a vote in place on the deal currently being negotiated […]


File photo of outgoing Sen. Olympia Snowe. (credit: Getty Images)

Snowe: Fiscal Cliff Underscores Partisan Problem

While Congress has been engaging in political brinksmanship over the so-called “fiscal cliff,” Sen. Olympia Snowe has been busy cleaning out her office.


Senate Minority Leader Mitch McConnell, R-Ky., walks toward his office after speaking on the Senate Floor on Capitol Hill on Dec. 27, 2012 in Washington, D.C. (credit: Drew Angerer/Getty Images)

AP: Fiscal Cliff Deal ‘Emerging’

Details of the deal include raising taxes on couples making more than $450,000 and extending unemployment benefits for one year, according to AP.