If Congress manages to pass a feeble, last minute, deal on taxes it will be a deal that is long overdue. All of this could have been avoided.
Confused about the federal budget struggle? So are doctors, hospital administrators and other medical professionals who serve the 100 million Americans covered by Medicare and Medicaid.
After a late-hour meeting with top congressional leaders on the “fiscal cliff” seems to have led to progress, President Obama said he is “modestly optimistic” that a deal can be reached before Tuesday’s so-called “fiscal cliff” deadline.
U.S. banks are ending the year with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They’re helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.
A Senate Democrat says he believes “odds are better than people think” that a deal can be reached to avoid automatic tax increases and spending cuts next week.
A deadline looming, President Barack Obama will meet with congressional leaders at the White House on Friday in search of a compromise to avoid a year-end “fiscal cliff” of across-the-board tax increases and deep spending cuts.
Lawmakers are engaged in a playground game of “who goes first,” daring each political party to let the year end without resolving a Jan. 1 confluence of higher taxes and deep spending cuts that could rattle a recovering, but-still-fragile economy.
Rumors of a scaled back fiscal cliff deal caused stock markets to rise suddenly Thursday and subsequently fall after denials from top D.C. insiders.
The world’s biggest coffee chain is asking employees at cafes in the Washington, D.C. area to scribble the words “Come Together” on cups for drink orders.
John Boehner is a bloodied House speaker following the startling setback that his own fractious Republican troops dealt him in their “fiscal cliff” struggle against President Barack Obama.