Despite the “fiscal cliff” deal, millions of Americans will still notice lower paychecks this year as the social security payroll tax has increased by 2 percent in 2013.
In the names of fairness and fiscal responsibility, President Obama and Speaker Boehner are cooking up a deal to avert the fiscal cliff that could easily thrust the economy [...]
Eurpean financial markets cheered the U.S. fiscal cliff resolution, but more issues remain ahead for 2013.
While it is positive that one hurdle has been crossed with the passing of the budget bill, there are plenty more to come.
After Senate voted 89–8 on a compromise budget deal, the American Taxpayer Relief Act of 2012, the House has also passed the bill 257-167
The Senate voted 89–8 on a compromise budget deal, the American Taxpayer Relief Act of 2012, in the wee hours of New Year’s morning, but the bill has yet to get the vote [...]
President Barack Obama said that Republicans’ refusal to implement higher taxes on the very wealthy is what is delaying action to avoid the impending “fiscal cliff.”
Fiscal cliff discussions are still at a stall, but the House will convene on Sunday to try to reach an agreement.
One week after his farewell retirement speech, Sen. Kent Conrad, spoke at the National Press Club Newsmaker on his perspective of the so-called “fiscal cliff.”
Despite the threat of the fiscal cliff, most businesses are bullish about the future of U.S. economy.