Fiscal Cliff

Payroll Tax Hike to Hit Consumers

January 12, 2013, 10:04 pm

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.

Emerging Fiscal Cliff Deal Could Push Economy into Recession

January 8, 2013, 7:30 pm

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 [...]

Markets Rise Despite Persisting Problems

January 6, 2013, 11:02 pm

Eurpean financial markets cheered the U.S. fiscal cliff resolution, but more issues remain ahead for 2013.

Congress Agrees on Fiscal Plan; Difficult Decisions Still Ahead

January 4, 2013, 1:48 am

While it is positive that one hurdle has been crossed with the passing of the budget bill, there are plenty more to come.

House Approves Vital Budget Deal

January 2, 2013, 2:31 am

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

Legislative Deadlock Rings in New Year

January 1, 2013, 9:19 pm

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 [...]

‘Pressure’s On:’ Obama Chastises Republicans for Slowing Fiscal Cliff Deal

December 30, 2012, 12:25 pm

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.”

Congress Paralyzed Over Budget Questions

December 27, 2012, 9:20 pm

Fiscal cliff discussions are still at a stall, but the House will convene on Sunday to try to reach an agreement.

Retiring Senator Kent Conrad Advocates Fiscal Balance

December 25, 2012, 2:07 am

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.”

Fiscal Cliff Hype Examined

December 21, 2012, 8:06 am

Despite the threat of the fiscal cliff, most businesses are bullish about the future of U.S. economy.