fiscal cliff

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.

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 of the House.

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.

The president visited the Daimler Detroit Diesel Plant in Redford, Mich., on Dec. 10 to discuss success and expansion of Detroit Diesel, the fiscal cliff, and right-to-work laws.

A budget expert said that fiscal cliff negotiations to cut domestic discretionary spending are bad for poor people and the economy.

The Epoch Times asked Bay Area locals and visitors what their thoughts were on the possible personal impacts of falling off the fiscal cliff.

President Obama wants the right to initiate hikes in the statutory debt ceiling. The proposal, which he launched within the wider framework of talks on the fiscal cliff, has met with broad opposition from Republicans in Congress.

The stalemate continues in regard to finding a solution for the impending fiscal cliff as members of both parties fail to see eye to eye.

Sen. Richard “Dick” Durbin (D-Ill.) appeals to progressives to support a deal on the fiscal cliff, saying that Social Security should be left out of the negotiations.

The day of reckoning is approaching when Bush-era tax cuts expire and automatic government spending cuts kick in, but amid the panic over the fiscal cliff, there is a growing chorus cautioning against rushing into solutions.

Markets did not extend a warm welcome to President Obama’s second term.