Fiscal Cliff

Fiscal Cliff Deal Sneaks in Wall Street Gifts, NASCAR Perk
January 2nd, 2013

NASCAR tracks stand to save an estimated $70 million — in other words, NASCAR tracks will hang onto $70 mil that otherwise would have ended up in the U.S. Treasury — due to a tax credit extension included in the fiscal cliff deal.

Hours from ‘Fiscal Cliff,’ Washington Still Awaits Deal
December 31st, 2012

The U.S. Congress comes back on Monday without a deal to avert the “fiscal cliff” and only a few hours of actual legislative time scheduled in which to act if an agreement materializes.

President Obama: Fiscal Cliff Failure Will Occur if GOP Can’t Say Yes
December 30th, 2012

President Obama said that House Republicans seem not willing to compromise over the so-called fiscal cliff.

Fiscal Cliff Talks: President Obama to Meet with Congressional Leaders Friday
December 27th, 2012

President Barack Obama and congressional leaders are to meet on Friday for the first time since November to reach an agreement on the so-called fiscal cliff.

The White House Urges Republicans Not to block ‘Fiscal Cliff’ Deal
December 26th, 2012

The White House on Wednesday urged congressional Republicans not to stand in the way of a resolution in the U.S. Congress.

President Obama Will Cut Short Vacation to Work on Fiscal Cliff
December 25th, 2012

President Barack Obama ends his Hawaiian vacation and leaves for Washington aiming to make a bid to reach a fiscal-cliff deal before the year ends.

Obama Tries to Rescue ‘Fiscal Cliff’ Talks for Post-Christmas Deal
December 21st, 2012

In remarks before flying to Hawaii for a break, Obama suggested reaching a short-term deal on taxes and extending unemployment insurance to avoid the worst effects of the “fiscal cliff” on ordinary Americans at the start of the New Year.

Fiscal Cliff Talks: ‘Plan B’ Vote Postponed in House in Major Setback for Boehner
December 20th, 2012

House Speaker John Boehner (R-Ohio) tried to ram a “fallback” plan through the House on Thursday – a relatively tiny tax increase on millionaires and billionaires – and failed.

‘Fiscal Cliff’ Talks Turn Sour, President Obama Threatens Veto
December 19th, 2012

As a set deadline nears, Republicans in the U.S. House of Representatives poposed their own “fiscal cliff” plan that muddles negotiations with the White House considering tax rates and spending cuts.

House Republicans to Vote on ‘Fiscal Cliff’ Bill Thursday
December 18th, 2012

After important concessions in recent days from both President Barack Obama and House of Representatives Speaker John Boehner, Republicans moved to increase pressure on the Democrats by vowing to vote in the House on a “Plan B” back-up measure that would largely disregard the progress made so far.

Hopes Rise for ‘Fiscal Cliff’ Deal as President Obama, Boehner Meet
December 18th, 2012

Barack Obama and House Speaker John A. Boehner moved close to agreement Monday considering the so-called ‘fiscal cliff,’ but several critical hurdlesthey are still to be cleared.

Fiscal Cliff: John Boehner Proposes Debt Ceiling Lift for One Year
December 16th, 2012

House Speaker John Boehner (R-Ohio) has offered to take the debt ceiling off the table for one year, marking a breakthrough in the speaker’s fiscal cliff negotiations with President Obama.

Obama and Boehner Hold ‘Frank’ Meeting Amid ‘Fiscal Cliff’ Frustration
December 14th, 2012

President Barack Obama and House Speaker John Boehner met on Thursday to discuss one more time impending tax hikes and spending cuts, nut nothing significant was offered.