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.
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 said that House Republicans seem not willing to compromise over the so-called fiscal cliff.
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 on Wednesday urged congressional Republicans not to stand in the way of a resolution in the U.S. Congress.
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.
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.
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.
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.
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.
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.
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.
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.