Senate Fiscal Cliff

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: ‘Modestly Optimistic’ Fiscal Cliff Deal Can be Reached
December 28th, 2012

President Barack Obama held out hope for a last-minute agreement to avoid the “fiscal cliff” of tax increases and spending cuts after a meeting with congressional leaders, scolding Congress for leaving the problem unresolved until the eleventh hour.