Post Politics: Fiscal Cliff


Posted at 06:40 AM ET, 10/08/2013

Putin: Obama was right to skip summits

By Anne Gearan  |  06:40 AM ET, 10/08/2013 |  Permalink  |  Comments ( 0)
Tags:  113th Congress, Congress, Fiscal Cliff, Government Shutdown, President Obama, shutdown, White House

Posted at 08:17 AM ET, 03/13/2013

Obama: Don't blame White House for canceled tours

Obama says White House tours could resume for students

By David Nakamura  |  08:17 AM ET, 03/13/2013 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 03:33 PM ET, 02/12/2013

McConnell 'not interested' in last ditch talks to avert sequester

Senate Minority Leader Mitch McConnell (R-Ky.) said that he has not heard from Vice President Biden and that he has little interest in trying to recreate the hectic last-minute deals that the two have crafted since December 2010.

By Paul Kane and Lori Montgomery  |  03:33 PM ET, 02/12/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:44 AM ET, 02/05/2013

Obama calls for short-term fix to avoid sequester

President's proposal would represent a stopgap measure.

By Zachary A. Goldfarb  |  10:44 AM ET, 02/05/2013 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 04:06 PM ET, 01/31/2013

Debt limit deal passes Congress

Congress gave final approval Thursday to a plan to temporarily suspend the legal limit on the national debt, permitting the Treasury Department to keep borrowing and lifting the threat of a government default until early August.

By Lori Montgomery  |  04:06 PM ET, 01/31/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 01:25 PM ET, 01/23/2013

House votes to suspend debt limit

The measure, which would set aside the legal debt ceiling and allow the government to borrow as needed to meet spending obligations through May 18, was adopted on a 285 to 144 vote.

By Rosalind S. Helderman  |  01:25 PM ET, 01/23/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 04:01 PM ET, 01/22/2013

White House 'encouraged' by debt-ceiling bill

In a statement released by the Office of Management and Budget Tuesday, the Obama administration announced that it does not oppose House Republicans' plan to suspend the debt ceiling for three months.

By Rachel Weiner  |  04:01 PM ET, 01/22/2013 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 03:19 PM ET, 01/22/2013

Reid says he's pleased with House GOP's 'clean debt ceiling bill'

Reid says he's pleased with House GOP's 'clean debt ceiling bill'

By Rosalind S. Helderman  |  03:19 PM ET, 01/22/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 11:54 AM ET, 01/22/2013

Club for Growth won't oppose debt-ceiling suspension

The anti-tax Club for Growth will not oppose House Republicans' plan to suspend the debt ceiling for four months, bolstering the legislation's chance at passage.

By Rachel Weiner  |  11:54 AM ET, 01/22/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 11:10 AM ET, 01/22/2013

Republicans aim to suspend debt limit until May

Forget about raising the federal debt limit. House Republicans are proposing to ignore it altogether -- at least until May 18.

By Lori Montgomery  |  11:10 AM ET, 01/22/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 12:45 PM ET, 01/18/2013

House Republicans to vote on three-month debt ceiling increase

The measure will provide that if either chamber fails to adopt a budget by April 15, members of Congress would not be paid.

By Rosalind S. Helderman  |  12:45 PM ET, 01/18/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:16 AM ET, 01/18/2013

Sen. John Cornyn: 'We will raise the debt ceiling'

"We will raise the debt ceiling. We're not going to default on our debt," the Republican whip said.

By Rachel Weiner  |  10:16 AM ET, 01/18/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 02:20 PM ET, 01/17/2013

House Republicans weighing short-term debt limit increase

Rep. Paul Ryan says his colleagues may opt to raise the nation's legal borrowing limit for just a few months.

By Rosalind S. Helderman and Ed O'Keefe  |  02:20 PM ET, 01/17/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 09:16 AM ET, 01/16/2013

Majority don't want spending cuts tied to debt ceiling

Republican leaders in Congress have drawn a hard line that spending cuts are essential to any legislative deal to raise the debt ceiling.

By Jon Cohen and Peyton M. Craighill  |  09:16 AM ET, 01/16/2013 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 11:28 AM ET, 01/14/2013

A debt limit history lesson

Before President Obama's 11:30 a.m press conference to urge Congress to raise the debt limit, the Factchecker explains how we got here.

By Rachel Weiner  |  11:28 AM ET, 01/14/2013 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 11:26 AM ET, 01/14/2013

Why the platinum coin is off the table

Treasury nixes proposal to avoid debt ceiling fight

By Natalie Jennings  |  11:26 AM ET, 01/14/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff, White House

Posted at 03:30 PM ET, 01/11/2013

Senate Democrats to Obama: Bypass Congress on debt limit 'if necessary'

Senate Democratic leaders encourage President Obama to bypass Congress if necessary to prevent the nation from defaulting if lawmakers do no raise the debt ceiling.

By Rosalind S. Helderman  |  03:30 PM ET, 01/11/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, debt ceiling, Fiscal Cliff, obama, senate

Posted at 08:58 AM ET, 01/08/2013

Public not crazy about fiscal cliff deal

Overall, 44 percent of all registered voters say they approve of the "fiscal cliff" deal, stuck on New Year's day, with about as many 42 percent disapproving. More than one in eight voters express no opinion on the subject.

By Jon Cohen and Aaron Blake  |  08:58 AM ET, 01/08/2013 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 10:45 AM ET, 01/07/2013

Boehner: We're fine with defense cuts

The sequester put in place last year was supposed to be so unpalatable that both parties would have to come to an agreement. But House Speaker John Boehner (R-Ohio) tells the Wall Street Journal that, now that tax increases are dealt with, the defense cuts in the deal don't scare him.

By Rachel Weiner  |  10:45 AM ET, 01/07/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 05:02 PM ET, 01/03/2013

Paul Ryan: 'I don't believe we're going to default'

House Budget Committee Chairman Paul Ryan (R-Wis.) said he thinks default can be prevented.

By Felicia Sonmez  |  05:02 PM ET, 01/03/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:09 AM ET, 01/02/2013

Toomey: GOP should be ready to shut down government

"We Republicans need to be willing to tolerate a temporary, partial government shutdown," Toomey said. "We absolutely have to have this fight over the debt limit."

By Rachel Weiner  |  10:09 AM ET, 01/02/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 09:36 AM ET, 01/02/2013

Rep. LaTourette: GOP 'got whupped' in deal

Rep. Steve LaTourette (R-Ohio), a longtime ally of House Speaker John Boehner, told CBS Wednesday morning that his party got "whooped" in the "fiscal cliff" negotiations.

By Rachel Weiner  |  09:36 AM ET, 01/02/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 11:26 PM ET, 01/01/2013

Grover Norquist: Vote for deal is vote to cut taxes

Grover Norquist: Vote for deal is vote to cut taxes

By Felicia Sonmez  |  11:26 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 11:06 PM ET, 01/01/2013

House approves 'fiscal cliff' deal

House approves 'fiscal cliff' deal

By Felicia Sonmez  |  11:06 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:37 PM ET, 01/01/2013

Hoyer: Bipartisanship needed for grand bargain

House Minority Whip Steny Hoyer (D-Md.) said he plans to vote for the bill, but did so in a slightly tepid fashion.

By Ed O'Keefe  |  10:37 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:14 PM ET, 01/01/2013

Pelosi urges passage of 'fiscal cliff' deal

Pelosi praised Vice President Biden for drafting the legislation with Republican and Democratic Senate leaders.

By Ed O'Keefe  |  10:14 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:01 PM ET, 01/01/2013

House debate begins on 'fiscal cliff' bill

Republicans are trying to cast the measure as a win for their party and American taxpayers.

By Ed O'Keefe  |  10:01 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 09:25 PM ET, 01/01/2013

'Fiscal cliff' debate is swan song for David Dreier

By Ed O'Keefe  |  09:25 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 09:15 PM ET, 01/01/2013

What the 'fiscal cliff' means for the tea party movement

What the 'fiscal cliff' means for the tea party movement

By David A. Fahrenthold, Rosalind S. Helderman and Ed O'Keefe  |  09:15 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 08:47 PM ET, 01/01/2013

House begins debate on fiscal cliff deal

House begins debate on fiscal cliff deal

By Felicia Sonmez  |  08:47 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 08:09 PM ET, 01/01/2013

House to vote on Senate-passed deal tonight

House GOP leaders have decided to bring up the Senate-passed fiscal cliff bill for a clean, up-or-down vote Tuesday evening

By Paul Kane  |  08:09 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 08:04 PM ET, 01/01/2013

Paul Ryan: No comment on fiscal cliff bill

Paul Ryan has yet to weigh in on the fiscal cliff bill.

By Felicia Sonmez  |  08:04 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 07:32 PM ET, 01/01/2013

House GOP charts course toward passing Senate deal

House GOP charts course toward passing Senate deal

By Paul Kane  |  07:32 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 06:55 PM ET, 01/01/2013

House votes to freeze congressional, federal worker pay

House pay freeze vote is for 'political cover,' Dems say

By Ed O'Keefe  |  06:55 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 06:32 PM ET, 01/01/2013

House GOP to whip spending-cut amendment

House GOP leaders will count votes to gauge support for an amendment to the Senate's fiscal cliff deal that would cut additional spending.

By Rosalind S. Helderman  |  06:32 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 06:30 PM ET, 01/01/2013

Contempt for Congress is nothing new

Here are some contemptuous quotes about Congress from famous Americans throughout history.

By Matt DeLong  |  06:30 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 05:37 PM ET, 01/01/2013

Pelosi: House can pass bill with Democratic help

Echoing her words at a press conference earlier in the day, House Minority Leader Nancy Pelosi (D-Calif.) called Tuesday afternoon for an up-or-down vote on the "fiscal cliff" deal passed by the Senate.

By Rachel Weiner  |  05:37 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 05:30 PM ET, 01/01/2013

Cantor 'stands with Boehner,' spokesman says

A spokesman for House Majority Leader Eric Cantor (R-Va.) pushed back against the suggestion that by coming out against the "fiscal cliff" deal passed by the Senate, the congressman was undercutting House Speaker John Boehner (R-Ohio).

By Rachel Weiner  |  05:30 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 04:58 PM ET, 01/01/2013

House GOP to reconvene at 5:15 p.m.

House Republicans will meet again this afternoon to discuss how to deal with the bipartisan "fiscal cliff" legislation passed by the Senate early on New Year's morning.

By Rosalind Helderman and Ed O'Keefe  |  04:58 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 04:45 PM ET, 01/01/2013

Senate not likely coming back

If the House were to amend the Senate's tax bill, as advocated by some Republicans, the Senate would be exceedingly unlikely to take up the House changes before this Congress ends -- and the process must begin anew -- on Thursday.

By Rosalind S. Helderman  |  04:45 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 03:56 PM ET, 01/01/2013

House Dems call for 'up or down vote'

House Minority Leader heralded the strong, bipartisan way the Senate voted on "cliff" measure and urged immediate vote in the House.

By Ed O'Keefe  |  03:56 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 03:22 PM ET, 01/01/2013

Cantor opposes Senate deal

The House majority leader told reporters he opposes the deal, likely killing chances for a fast House passage of the bill without changes.

By Rosalind S. Helderman  |  03:22 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 03:02 PM ET, 01/01/2013

AFL-CIO changes tune, but union skepticism remains

American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) President Richard Trumka, who early Tuesday morning criticized the bipartisan "fiscal cliff" deal under debate by the Senate, has now hailed it as a "breakthrough" -- while repeating some of his earlier concerns.

By Rachel Weiner  |  03:02 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 01:56 PM ET, 01/01/2013

77 percent will pay more in 2013 under deal

Average American would pay $680 more in taxes under deal

By Michelle Gaps  |  01:56 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  biden, Congress, Fiscal Cliff, john boehner, mcconnell, obama, senate

Posted at 01:25 PM ET, 01/01/2013

House Republicans weigh 'cliff' deal

House Republicans have kicked off the first of two planned closed-door meetings to consider the Senate-approved measure to avert the fiscal cliff.

By Rosalind S. Helderman  |  01:25 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 12:57 PM ET, 01/01/2013

Decision not likely for hours

A GOP leadership aide said no decision about when or whether to hold a House vote on the "cliff" deal was likely until much later Tuesday.

By Lori Montgomery  |  12:57 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 12:39 PM ET, 01/01/2013

Biden arrives on Hill with 'Happy New Year'

Vice President Biden is meeting with House Democrats to sell the "fiscal cliff" deal that he personally crafted with Senate Minority Leader Mitch McConnell (R-Ky.).

By Rachel Weiner  |  12:39 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 12:05 PM ET, 01/01/2013

Feds avoid cuts, for now

The future remains uncertain for federal employees.

By Joe Davidson  |  12:05 PM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 10:56 AM ET, 01/01/2013

Biden to meet with House Democrats

Biden also visited the Hill late Monday night to play the same role with Senate Democrats.

By Rosalind S. Helderman  |  10:56 AM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff, White House

Posted at 10:30 AM ET, 01/01/2013

Why Rubio voted no

In a statement Tuesday, Sen. Marco Rubio (R-Fla.) explained why his was one of eight "no" votes against last night's "fiscal cliff" deal.

By Rachel Weiner  |  10:30 AM ET, 01/01/2013 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 11:30 PM ET, 12/31/2012

Senate Dems expect 'strong vote'

Senate Democrats emerged from their meeting shortly before 11 p.m. and predicted that the deal would pass the Senate tonight.

By Ed O'Keefe  |  11:30 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 11:26 PM ET, 12/31/2012

House GOP leaders: We'll bring Senate deal to floor

House GOP leaders reiterate their pledge to bring a Senate-passed deal to the floor.

By Felicia Sonmez  |  11:26 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 11:15 PM ET, 12/31/2012

Biden to Dems: 'I'm your buddy'

Biden's case to Senate Democrats: This Joe Biden and I'm your buddy.

By Ed O'Keefe  |  11:15 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:55 PM ET, 12/31/2012

Fiscal cliff New Year's Eve

Members of Congress, reporters and congressional aides weren't the only ones spending their New Year's Eve at the Capitol in the hope of a fiscal cliff deal.

By Felicia Sonmez  |  10:55 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:19 PM ET, 12/31/2012

Pelosi weighs in

The House Democratic leader weighs in on the fiscal cliff deal.

By Felicia Sonmez  |  10:19 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:03 PM ET, 12/31/2012

The Fix's 'fiscal cliff' winners and losers

Among the winners in the fiscal cliff negotiations: Vice President Biden.

By Felicia Sonmez  |  10:03 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 09:30 PM ET, 12/31/2012

Biden at Senate: 'Happy New Year!'

"Happy New Year!" Biden said to reporters at the Capitol. "Don't you love spending New Year's Eve here?"

By Ed O'Keefe  |  09:30 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 09:26 PM ET, 12/31/2012

Conservative group urges 'no' vote

The conservative group Heritage Action is urging a "no" vote on the fiscal cliff compromise.

By Felicia Sonmez  |  09:26 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 08:48 PM ET, 12/31/2012

'Fiscal cliff' deal reached

The vice president will visit the Capitol as the fiscal cliff deadline nears.

By Felicia Sonmez  |  08:48 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 08:23 PM ET, 12/31/2012

Farm bill remains in limbo

The "fiscal cliff" isn't the only precipice facing the country. The dairy cliff could soon become a reality, too.

By Felicia Sonmez  |  08:23 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 07:42 PM ET, 12/31/2012

'Compromise will be essential'

The Post's editorial board weighs in on the fiscal cliff logjam.

By Felicia Sonmez  |  07:42 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 07:27 PM ET, 12/31/2012

Labor chief opposes 'fiscal cliff' deal

Labor chief opposes fiscal cliff deal

By Felicia Sonmez  |  07:27 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 06:51 PM ET, 12/31/2012

Biden to visit Hill tonight: Reports

Biden to visit Hill tonight: Reports

By Felicia Sonmez  |  06:51 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 06:24 PM ET, 12/31/2012

'Fiscal cliff': Three ways it's going to affect you (VIDEO)

The Post's Felicia Sonmez takes a look at three ways the lack of a fiscal cliff deal could impact you.

By Felicia Sonmez  |  06:24 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 06:19 PM ET, 12/31/2012

Senate vote later 'highly likely,' Corker says

Sen. Bob Corker (R-Tenn.) emerged from a meeting with his fellow Republicans and signaled that talks are continuing towards approval of a deal.

By Ed O'Keefe  |  06:19 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 06:13 PM ET, 12/31/2012

House likely to adjourn until noon Tuesday

Once again as Senate leaders work on a deal to avert the fiscal cliff, House Republicans met with little information and no idea what to expect in the coming hours.

By Ed O'Keefe  |  06:13 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 06:07 PM ET, 12/31/2012

U.S. officially hits debt ceiling

As promised, Treasury Secretary Timothy Geithner on Monday night formally notified Congress that the United States has reached its $16.4 trillion debt ceiling.

By Felicia Sonmez  |  06:07 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 05:53 PM ET, 12/31/2012

Rand Paul: Deal 'will pass with bipartisan support'

Sen. Rand Paul (R-Ky.) predicted Monday night that the "fiscal cliff" deal still being worked out between the White House and congressional negotiators will pass both chambers.

By Felicia Sonmez  |  05:53 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 04:00 PM ET, 12/31/2012

No House votes tonight

Awaiting action by the Senate, the leader of the House of Representatives have announced they will stage no votes this evening, ensuring the nation will go over the fiscal cliff for at least a day.

By Rosalind S. Helderman  |  04:00 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 03:00 PM ET, 12/31/2012

McConnell: We're 'very close'

On the Senate floor at close to 3 p.m., Senate Minority Leader Mitch McConnell (R-Ky.) announced that negotiators were very close to deal.

By Rachel Weiner and Rosalind S. Helderman  |  03:00 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 02:36 PM ET, 12/31/2012

McCain questions Obama's sincerity

McCain strikes back at Obama

By Ed O'Keefe  |  02:36 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 01:58 PM ET, 12/31/2012

Obama: Deal 'within sight'

"Today, it appears that an agreement to prevent this New Year's tax hike is within sight. But it's not done," Obama said. "They are close, but they're not there yet."

By Rachel Weiner  |  01:58 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 12:59 PM ET, 12/31/2012

Biden, McConnell close to deal

Vice President Biden and Senate Minority Leader Mitch McConnell were close to a deal Monday to cancel historic tax hikes for most Americans. But they were still hung up on spending.

By Lori Montgomery  |  12:59 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 12:45 PM ET, 12/31/2012

Obama to speak on 'cliff'

President Obama will deliver remarks about the fiscal cliff at 1:30 p.m. from the South Court Auditorium, during a White House event with middle class Americans.

By Rachel Weiner  |  12:45 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 12:18 PM ET, 12/31/2012

Political fault lines surface in 'cliff' talks

Early statements from senators Monday suggest displeasure with whatever deal materializes.

By Ed O'Keefe  |  12:18 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 12:06 PM ET, 12/31/2012

Tax hike coming with or without deal

Americans are all but certain to face a broad hike in taxes on Tuesday for the first time in at least two decades, ending a prolonged period of declining taxation that has become a defining characteristic of the American economy.

By Zachary A. Goldfarb  |  12:06 PM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 11:50 AM ET, 12/31/2012

Harkin blasts 'very bad deal'

On the Senate floor Monday morning, Sen. Tom Harkin, a liberal Democrat from Iowa, said he was disturbed to read in The Post that Democratic negotiators had agreed to raise the threshold for the income tax rate increases to $450,000, from $250,000, and to maintain estate taxes at the same level.

By William Branigin  |  11:50 AM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 11:21 AM ET, 12/31/2012

Senate chaplain prays for 'fiscal cliff' deal

The chamber's chaplain prayed for senators to "take the tide that leads to fortune, rather than risk a national voyage bound in shadows and in miseries."

By Ed O'Keefe  |  11:21 AM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 11:11 AM ET, 12/31/2012

Reid: Progress, but still some issues

Majority Leader Harry M. Reid opened the Senate session with an announcement that talks are making progress but some issues still need to be worked out.

By Rosalind S. Helderman  |  11:11 AM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:53 AM ET, 12/31/2012

Isakson: I think there's a deal on revenues

Sen. Johnny Isakson (R-Ga.) told CNN Monday morning that he believed lawmakers had reached a deal on revenue but not on spending.

By Rachel Weiner  |  10:53 AM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:44 AM ET, 12/31/2012

Kyl: 'A lot of progress'

"Conversations are still ongoing. There has been a lot of progress," Kyl said.

By Rachel Weiner  |  10:44 AM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 08:31 AM ET, 12/31/2012

McConnell has some hope for deal

Vice President Biden and Sen. Mitch McConnell were locked in urgent talks late Sunday over the fiscal cliff after Democrats offered several significant concessions on taxes, including a proposal to raise rates only on earnings over $450,000 a year.

By Lori Montgomery and Paul Kane  |  08:31 AM ET, 12/31/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 09:58 PM ET, 12/30/2012

No public events for Obama on Monday

The president has nothing on the schedule for now.

By Aaron Blake  |  09:58 PM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, obama

Posted at 07:04 PM ET, 12/30/2012

Manchin introduces bill to 'ease' cliff

The bill would phase in the looming tax increases over three years and give OMB authority to select which programs get cut.

By Aaron Blake  |  07:04 PM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, Joe Manchin

Posted at 06:38 PM ET, 12/30/2012

Graham changes mind: 'I think we're going over the cliff'

"I'm incredibly disappointed we cannot seem to find common ground," Graham says on his Twitter feed.

By Aaron Blake  |  06:38 PM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, Lindsey Graham

Posted at 05:57 PM ET, 12/30/2012

Reid: Negotiations back underway, no votes Sunday

"There's still time left to reach an agreement," the Senate majority leader says.

By Aaron Blake  |  05:57 PM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, Harry Reid

Posted at 05:34 PM ET, 12/30/2012

Burr: Obama 'not serious' about deal

Burr said Obama is "using our economy and the livelihood of American families and businesses for what he sees as political gain."

By Aaron Blake  |  05:34 PM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, Richard Burr

Posted at 05:10 PM ET, 12/30/2012

Reid: GOP move 'desperation'

Sen. Majority Leader Harry Reid (D-Nev.) dismissed Republicans' attempt to bring Social Security reform into "fiscal cliff" negotiations as "desperation," while adding that he has just made Republicans a new counter-offer.

By Rachel Weiner  |  05:10 PM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 04:38 PM ET, 12/30/2012

Lieberman: No deal tonight

Asked as he exited a meeting of the Senate Democratic caucus whether a deal would be struck today, Sen. Joseph I. Lieberman (I-Conn.) replied: "No, I'd be shocked.

By Ed O'Keefe  |  04:38 PM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 04:29 PM ET, 12/30/2012

GOP senators: Social Security off table

After a briefing from Senate leaders, several Republicans said they were in agreement that Social Security reform will not be part of the "fiscal cliff" deal being negotiated Sunday.

By Lori Montgomery  |  04:29 PM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 04:10 PM ET, 12/30/2012

Biden-McConnell talks begin

Talks between McConnell and Biden have begun, according to Republicans exiting a mid-afternoon caucus meeting. McConnell excused himself from that meeting to take a call from Biden, and then returned a few minutes later.

By Paul Kane  |  04:10 PM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 03:41 PM ET, 12/30/2012

The House watches and waits

House lawmakers await word of a deal in the Senate.

By Ed O'Keefe  |  03:41 PM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 03:25 PM ET, 12/30/2012

Reid: Everyone 'hang loose'

"Everybody should hang loose," the senator said. "Something may break and we'll be able to get something done."

By Rachel Weiner  |  03:25 PM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 02:18 PM ET, 12/30/2012

McConnell reaches out to Biden, Reid steps back

On the Senate floor just after 2 p.m., Senate Minority Leader Mitch McConnell (R-Ky.) said he had delivered Democrats with an offer at 7 p.m. Saturday, and had yet to hear back from Senate Democrats with a potential counter-offer. In hopes of reaching a last-minute deal, McConnell said he had reached out to Vice President Biden in hopes of striking a deal.

By Ed O'Keefe  |  02:18 PM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 01:12 PM ET, 12/30/2012

Chaplain prays for Senate

The Senate opened for business at 1 p.m. with a particularly pointed prayer from Senate Chaplain Barry Black.

By Rosalind S. Helderman  |  01:12 PM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 12:45 PM ET, 12/30/2012

How much revenue to raise?

While Republicans now appear willing to raise tax rates on the wealthy, they want a higher threshold than Democrats.

By Zachary A. Goldfarb  |  12:45 PM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 12:32 PM ET, 12/30/2012

Boehner: Don't blame us

By Rachel Weiner  |  12:32 PM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 11:09 AM ET, 12/30/2012

Obama 'discordant,' McConnell spokesman says

The office of Senate Minority Leader Mitch McConnell (R-Ky.) is pushing back on President Obama's "Meet the Press interview," suggest that the White House is wrong blaming Republicans for a lack of action on the "fiscal cliff."

By Rachel Weiner  |  11:09 AM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 11:09 AM ET, 12/30/2012

Durbin: ‘Still is a chasm'

The Senate's second-ranking Democrat said on Sunday morning that there is substantial daylight between Democratic and Republican leaders in the ongoing negotiations over the fiscal cliff, but stopped short of saying a deal could not get done.

By Sean Sullivan  |  11:09 AM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:41 AM ET, 12/30/2012

Democrats 'like bank robbers,' Republican lawmaker says

Rep. Raul Labrador (R-Idaho) compared Democrats to bank robbers in an interview on ABC News' "This Week," arguing that the rival party really wanted to raise taxes on all Americans.

By Rachel Weiner  |  10:41 AM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 10:39 AM ET, 12/30/2012

What lawmakers do while they wait

House and Senate to turn to other matters as they await a fiscal deal.

By Ed O'Keefe  |  10:39 AM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff, House, senate

Posted at 10:39 AM ET, 12/30/2012

Schumer: Odds better than 50/50

While an agreement is hardly a certainty, I wouldn't rule it out, Schumer said on ABC's This Week With George Stephanopoulos.

By Rachel Weiner  |  10:39 AM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 09:43 AM ET, 12/30/2012

Still no breakthrough

By Sunday morning, Senate negotiators had yet to resolve the two key tax issues -- how many wealthy households should face higher income taxes in the new year and how to tax inherited estates

By Lori Montgomery  |  09:43 AM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 09:38 AM ET, 12/30/2012

Barrasso: 'There is no deal yet'

Anyone looking for signs of hope on a "fiscal cliff" deal would be disappointed by CNN's "State of the Union" Sunday, when a bipartisan group of Senate and House members only agreed that they couldn't agree on much.

By Rachel Weiner  |  09:38 AM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 09:33 AM ET, 12/30/2012

Graham: 'The president won'

Sen. Lindsey Graham (R-S.C.) said on Sunday morning that he believes the odds are quite good that Senate can pass a narrow measure to avert the fiscal cliff and prevent taxes from rising for most Americans.

By Sean Sullivan  |  09:33 AM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 09:04 AM ET, 12/30/2012

Obama: Hard for GOP to say yes

Obama repeated his call from Friday for Senate leaders to reach an agreement on a deal to prevent middle-class tax rates from rising. Failing that, he said, Senate Democrats will introduce their own bill, and Republicans will have to decide if they want to block it.

By Sean Sullivan  |  09:04 AM ET, 12/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 06:15 PM ET, 12/28/2012

Obama 'modestly optimistic' about fiscal cliff deal

"I'm modestly optimistic that an agreement can be achieved," the president said from the White House.

By Rachel Weiner  |  06:15 PM ET, 12/28/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 05:19 PM ET, 12/28/2012

Obama to deliver statement

President Obama will speak from the Brady Press Briefing Room at 5:45 p.m., his first public comments in the wake of a high-stakes afternoon meeting with congressional leaders.

By Rachel Weiner  |  05:19 PM ET, 12/28/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 05:11 PM ET, 12/28/2012

Reid and McConnell: We're on the verge of a deal

Speaking with reporters on Capitol Hill after meeting with President Obama and other congressional leaders at the White House, Senate Majority Leader Harry Reid (D-Nev.) deemed the meeting "very constructive."

By Rachel Weiner  |  05:11 PM ET, 12/28/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 04:19 PM ET, 12/28/2012

Obama pushes GOP to accept his tax plan

President Obama called on Republican leaders Friday to support his plan to let taxes rise on income over $250,000 a year or to offer a clear alternative for averting the fiscal cliff that could win Democratic support.

By Lori Montgomery  |  04:19 PM ET, 12/28/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 09:28 AM ET, 12/28/2012

Schumer: 'Odds are better than people think'

Sen. Chuck Schumer (D-N.Y.) is still optimistic about a "fiscal cliff" deal, he told NBC Friday morning.

By Rachel Weiner  |  09:28 AM ET, 12/28/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 07:20 PM ET, 12/27/2012

Obama to meet with congressional leaders Friday

President Obama summoned congressional leaders to a Friday summit at the White House for last-ditch talks aimed at protecting taxpayers, unemployed workers and the fragile U.S. recovery from a massive dose of austerity set to hit in just four days.

By Lori Montgomery  |  07:20 PM ET, 12/27/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 04:06 PM ET, 12/27/2012

House coming back on Sunday

By Rachel Weiner  |  04:06 PM ET, 12/27/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 11:25 AM ET, 12/27/2012

Boehner spokesman: 'Reid should talk less and legislate more'

The war of words has heated up on Capitol Hill as the fiscal cliff approaches.

By Rosalind S. Helderman  |  11:25 AM ET, 12/27/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, obama; president obama; obama news conference; press conference obama; obama press conference; press conference; obama news; obama speaking; obama petraeus; barack obama; petraeus; obama fiscal cliff;

Posted at 10:46 AM ET, 12/27/2012

Reid accuses Boehner of running 'dictatorship'

With just five days left before the year-end fiscal cliff, the Senate returned to business Thursday morning on a deeply pessimistic note about any kind of deal to avert the crisis.

By Rosalind S. Helderman  |  10:46 AM ET, 12/27/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:06 AM ET, 12/27/2012

Aides predict fiscal cliff failure

With historic tax increases set to hit virtually every American in five days, President Obama and members of the Senate are headed back to Washington on Thursday to take one last shot at a deal to protect taxpayers and the gathering economic recovery.

By Lori Montgomery and Paul Kane  |  10:06 AM ET, 12/27/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 04:38 PM ET, 12/26/2012

Treasury: We'll hit debt limit Dec. 31

The U.S. government will exhaust its borrowing authority on Monday and hit the $16.4 trillion federal debt limit, the Treasury Department said Wednesday, beginning a countdown until Congress either passes legislation to allow for more borrowing or the government defaults on its debt.

By Zachary A. Goldfarb  |  04:38 PM ET, 12/26/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 04:33 PM ET, 12/26/2012

GOP leaders demand Senate act first on fiscal cliff

Boehner, other GOP leaders demand that Senate take up House fiscal cliff bills

By Paul Kane  |  04:33 PM ET, 12/26/2012 |  Permalink  |  Comments ( 0)
Tags:  Boehner, Congress, Fiscal Cliff, fix, White House

Posted at 10:41 AM ET, 12/26/2012

Starbucks using cups to push for fiscal cliff deal

CEO Howard Schultz has posted a letter online explaining that for the rest of the week, employees in the megachain's Washington, D.C. stores will write "Come Together" on customers' coffee cups.

By Rachel Weiner  |  10:41 AM ET, 12/26/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 05:55 PM ET, 12/21/2012

Obama: Extend middle-class tax cuts and unemployment benefits by Jan. 1

President Obama said he is calling on Congress to extend tax cuts for people earning under $250,000 and unemployment benefits before the end of the year.

By Zachary A. Goldfarb  |  05:55 PM ET, 12/21/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 11:49 AM ET, 12/21/2012

GOP: Obama has to call Boehner

The House's inability to act left efforts to avoid the fiscal-cliff in shambles, just as senior lawmakers were either heading home for the holidays or getting on planes to Hawaii for the Sunday burial of Sen. Daniel K. Inouye (D-Hawaii), who died Monday.

By Lori Montgomery  |  11:49 AM ET, 12/21/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 10:29 AM ET, 12/21/2012

Boehner: 'God only knows' how a deal is reached

House Speaker John A. Boehner (R-Ohio) pinned responsibility on the Senate and President Obama to reach an agreement to avert the "fiscal cliff," following a stunning rebuke of his own plan to raise taxes on those making more than $1 million.

By Ed O'Keefe and Rosalind S. Helderman  |  10:29 AM ET, 12/21/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:00 AM ET, 12/21/2012

Stocks drop sharply after Plan B fails

Stocks opened sharply lower Friday on Wall Street after House Republicans called off a vote on tax rates and left federal budget talks in disarray 10 days before sweeping tax increases and government spending cuts take effect.

By Rachel Weiner  |  10:00 AM ET, 12/21/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 08:15 AM ET, 12/21/2012

Defiant Tim Huelskamp exasperates MSNBC hosts

After the interview wrapped up, the hosts and other guests on the show openly expressed their exasperation.

By Felicia Sonmez  |  08:15 AM ET, 12/21/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 07:57 PM ET, 12/20/2012

House GOP holds emergency conference

House Republicans are now gathering in their Capitol basement conference room for an emergency meeting called by House Speaker John Boehner. The meeting may indicate that Boehner doesn't have enough votes to pass his "Plan B" fiscal cliff proposal.

By Ed O'Keefe  |  07:57 PM ET, 12/20/2012 |  Permalink  |  Comments ( 0)
Tags:  Boehner, fisacal cliff, Fiscal Cliff, Plan B

Posted at 05:24 PM ET, 12/20/2012

By one count, 25 House Republicans leaning against 'Plan B'

The conference can spare only 24 defections

By Ed O'Keefe  |  05:24 PM ET, 12/20/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 02:15 PM ET, 12/20/2012

FreedomWorks flips, now opposes 'Plan B'

The tea party-aligned FreedomWorks has gone from tentative support for House Speaker John Boehner's "Plan B" to outright opposition.

By Rachel Weiner  |  02:15 PM ET, 12/20/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 01:54 PM ET, 12/20/2012

Club for Growth warns lawmakers on 'sequester replacement'

The group already urged a no vote on Boehner's 'Plan B'

By Ed O'Keefe  |  01:54 PM ET, 12/20/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 01:52 PM ET, 12/20/2012

Boehner to Senate: Vote on 'Plan B'

House Speaker John A. Boehner (R-Ohio) called on Senate leaders Thursday to bring his so-called "Plan B" up for a vote, if it passes the House this evening.

By Rosalind S. Helderman  |  01:52 PM ET, 12/20/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 11:36 AM ET, 12/20/2012

Cantor says GOP has the votes for Plan B

He said the House will not leave Washington even after it is passed.

By Rosalind S. Helderman  |  11:36 AM ET, 12/20/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 11:14 AM ET, 12/20/2012

Feds could face furloughs if we go over cliff

OPM will email federal employees today on what happens as a last resort

By Joe Davidson  |  11:14 AM ET, 12/20/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 09:49 AM ET, 12/20/2012

CNN Poll: GOP is too extreme

A CNN survey released Thursday once again emphasizes Republicans' weak position in the "fiscal cliff" debate, as public opinion is decidedly tilted in Democrats' favor.

By Rachel Weiner  |  09:49 AM ET, 12/20/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 04:06 PM ET, 12/19/2012

Paul Ryan supports 'Plan B'

Ryan has been working closely with leadership while keeping a low profile.

By Rosalind S. Helderman  |  04:06 PM ET, 12/19/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 03:40 PM ET, 12/19/2012

Some conservatives looking for Plan C

They want a more ideological proposal.

By Rosalind S. Helderman  |  03:40 PM ET, 12/19/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 03:20 PM ET, 12/19/2012

Pelosi on Boehner: 'I don't know what the speaker is trying to prove'

House Minority Leader Nancy Pelosi (D-Calif.) once again expressed opposition with House Speaker John A. Boehner's plan to raise tax rates only for Americans earning more than $1 million annually.

By Ed O'Keefe  |  03:20 PM ET, 12/19/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 02:23 PM ET, 12/19/2012

John Boehner's one-minute press conference

House Speaker John A. Boehner (R-Ohio) responded defiantly to President Obama's comments earlier Wednesday about the impending fiscal cliff.

By Ed O'Keefe  |  02:23 PM ET, 12/19/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 01:32 PM ET, 12/19/2012

Club for Growth comes out against 'Plan B'

Conservative groups are split on the issue.

By Ed O'Keefe and Rosalind S. Helderman  |  01:32 PM ET, 12/19/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 12:41 PM ET, 12/19/2012

Obama urges GOP to 'take the deal'

Obama said the two sides are too close to reaching a deal to give up.

By Lori Montgomery  |  12:41 PM ET, 12/19/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 12:34 PM ET, 12/19/2012

'Plan B' vote won't violate Norquist pledge

ATR has previously been very strict on adhering to its pledge.

By Natalie Jennings  |  12:34 PM ET, 12/19/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 12:13 PM ET, 12/19/2012

Hatch would vote against 'Plan B'

Hatch said he is opposed to raising rates.

By Natalie Jennings  |  12:13 PM ET, 12/19/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:25 AM ET, 12/19/2012

Obama would veto 'Plan B'

The White House says the proposal is not balanced.

By Natalie Jennings  |  10:25 AM ET, 12/19/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 05:47 PM ET, 12/18/2012

Republicans see weakness from White House

A few weeks ago, the Obama administration was firm that they wouldn't budge on tax rates for income above $250,000 and that they wouldn't budge on the debt ceiling. They've since budged on both.

By Rachel Weiner  |  05:47 PM ET, 12/18/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 05:42 PM ET, 12/18/2012

Cantor plays loyal lieutenant

In contrast to the debt ceiling talks of 2011, House Majority Leader Eric Cantor has been working during fiscal hard to cast himself in the fiscal cliff debate as a supportive, bit player to House John Boehner (R-Ohio).

By Rachel Weiner  |  05:42 PM ET, 12/18/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 04:12 PM ET, 12/18/2012

Rubio responds to Plan B: Raising taxes not the right way

Conservatives are giving measured responses to a plan that would increase taxes on millionaires

By Natalie Jennings  |  04:12 PM ET, 12/18/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 03:45 PM ET, 12/18/2012

House Dems #Befuddled by 'Plan B'

House Speaker John A. Boehner's plan to raise taxes only on households earning $1 million or more is upsetting House Democrats so much that they're using a Twitter hashtag to express their disapproval.

By Ed O'Keefe  |  03:45 PM ET, 12/18/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 01:44 PM ET, 12/18/2012

House GOP will get 'Plan B' details

House Republicans will hold a 5 p.m. closed-door meeting, their second of the day, to get briefed by Boehner on the specifics of legislation he will advance as his "plan b" to avoid the fiscal cliff.

By Rosalind S. Helderman  |  01:44 PM ET, 12/18/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 01:30 PM ET, 12/18/2012

Five 'fiscal cliff' sticking points

President Obama's latest fiscal cliff offer has brought the outlines of a final deal into focus. But there are still some major sticking points and outstanding questions that have to be resolved before a final deal will be able to pass Congress.

By Suzy Khimm  |  01:30 PM ET, 12/18/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 01:09 PM ET, 12/18/2012

Carney: No 'broken promise'

The Obama spokesman said extending tax cuts for those making up to $400K would not violate campaing pledge.

By Scott Wilson and Natalie Jennings  |  01:09 PM ET, 12/18/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 12:46 PM ET, 12/18/2012

Everyone gets benefits

A solid majority of Americans say they have received benefits from six of the nation's best-known federal entitlement programs, according to a survey released Tuesday by the Pew Research Center.

By Michael A. Fletcher  |  12:46 PM ET, 12/18/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 12:42 PM ET, 12/18/2012

Why the GOP needs a deal

Smart people on both sides believe a deal is near.

By Chris Cillizza  |  12:42 PM ET, 12/18/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 11:38 AM ET, 12/18/2012

White House: 'Plan B' no good

The White House has come out against the 'Plan B' proposed by House Speaker John Boehner (R-Ohio), which would raise taxes on income over $1 million a year.

By Rachel Weiner  |  11:38 AM ET, 12/18/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 11:25 AM ET, 12/18/2012

Democrats to oppose 'Plan B'

House Minority Whip Steny Hoyer (D-Md.) told reporters Tuesday that Democratic leaders will urge their members to vote against Boehner's "Plan B", meaning Boehner will have to scrounge up enough votes from his own contentious caucus if he wishes to pass the idea through the House.

By Rosalind S. Helderman  |  11:25 AM ET, 12/18/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:20 AM ET, 12/18/2012

Boehner's 'Plan B' gets mixed reaction from House GOP

"There wasn't applause. There wasn't outrage," said Rep. Sean Duffy (R-Wisc.).

By Rosalind S. Helderman  |  10:20 AM ET, 12/18/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:07 AM ET, 12/18/2012

'Fiscal cliff' could ruin Obama's vacation

Among the list of potential fiscal cliff casualties federal jobs, middle-class taxes there's one that President Obama isn't talking about: his own Hawaii vacation.

By David Nakamura  |  10:07 AM ET, 12/18/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 08:00 PM ET, 12/17/2012

Obama drops tax ask to $1.2 trillion

In pursuit of a fiscal-cliff compromise, President Obama offers to slow the growth of Social Security benefits and lower his demand for new taxes, according to a person familiar with the talks.

By Lori Montgomery  |  08:00 PM ET, 12/17/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 11:47 AM ET, 12/17/2012

Obama, Boehner met at White House

President Obama and House Speaker John Boehner (R-Ohio) are meeting at the White House to discuss ongoing "fiscal cliff" negotiations.

By Paul Kane  |  11:47 AM ET, 12/17/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff, White House

Posted at 10:10 AM ET, 12/14/2012

What's next for fiscal cliff? Nobody knows

Not one single event is currently scheduled for Friday on Capitol Hill to address the approaching fiscal cliff.

By Rachel Weiner  |  10:10 AM ET, 12/14/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 12:26 PM ET, 12/13/2012

Cantor says weekend session likely before Christmas

Members are advised to make their holiday plans flexible

By Ed O'Keefe  |  12:26 PM ET, 12/13/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 11:29 AM ET, 12/13/2012

Obama doing local TV interviews

Interviews with reporters from Philadelphia, Miami, Minneapolis and Sacramento are embargoed until 5 p.m.

By Natalie Jennings  |  11:29 AM ET, 12/13/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 12:43 PM ET, 12/12/2012

Democratic official: GOP offer makes tax cuts for rich

Another sign talks to avoid fiscal cliff are deteriorating

By Lori Montgomery  |  12:43 PM ET, 12/12/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:59 AM ET, 12/12/2012

'Fiscal cliff' talks on verge of impasse

Talks to avert the year-end fiscal cliff appeared on the verge of a significant impasse Wednesday morning after late-night attempts to prevent negotiations from breaking down that yielded no significant progress.

By By Ed O'Keefe, Lori Montgomery and Paul Kane  |  10:59 AM ET, 12/12/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:16 AM ET, 12/12/2012

DCCC airing 'fiscal cliff' attack ads aimed about GOP House members

Democrats want a vote on lowering tax rates for those making under $250,000.

By Natalie Jennings  |  10:16 AM ET, 12/12/2012 |  Permalink  |  Comments ( 0)
Tags:  Campaign 2014, Congress, Fiscal Cliff

Posted at 04:46 PM ET, 12/11/2012

John Boehner has sent Obama new counter-offer

House Speaker John A. Boehner (R-Ohio) has sent a counter-offer to President Obama to avert the series of looming of tax increases and spending cuts, but his office declined to share details of the offer.

By Ed O'Keefe  |  04:46 PM ET, 12/11/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 03:21 PM ET, 12/11/2012

Harry Reid: 'Fiscal cliff' deal before Christmas will be difficult

Senate Majority Leader Harry Reid (D-Nev.) told reporters on Tuesday that it will be "extremely difficult" to get a deal done to avert the fiscal cliff before Christmas.

By Natalie Jennings and Ed O'Keefe  |  03:21 PM ET, 12/11/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 12:20 PM ET, 12/11/2012

Boehner: We need spending cuts from Obama

House Speaker John A. Boehner (R-Ohio) said Tuesday that he remains hopeful that he can reach a deal with President Obama to avert the year-end fiscal cliff, but the onus is now on Obama to put spending cuts on the table as part of a deficit reduction.

By Rosalind S. Helderman  |  12:20 PM ET, 12/11/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 11:04 AM ET, 12/11/2012

The outside game: Obama calls vs. Crossroads ads

Republican outside groups are using "fiscal cliff" negotiations to put pressure on vulnerable Democrats up for reelection in 2014.

By Rachel Weiner  |  11:04 AM ET, 12/11/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 11:02 AM ET, 12/11/2012

McConnell: No deal until Obama outlines spending cuts

Senate Minority Leader says there has been more talk of revenue than cuts.

By Ed O'Keefe  |  11:02 AM ET, 12/11/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 12:24 PM ET, 12/10/2012

Lindsey Graham to Obama: How about 'manning up' on debt?

Graham said Obama's proposed solutions are "small ball"

By Natalie Jennings  |  12:24 PM ET, 12/10/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:32 AM ET, 12/10/2012

Elizabeth Warren won't endorse a 'fiscal cliff' plan

Warren struck an milder-than-expected tone in a Globe interview.

By Natalie Jennings  |  10:32 AM ET, 12/10/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 12:33 PM ET, 12/07/2012

Pelosi not sure 37 percent rate is enough

House Minority Leader Nancy Pelosi (D-Calif.) cast doubt on Friday that allowing the top marginal tax rate to rise merely from 35 to 37 percent would raise sufficient revenue to significantly address the nation's debt problem.

By Rosalind S. Helderman  |  12:33 PM ET, 12/07/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 11:22 AM ET, 12/07/2012

Boehner: 'There's no progress to report'

House Speaker John A. Boehner (R-Ohio) said Friday there has been "no progress" on talks to avert the year-end fiscal cliff, despite a phone call with President Obama Wednesday that Boehner termed "pleasant."

By Rosalind S. Helderman  |  11:22 AM ET, 12/07/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 10:59 AM ET, 12/07/2012

'Amazing Kreskin' can solve this fiscal cliff thing

The 'world's most renowned mentalist' wants to use his powers on Washington.

By Lori Montgomery  |  10:59 AM ET, 12/07/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 04:50 PM ET, 12/06/2012

Bill Clinton: 'Don't get too disgusted'

Former president Bill Clinton, who knows a thing or two about tangling with House Republicans, has some advice for anyone annoyed by the current state of negotiations.

By Rachel Weiner  |  04:50 PM ET, 12/06/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 10:44 AM ET, 12/06/2012

Jindal to GOP: You look terrible

Short summary of story

By Natalie Jennings  |  10:44 AM ET, 12/06/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 10:21 AM ET, 12/06/2012

McConnell: Let's vote on debt ceiling now

Senate Minority Leader Mitch McConnell (R-Ky.) proposed Thursday that the Senate hold an immediate vote on a proposal from President Obama that would essentially give the president the ability to unilaterally raise the nation's debt ceiling.

By Rosalind S. Helderman  |  10:21 AM ET, 12/06/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 08:31 AM ET, 12/06/2012

Growing GOP group wants to give up on Bush tax cuts

A growing chorus of Republicans is urging House leaders to abandon their staunch opposition to higher tax rates for the wealthy with the aim of clearing the way for a broad deal that would also rein in the cost of federal health and retirement programs.

By Lori Montgomery and Rosalind S. Helderman,  |  08:31 AM ET, 12/06/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 04:20 PM ET, 12/05/2012

Pelosi: No reason to raise Medicare eligibility age

In an interview with the Plum Line, House Minority Leader Nancy Pelosi (D-Calif.) came out strongly against raising the Medicare eligibility age and said that such a reform was unlikely to appear in a final "fiscal cliff" deal.

By Rachel Weiner  |  04:20 PM ET, 12/05/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 01:37 PM ET, 12/05/2012

Tom Coburn prefers tax rate increase to deduction caps

Sen. Tom Coburn (R-Okla.) said Wednesday that he would rather raise tax rates than eliminate loopholes and deductions in a "fiscal cliff" deal.

By Rachel Weiner  |  01:37 PM ET, 12/05/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 01:06 PM ET, 12/05/2012

No Christmas for Congress without a fiscal cliff deal

Cantor's announcement is the first signal that lawmakers may in fact find themselves stuck in Washington over Christmas

By Ed O'Keefe  |  01:06 PM ET, 12/05/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 11:32 AM ET, 12/05/2012

Obama on debt ceiling fight: I will not play that game'

President Obama forcefully rejected any notion on Wednesday that he would allow Republicans to use the debt limit as a way to force tax and spending concessions on Democrats.

By Zachary A. Goldfarb  |  11:32 AM ET, 12/05/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 05:37 PM ET, 12/04/2012

Reid promises filibuster reform: We're going to change the rules'

Senate Majority Leader Harry M. Reid (D-Nev.) confirmed Tuesday that he will move to change rules governing filibusters in the Senate when a new session of Congress opens next month.

By Rosalind S. Helderman  |  05:37 PM ET, 12/04/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 04:01 PM ET, 12/04/2012

Boehner wants a new offer from President Obama

House Speaker John Boehner (R-Ohio) said Tuesday that President Obama has shown no real interest in avoiding the fiscal cliff.

By Rachel Weiner  |  04:01 PM ET, 12/04/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 01:29 PM ET, 12/04/2012

Obama: GOP fiscal cliff' offer out of balance'

He remains firmly committed to his demand that the GOP to agree to raise tax rates on the wealthiest 2 percent of Americans.

By David Nakamura  |  01:29 PM ET, 12/04/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff, White House

Posted at 10:20 AM ET, 12/04/2012

Pelosi will attempt to force tax cut vote later this month

Majority Leader Harry M. Reid (D-Nev.) said Tuesday that House Minority Leader Nancy Pelosi (D-Calif.) will move Tuesday to attempt to force a vote on extending tax cuts on income less than $250,000.

By Rosalind S. Helderman  |  10:20 AM ET, 12/04/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 09:18 AM ET, 12/04/2012

Jim DeMint: Boehner's offer will destroy American jobs'

Sen. Jim DeMint (R-S.C.) is out with a statement blasting House Speaker John Boehner's "fiscal cliff" proposal, saying the plan would "destroy American jobs."

By Rachel Weiner  |  09:18 AM ET, 12/04/2012 |  Permalink  |  Comments ( 0)
Tags:  Congress, Fiscal Cliff

Posted at 08:36 AM ET, 12/04/2012

Defense industry accepts that cuts are probably coming

As negotiations to avoid a year-end fiscal cliff drag on, some defense industry executives have begun to acknowledge that avoiding significant cuts to weapons programs may be impossible over the long term.

By Marjorie Censer  |  08:36 AM ET, 12/04/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 07:44 AM ET, 12/04/2012

What the fiscal cliff means for you

President Obama and Congress negotiate (or at least, try to negotiate) a plan to avoid the fiscal cliff, use this tool to estimate how your family would be affected by some of the options proposed in the past.

By Rachel Weiner  |  07:44 AM ET, 12/04/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 02:54 PM ET, 12/03/2012

Harry Reid to Republicans: You're doing it wrong'

Senate Majority Leader Harry M. Reid (D-Nev.) bitingly counseled Republicans Monday that they're negotiating tactics on ways to avoid the so-called "fiscal cliff" are faulty.

By Rosalind S. Helderman  |  02:54 PM ET, 12/03/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 12:39 PM ET, 12/03/2012

Boehner to attend awkward White House holiday party

A possible conversation starter: Boehner's contention on Fox News Sunday" that Right now, I would say we're nowhere, period. We're nowhere.

By Rachel Weiner  |  12:39 PM ET, 12/03/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 12:21 PM ET, 12/03/2012

Obama uses campaign footage to push tax plan

In the latest in a series of attempts to involve his supporters in the "fiscal cliff" fight, President Obama has released a web video emphasizing his commitment to raise taxes on the top 2 percent.

By Rachel Weiner  |  12:21 PM ET, 12/03/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 09:09 AM ET, 12/03/2012

How Obama would cut Medicare spending

Over at Wonkblog, Sarah Kiliff explains how President Obama's "fiscal cliff" proposal would cut health-care spending by $360 billion.

By Sarah Kliff  |  09:09 AM ET, 12/03/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 08:52 AM ET, 12/03/2012

Business owners: Don't cut entitlements to save tax cuts

As lawmakers try to strike a deal to avert the fiscal cliff, many small business owners have expressed concerns about the impact of potential changes to the tax code.

By J.D. Harrison  |  08:52 AM ET, 12/03/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 08:32 AM ET, 12/03/2012

Lawmakers head toward the fiscal cliff'

Lawmakers and congressional aides tracking the back-and-forth said there's a growing probability that no deal will be reached in time to avoid the fiscal cliff.

By Zachary A. Goldfarb  |  08:32 AM ET, 12/03/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 05:20 PM ET, 11/30/2012

White House seeks Aug. 1 deadline for tax reform

President Obama is seeking an Aug. 1 deadline for overhauling the tax code and making changes to expensive federal health programs, the final pieces of what the administration conceives as a far-reaching plan to rein in the national debt, senior administration officials said Friday.

By Lori Montgomery  |  05:20 PM ET, 11/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 03:34 PM ET, 11/30/2012

Tom Cole: Opinion in GOP on Bush tax cuts split'

Rep. Tom Cole (R-Okla.) tells the Weekly Standard that opinion on his proposal to extend the Bush tax cuts for income under $250,00 is "split."

By Rachel Weiner  |  03:34 PM ET, 11/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 02:07 PM ET, 11/30/2012

McConnell pushes entitlement wish list

While House Speaker John Boehner (R-Ohio) tells reporters that "fiscal cliff" negotiations are at a "stalemate," Senate Minority Leader Mitch McConnell (R-Ky.) tells the Wall Street Journal he has a new offer.

By Rachel Weiner  |  02:07 PM ET, 11/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 01:00 PM ET, 11/30/2012

John Boehner: There's a stalemate we're almost nowhere'

House Speaker John A. Boehner (R-Ohio) declared Friday that talks to avert the so-call year-end "fiscal cliff" have now reached a "stalemate."

By Rosalind S. Helderman  |  01:00 PM ET, 11/30/2012 |  Permalink  |  Comments ( 0)
Tags:  Fiscal Cliff

Posted at 12:08 PM ET, 11/30/2012

Obama to set red line around taxes for the rich

President Obama on Friday is planning to set a red line around raising tax rates on the wealthy .

By Zachary A. Goldfarb  |  12:08 PM ET, 11/30/2012 |  Permalink  |  Comments ( 0)
Tags:  fiscal cliff

Posted at 10:39 AM ET, 11/30/2012

McConnell: Obama plan made me burst into laughter'

He wasn't trying to be rude, McConnell explained; it was just his natural reaction to a deal that contained $1.6 trillion in new taxes and $50 billion in new spending.

By Rachel Weiner  |  10:39 AM ET, 11/30/2012 |  Permalink  |  Comments ( 0)
Tags:  fiscal cliff