WASHINGTON (Reuters) – The U.S. government stumbled headlong on Friday toward spending cuts that could dampen the economy and curb military readiness, after President Barack Obama and congressional leaders failed to find an alternative budget […]
The nation’s long-term fiscal outlook hasn’t significantly improved following the recent agreement between Congress and the White House over tax and spending issues, according to a new analysis. The “fiscal cliff” deal, combined with the […]
The media portrayal of the fiscal cliff standoff (and the debt-ceiling talks from which it sprang) generally portrayed President Barack Obama and the Democrats as pragmatists attempting to negotiate with intransigent Republican ideologues. But as […]
(CNSNews.com) – The U.S. Senate voted 89-8 to approve legislation to avoid the fiscal cliff despite having only 3 minutes to read the 154-page bill and budget score. Multiple Senate sources have confirmed to CNSNews.com […]
According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of […]
Even if Congress manages to come up with a solution to avert the “fiscal cliff,” a combination of year-end tax increases and spending cuts, it won’t be worth anything because it’ll probably only deal with […]
The Fiscal Cliff Explained “Fiscal cliff” is the popular shorthand term used to describe the conundrum that the U.S. government will face at the end of 2012, when the terms of the Budget Control Act […]
The good news: It won’t be the end of the world. The bad news: Going over the cliff could create problems that no one should have to deal with, simply because Congress and the White […]
WASHINGTON — Efforts to save the nation from going over a year-end “fiscal cliff” were in disarray as lawmakers fled the Capitol for their Christmas break. “God only knows” how a deal can be reached now, […]
Top U.S. lawmakers voiced rising fear on Sunday that the country would go over “the fiscal cliff” in nine days, triggering harsh spending cuts and tax hikes, and some Republicans charged that was President Barack […]
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