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fiscal cliff News

White House informs Congressman Ryan it will miss budget deadline

Citing the late conclusion of the 'fiscal cliff' negotiation, the White House informed House Budget Committee Chairman Paul Ryan that it would not submit a budget on time - an action that is required by law.

California's budget deficit is gone, Gov. Jerry Brown declares

Sacramento - The Liberal Democrat Governor has introduced a plan that would give California a long-awaited surplus of $1 billion; the Governor also wants to renew funding of education and social programs.

Bowles: Fiscal cliff deal a 'missed opportunity'

Speaking to the financial and general news press, Fix The Debt Coalition Co-founder Erskine Bowles characterized the 'fiscal cliff' solution as a 'missed opportunity.'

Fiscal cliff winners: NASCAR, Hollywood and, above all, Wall St.

Washington - While neither Democrats nor Republicans can claim victory in the wake of the fiscal cliff deal, there were some definite winners emerging as details of the agreement have been pored over.

Poll: Most Americans predict economic difficulty for U.S. in 2013

Washington - It's not even one full week into the year 2013, but it appears that a significant number of Americans are already pessimistic about the nation's economy entering a brand new year. A new poll showed an overwhelming number expects a difficult economic year.

Boehner to Reid in fiscal cliff saga: 'Go f*ck yourself'

Washington - Things got a little heated during the negotiations that ultimately led to a deal between Congressional Democrats and Republicans that averted the so-called 'fiscal cliff.'

U.S. House passes fiscal cliff bill

The U.S. House of Representatives passed a bipartisan compromise after a late-night vote of 257-157, clearing the way for the richest Americans to pay more taxes and shielding the middle class from painful tax hikes.

House GOP leader Cantor: I do not support the 'fiscal cliff' bill

House Majority Leader Eric Cantor says he opposes the bipartisan compromise that passed the Senate in the middle of the night to avert the "fiscal cliff."

Senate backs legislation to raise taxes on wealthy Americans

Nearly two hours after the midnight deadline to keep the U.S. from diving off the so called "fiscal cliff," the Senate overwhelmingly approved an agreement to raise taxes on the wealthy.

Op-Ed: Is America's fiscal cliff crisis over?

America's so-called fiscal cliff has left world markets teetering. So much that goes on in America affects the rest of the World. Is the fiscal cliff crisis over or is there simply temporary respite?

Op-Ed: Fiscal cliff deal reached at last minute

Washington - According to a source within the Obama administration, a deal has been reached to avoid the fiscal cliff and also delay huge spending cuts by two months

Op-Ed: Stock markets volatile as fiscal cliff looms

Washington - While US stocks declined last Friday, futures were up this morning. However at the open this morning the market seems uncertain which way to go with indices mixed.

Op-Ed: Fiscal cliff — Another last ditch appeal by President Obama

Time is running out for the USA. As the country approaches what has been called the fiscal cliff a compromise between Democratic and Republican politicians seems as far away as ever.

Op-Ed: The disaster factory rides again — US Congress fails as usual

Sydney - If there was ever a contradiction in terms, “Congressional leadership” truly defines the expression. The disaster factory is well and truly back in business. After 5 years of massive, humiliating hits to the US economy, they’ve done it again.

US markets pare losses at close on optimism on fiscal cliff deal

Washington - US stocks were able to pare most losses during the day in the final hour of trading. John Boehner has called for the House of Representatives to convene on December 30, again raising hopes of a deal before January 1.

Boehner refuses to convene the House as fiscal cliff looms larger

Washington - With only five days left to reach an agreement to avoid falling off the "fiscal cliff", House Speaker John Boehner and House leadership refused to return to Washington, instead insisting that the Senate pass a measure first.

Starbucks on fiscal cliff debate: You guys need to work together

Starbucks CEO Howard Schlultz, responding to the "fiscal cliff" battle between Democrats and Republicans, instructed DC-area Starbucks shops to write "Come Together" on all cups of coffee sold.

Op-Ed: Poll shows most people support Obama on tax cuts

A poll taken in July of this year showed a majority of registered voters favored extension of the Bush tax cuts for all. A new poll in December, shows a majority now favor Obama's position that tax cuts expire for those earning more than $250,000 a year.

Op-Ed: Obama to cut Xmas vacation short to deal with fiscal cliff

Kailua - President Obama is planning to cut short his Christmas vacation and return to Washington. He will make a final attempt to reach a deal with the Republicans, even though a compromise looks to be quite difficult to achieve.

U.S. Tea Party on the sidelines, clout significantly weakened

Thanks to President Obama's reelection, the Tea Party's clout has drastically weakened over the past few months. During the fiscal cliff debate, Tea Party leaders have notably taken to the sidelines, preferring to remain silent over the issue.

Op-Ed: Anti-tax zealots willing to jump over fiscal cliff to avoid taxes

Boston - After rejecting Speaker Boehner's proposal to raise taxes on those earning more than a million a year, some anti-tax conservatives are now ready to commit suicide by opting to go over the fiscal cliff with no deal.

Op-Ed: No Xmas deal to avoid fiscal cliff

Washington - The US Congress and President Obama have left town for Xmas without any deal to avoid the "fiscal cliff" at the end of the year. The vision of a grand scheme is long gone. What remains is at most some temporary fix or stop-gap solution.

House Speaker Boehner takes political hurt in fiscal cliff battle

With regards to the fiscal cliff battle, it looks as if the future of GOP House Speaker John Boehner of Ohio is uncertain. He said that the US House of Representatives has done its part and now it's time for President Barack Obama to do his part.

Obama: 'Nobody can get 100 percent of what they want'

Washington - Less than 24 hours after Speaker John Boehner was forced to pull his fiscal cliff bill from the House floor after he could not get enough Republican votes, House Republicans have yet to offer a new proposal to the White House.

Americans dangling on fiscal cliff as GOP adjourns, reconvenes

Washington - House Speaker John Boehner's plan to vote on his "Plan B" fiscal cliff proposal was met with stiff opposition by members of his own party on Thursday.

Rand Paul: Tax the rich is no real solution, fantasyland rhetoric

Washington - As the Republican leadership and President Barack Obama debate over the upcoming fiscal cliff that will lead to an increase in taxes for 90 percent of Americans, one Republican senator says it's all about too much spending in Washington.

Op-Ed: Parties compromise as deal on fiscal cliff appears closer

Washington - Just two weeks before the US arrives at the edge of the fiscal cliff, both President Obama and Republican house speaker John Boehner are making some compromises in signs that a deal may soon be possible.

Op-Ed: Obama's re-election ensures economic tsunami

Washington - Tuesday, President Obama further indicated his re-election entitles him to dictate dangerous legislation when he rejected a Republican "Plan B" that would avert looming tax increases and severe spending cuts should negotiations stall.

Boehner rejects President's fiscal cliff concession

Washington - President Obama has presented a new offer to House Speaker John Boehner, hoping to bridge the gap between the White House and Republicans and avoid falling off the "fiscal cliff".

Boehner agrees to tax hike

Washington - House Speaker John Boehner is apparently giving in to the Democrats, as well as fellow Republicans, agreeing to a millionaire tax hike.
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Euroman and Uncle Sam fiscal cliff cartoon.
Euroman and Uncle Sam fiscal cliff cartoon.
A cartoon of the fiscal cliff  Grand Bargain.
A cartoon of the fiscal cliff "Grand Bargain."
House Majority Leader Eric Cantor  R-Va.  walks out of a Republican conference meeting in the U.S. C...
House Majority Leader Eric Cantor, R-Va., walks out of a Republican conference meeting in the U.S. Capitol.
Scranton s favorite son Joe Biden emerges from talks on the fiscal cliff with a smile.
Scranton's favorite son Joe Biden emerges from talks on the fiscal cliff with a smile.

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