FISCAL CLIFF STORIES
President Barack Obama has signed a bill that boosts taxes on the wealthiest Americans, while preserving tax cuts for most American households.
In the wake of the fiscal cliff legislation that moved rapidly through Congress over the past few days, US News & World Report took a look at what other elements were in the $4 billion bill.
House Republicans -- including a top leader -- expressed opposition Tuesday to the Senate-approved fiscal cliff agreement because it lacks sufficient spending cuts, complicating its chances of final passage.
The Senate passed legislation early New Year's Day to neutralize a fiscal cliff combination of across-the-board tax increases and spending cuts that kicked in at midnight.
House GOP sources said Monday afternoon the House is increasingly unlikely to vote on any fiscal cliff package until New Year's Day, after the midnight deadline and after tax rates have technically already gone up.
Federal and state tax systems are so intertwined that taxpayers will find it nearly impossible to file a state tax return - or get a timely refund - until Congress resolves the current fight over tax policy.
President Obama said Monday that Congress is making progress on a short-term deal to avoid the fiscal cliff series of tax hikes and spending cuts scheduled to strike at midnight.
Senate leaders are rushing to assemble a last-ditch agreement to avoid middle-class tax increases and possibly delay steep spending cuts in an urgent attempt to find common ground after weeks of postelection gridlock.
With the "fiscal cliff" clock winding down, President Barack Obama will meet with congressional leaders at the White House on Friday.
President Barack Obama and members of Congress are heading back to Washington -- but that doesn't mean there's hope of a deal to avoid the "fiscal cliff."
Tax experts tell us what we can do now to prepare for what's to come.
Starbucks is using coffee cups to jump into the political fray in Washington.
Obama was expected to arrive in Washington early Thursday.
With time running out, lawmakers are finger pointing about the lack of progress on averting tax hikes and deep spending cuts set to begin next month.
President Barack Obama says he is "ready and willing" to get a big package done to deal with the "fiscal cliff" and says there's no reason not to protect middle-class Americans from tax increases.
House Speaker John Boehner, R-Ohio, said Friday he will continue looking for ways to resolve the "fiscal cliff" even after fellow Republicans rejected his proposed "Plan B."
There's a lull in the fiscal cliff talks as the White House and leading congressional Democrats have rejected the "Plan B" presented by House Speaker John Boehner.
Boehner presented a plan to move forward with a bill that will raise tax rates for Americans making more the $1 million if they fail to reach a final deal with President Obama.
President Obama and House Speaker John Boehner met privately Thursday after another day of back-and-forth over tax hikes, spending cuts and efforts to avoid the year-end "fiscal cliff."
President Obama and aides believe they have the upper hand with public opinion, but there are also risks for them as the government approaches the fiscal cliff.
Investors will be focusing on every headline, rumor and new proposal that emerges from politicians from both parties in their very public spat on how to fix the nation's fiscal problems.
The Obama administration says Republicans have to accept higher taxes on the wealthy. Republicans say the White House has to be more specific about spending cuts on entitlement programs.
Republican congressional leaders are accusing Democrats of moving the nation closer to the "fiscal cliff," by refusing to outline possible spending cuts.
There's been lots of talk, but apparently little progress made in averting the sharp tax increases and deep spending cuts set to take effect in January.
Workers in the pension industry have launched a pre-emptive public relations campaign aimed at stopping Congress from limiting benefits for popular 401K savings programs.