fiscal cliff

There's been a lot of talk in New Jersey about taxpayer-funded entitlements for public employees. Governor Chris Christie asked for and got some reforms in the areas of public workers' pension and health care payments.

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President Barack Obama had a clear political edge in his fight with Republicans over the fiscal cliff, and used it to his advantage. In the upcoming battle over federal borrowing and spending, the leverage will be more evenly divided and the outcome less predictable.

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Gov. Chris Christie says his praise of President Barack Obama's visit to the Jersey Shore after Hurricane Sandy and his smackdown last week of House Speaker John Boehner for delaying a vote on a $60.4 billion storm-aid package are part of the job.

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The nonpartisan scorekeeper for Congress says the legislation passed earlier this week to avert the "fiscal cliff" could still leave in place deficits averaging more than $900 billion a year over the coming decade if Congress fails to follow its tax increases up with spending cuts.

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The House has overwhelmingly approved $9.7 billion to pay flood insurance claims for the many home and business owners flooded out by Superstorm Sandy.

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Debate has started on a $9.7 billion measure to pay flood insurance claims is set for a vote in Congress, boosting prospects for relief for the many home and business owners flooded out by Superstorm Sandy.

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Most Jersey residents are happy we didn't go over the 'fiscal cliff' this week. But many are not exactly thrilled with the deal that was worked out, especially in the business community.

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Thanks to the last minute deal reached in Washington, we didn't go off the "fiscal cliff," so what's next for the economy?

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Leaders in Washington managed to avoid putting the country over the dreaded "fiscal cliff," but the last-minute agreement failed to include a perk Americans have been enjoying for the past two years.

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Late yesterday afternoon, members of the New Jersey and New York congressional delegation announced that Republican House Speaker John Boehner has scheduled a vote on a $9 billion flood insurance bill tomorrow and vote on a $51 billion Sandy Relief package January 15th.

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