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fiscal cliff

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Fiscal Cliff Confidence Expressed By Hill Leaders [VIDEO]

Congressional leaders are expressing confidence they can reach a deal with President Barack Obama to head off the "fiscal cliff" and the risk of a new recession.

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President Barack Obama
Brendan Smialowski, Getty Images
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Fiscal Cliff is ‘Urgent Business,’ Says Obama to Hill [VIDEO]

President Obama appealed for cooperation and compromise from congressional leaders Friday, saying that surmounting the so-called fiscal cliff at year's end is "urgent business."

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President Obama speaks to reporters after viewing damage from Sandy on Staten Island
President Obama speaks to reporters after viewing damage from Sandy on Staten Island (YouTube)
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Obama On A Tricky Path In ‘Fiscal Cliff’ Talks

President Barack Obama is kicking off budget dealings with congressional leaders with new leverage from last week's big win, but he confronts a tricky path to avoiding a market-rattling "fiscal cliff."

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Stock Market
Spencer Platt, Getty Images
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Wall Street Continues to Sink Over Worries [POLL/AUDIO]

Wall Street woes again as post-election stocks slip and we draw ever-closer to the so-called, "fiscal cliff."

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President Obama
President Obama (Alex Wong, Getty Images)
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U.S. Can’t Afford Across-the-Board Tax Hike, Obama Says

President Barack Obama says the economy cannot afford a tax increase on all Americans. He's calling on congressional Republicans to support an extension of existing tax rates for households earning $250,000 or less.

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President Barack Obama addresses his supporters at the Quad at the Mississippi Valley Fairground
President Barack Obama addresses his supporters at the Quad at the Mississippi Valley Fairground in Davenport, Iowa (David Greedy/Getty Images)
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White House: Obama Proposing $1.6 Trillion In New Revenue

When he meets with about a dozen business executives at the White House today, President Barack Obama will be looking for support for $1.6 trillion in new revenue, to avoid the "fiscal cliff" in January.

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AFL-CIO President Richard Trumka (C) is surrounded by members of the media as he leaves the White House after a meeting with President Barack Obama
AFL-CIO President Richard Trumka (C) is surrounded by members of the media as he leaves the White House after a meeting with President Barack Obama (Alex Wong/Getty Images)
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Labor Heads Say Obama Backs Them On ‘Fiscal Cliff’

Labor leaders say President Barack Obama remains committed to preserving tax cuts for middle class families and ensuring that the wealthiest Americans pay more in taxes.

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U.S. Capital Building
U.S. Capital Building (Architect of the Capitol)
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What Will The Fiscal Cliff Cost You?

American consumers and businesses will pay much higher taxes next year if a package of tax increases and spending cuts known as the "fiscal cliff" takes effect as scheduled Jan. 1.

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President Obama delivers his weekly internet address
President Obama delivers his weekly internet address (YouTube)
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Obama To Discuss ‘Fiscal Cliff’ With Labor Leaders

President Barack Obama is opening a new campaign today to build pressure on Congress to cut the federal debt the way he sees fit, meeting with labor leaders who want lawmakers to raise taxes on the wealthy and prevent cuts to health benefits for seniors.

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PhotoLink, Getty Images
PhotoLink, Getty Images
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Stocks Close Barely Changed As Fiscal Crisis Looms

U.S. stocks closed nearly unchanged Monday, after a day of uneven trading plagued by investors' fears about the approaching "fiscal cliff."

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