fiscal cliff

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 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 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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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 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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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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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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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 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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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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