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fiscal cliff

fiscal cliff

Senate Majority Leader Harry Reid (D-NV) ignores questions from reporters after meeting with President Obama and other Congressional leaders at the White House,
Senate Majority Leader Harry Reid (D-NV) ignores questions from reporters after meeting with President Obama and other Congressional leaders at the White House. (Drew Angerer/Getty Images)
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Fiscal Cliff Deal Not Likely To Meet Expectations [VIDEO]

Whether negotiated in a rush before the new year or left for early January, the fiscal deal President Barack Obama and Congress cobble together will be far smaller than what they initially envisioned as an alternative to purposefully distasteful tax increases and spending cuts.

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Speaker of the House John Boehner (R-OH) leaves his office and walks toward the exit on Capitol Hill
Speaker of the House John Boehner (R-OH) leaves his office and walks toward the exit on Capitol Hill (Drew Angerer/Getty Images)
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Updated Fiscal Cliff Q+A [VIDEO]

Efforts to save the nation from going over a year-end "fiscal cliff" were still in disarray as lawmakers returned to the Capitol to confront the tax-and-spend crisis.

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Senate Majority Leader Harry Reid (D-NV) leaves the White House after meeting with President Barack Obama and other Congressional leaders
Senate Majority Leader Harry Reid (D-NV) leaves the White House after meeting with President Barack Obama and other Congressional leaders (Win McNamee/Getty Images)
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Senate Leaders Seek Fiscal Deal [VIDEO]

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.

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Weekly Address: Fiscal Cliff [VIDEO]

 President Barack Obama is urging Congress to reach a deal to avoid the fiscal cliff, saying the nation "can't afford a politically self-inflicted wound to our economy."

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Obama: Fiscal Talks Were ‘Constructive’ [VIDEO]

President Barack Obama says "the hour for immediate action is here" on a deal to avert the fiscal cliff.

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Stocks
John Moore, Getty Images
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Stocks Tumble Again on ‘Fiscal Cliff’ Fears

Stocks fell for a fifth day on concern that Washington lawmakers will fail to reach a budget deal before a self-imposed year-end deadline.

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Congress Returns To Work As Fiscal Cliff Deadline Looms (Photo by Drew Angerer/Getty Images)
Congress Returns To Work As Fiscal Cliff Deadline Looms (Photo by Drew Angerer/Getty Images)
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“God Only Knows” How a Deal Can be Reached Now, Boehner Says

Efforts to save the nation from going over a year-end "fiscal cliff" were in disarray as lawmakers fled the Capitol for their Christmas break. "God only knows" how a deal can be reached now, House Speaker John Boehner declared.

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White House Meeting a Last Stab at a Fiscal Cliff Deal

Amid partisan bluster, top members of Congress and President Barack Obama were holding out slim hopes for a limited fiscal deal before the new year. But even as congressional leaders prepared to convene at the White House, there were no signs that legislation palatable to both sides was taking shape.

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Stocks Ride Roller Coaster on “Fiscal Cliff” Talks

The stock market erased most of an early loss in late trading after Republicans said they would reconvene the House of Representatives Sunday in hopes of piecing together a last-minute budget deal.

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Obama Back from Hawaii, Congress Bickers on Cliff [VIDEO]

President Barack Obama returned to the White House on Thursday from a vacation shortened by government gridlock while congressional Democrats and Republicans snarled across a partisan divide without evidence of compromise on a year-end "fiscal cliff" that threatened across-the-board tax increases and cuts to government programs.

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