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Consumer Confidence Drops On Fiscal Cliff Fears

U.S. consumer confidence tumbled in December, driven lower by fears of sharp tax increases and government spending cuts set to take effect next week.

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Flickr User VintageREcall
Flickr User VintageREcall
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No Deal in Sight as Deadline for Fiscal Cliff Deal Nears

Progress toward avoiding the "fiscal cliff" seemed stalled Thursday, as the Senate's top Democrat accused Republican House Speaker John Boehner of acting in dictatorial ways that prevent a solution to looming tax hikes and spending cuts.

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U.S. Senate Majority Leader Senator Harry Reid (Photo by Alex Wong/Getty Images)
U.S. Senate Majority Leader Senator Harry Reid (Photo by Alex Wong/Getty Images)
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Harry Reid: We’re Headed Over the Fiscal Cliff

Senate Majority Leader Harry Reid says the government appears headed over the so-called fiscal cliff because of a lack of progress in bipartisan negotiations.

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President Barack Obama greets well wishers before boarding Air Force One at Joint Base Pearl Harbor-Hickam in Honolulu, Hawaii.
President Barack Obama greets well wishers before boarding Air Force One at Joint Base Pearl Harbor-Hickam in Honolulu, Hawaii.(Kent Nishimura - Pool/Getty Images)
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No Deal In Sight As Deadline For Fiscal Deal Nears [VIDEO]

Lawmakers are engaged in a playground game of "who goes first," daring each political party to let the year end without resolving a Jan. 1 confluence of higher taxes and deep spending cuts that could rattle a recovering, but-still-fragile economy.

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Money
Flickr User 401k
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“Fiscal Cliff” Looms, No Progress Seen

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."

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President Obama Delivers Statement On Fiscal Cliff (Photo by Alex Wong/Getty Images)
President Barack Obama (Alex Wong, Getty Images)
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Obama Vacation Cut Short Under Looming Fiscal Cliff Crisis

With a year-end deadline looming before the economy goes over the so-called fiscal cliff, President Barack Obama is cutting short his traditional Christmas holiday in Hawaii, planning to leave for Washington on Wednesday evening.

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Money Stack
Flickr Member forwardstl
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What’s Ahead For The 2013 Economy?

The economy in the coming new year has one Jersey analyst seeing a, "blizzard of uncertainty." And yes, a lot of it has to do with the fiscal cliff and whether we all go over it.

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President Obama
President Obama (YouTube)
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Lawmakers See ‘Fiscal Cliff’ Deal As Elusive

Lawmakers say it'll be time to get back to work when they and President Barack Obama return to Washington on Thursday following the Christmas holiday.

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Speaker of the House John Boehner (R-OH) (2nd R) walks to a press conference with House Majority Leader Eric Cantor (R-VA) (L) at the U.S. Capitol
Speaker of the House John Boehner (R-OH) (2nd R) walks to a press conference with House Majority Leader Eric Cantor (R-VA) (L) at the U.S. Capitol (Win McNamee/Getty Images)
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Fiscal Cliff Q&A

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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President Barack Obama speaks about the economy at the Daimler Detroit Diesel engine plant in Redford, Michigan
Bill Pugliano, Getty Images
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Obama ‘Ready and Willing’ to Get Deal on Fiscal Cliff

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.

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