fiscal cliff

President Barack Obama says he'll press ahead with Congress to prevent across-the-board tax increases set to strike taxpayers Jan. 1 after House GOP leaders unexpectedly put off a vote on legislation calling for higher rates on million-dollar earners.

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Unable to round up enough support, House Republicans abruptly put off a vote Thursday night on legislation allowing tax rates to rise for households earning $1 million and up, complicating attempts to avoid a year-end fiscal cliff that threatens to send the economy into recession.

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The Republican-controlled House pushed ahead Thursday with a bill that would raise taxes on people earning over $1 million a year as hopes faded for a pre-Christmas deal between President Barack Obama and Speaker John Boehner to avert the so-called "fiscal cliff."

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The "fiscal cliff" talks are at a partisan standoff.

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President Barack Obama says he is prepared to do "tough things" for a "fiscal cliff" deal and says there is no reason for the talks to fail.

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A safety net may be pulled out from under millions of Americans at the end of 2012, unless leaders in Washington choose to renew the program that has been keeping them afloat.

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There's a lull in the fiscal cliff talks as the White House and leading congressional Democrats have rejected the "Plan B" presented by House Speaker John Boehner.

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President Barack Obama and House Speaker John Boehner pushed ahead on negotiating a broad deal to avert the "fiscal cliff," even as the GOP leader readied a backup plan Tuesday to pressure the White House with little time left to avoid a double hit on the economy.

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President Barack Obama is narrowing a "fiscal cliff" negotiating gap with House Speaker John Boehner by backing off what had once been ironclad positions.

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White House and congressional aides have worked through the weekend on ways to avoid the "fiscal cliff," and there are signs of movement.

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