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Tax Tip: What Has Changed Since the Fiscal Cliff?

Tax Tip: What Has Changed Since the Fiscal Cliff?

Ingram Publishing/Thinkstock(NEW YORK) — At the end of last year there was a huge debate over government spending and taxes. But when the smoke cleared, today’s complex system was left largely unchanged.”It did extend some tax breaks that expired at t…

Poll: Public Lukewarm on Cliff Deal, But Obama Bests Boehner

Poll: Public Lukewarm on Cliff Deal, But Obama Bests Boehner

MANDEL NGAN/AFP/Getty Images(NEW YORK) — Americans give a lukewarm response to last week’s agreement to avoid the fiscal cliff, albeit with higher marks for the deal to President Obama than to House Speaker John Boehner. More people in this…

Pew Survey Gives Obama Win in ‘Fiscal Cliff’ Negotiations

Pew Survey Gives Obama Win in ‘Fiscal Cliff’ Negotiations

MANDEL NGAN/AFP/Getty Images(WASHINGTON) — Who won the great “fiscal cliff” compromise battle?By an overwhelming majority, 57 percent of respondents in a new Pew Research survey say the victor was President Obama, with 48 percent giving him high marks…

Paul Ryan’s Votes on Fiscal Cliff and Sandy Could Haunt Him Four Years from Now

Paul Ryan’s Votes on Fiscal Cliff and Sandy Could Haunt Him Four Years from Now

ABC News(WASHINGTON) — These are the two Paul Ryans.There’s “Pragmatic Paul,” the compromiser, who on Tuesday voted against most of his GOP House colleagues and with President Obama to raise taxes on wealthy Americans and, on paper at least, add $4 tr…

President Obama Signs Fiscal Cliff Bill Via Autopen

President Obama Signs Fiscal Cliff Bill Via Autopen

The White House(HONOLULU) — President Obama has signed the “fiscal cliff” legislation into law via autopen from Hawaii, where he is vacationing with his family.The bill to avert the fiscal cliff arrived at the White House late Wednesday af…

Panetta Thanks Congress for Suspending Deep Pentagon Spending Cuts

Panetta Thanks Congress for Suspending Deep Pentagon Spending Cuts

Department of Defense Photo by Glenn Fawcett(WASHINGTON) — One person who breathed a particularly huge sigh of relief after Tuesday’s congressional compromise on the fiscal cliff was Defense Secretary Leon Panetta.He had already braced the Pentagon to…

Biden Basks in Glow of Successful ‘Fiscal Cliff’ Negotiations

Biden Basks in Glow of Successful ‘Fiscal Cliff’ Negotiations

Drew Angerer/Getty Images(WASHINGTON) — For Vice President Biden, the end of 2012 and beginning of 2013 was a chance for him to ride to the rescue again by using his 36-year career in the Senate and relationships on both sides of the aisle to broker a…

Vacationing Obama’s Options to Sign ‘Fiscal Cliff’ Deal Include Air Force Jet, Autopen

Vacationing Obama’s Options to Sign ‘Fiscal Cliff’ Deal Include Air Force Jet, Autopen

JIM WATSON/AFP/Getty Images(WASHINGTON) — Congress officially delivered the bill to avert the fiscal cliff to the White House Wednesday afternoon, House Speaker John Boehner’s office told ABC News.Now the question is when will the president sign…

Fiscal Cliff Deal Leaves Charities’ and NGOs’ Fears Unresolved

Fiscal Cliff Deal Leaves Charities’ and NGOs’ Fears Unresolved

Architect of the Capitol(WASHINGTON) — The fiscal cliff agreement passed late Tuesday night extends some much-needed benefits and tax breaks, but looming spending cuts leave minority and poverty-stricken communities in limbo.Leaders in the nonprofit c…

Investors See Silver Lining in Budget Deal

Investors See Silver Lining in Budget Deal

Spencer Platt/Getty Images(NEW YORK) — The major stock indexes surged on Wednesday after Congress agreed to a budget deal late Tuesday night, bringing an end — for now — to the frenzy over the nation’s fiscal cliff.”I think it symbolizes that the de…

Markets Surge After Fiscal Cliff Deal

Markets Surge After Fiscal Cliff Deal

Hemera/Thinkstock(NEW YORK) — Wall Street is poised to get a big bounce on Wednesday after the House passed the Senate’s fiscal cliff agreement. U.S. stock futures shot up after the drama finally ended late Tuesday.  Economists had warned h…

Obama Hails ‘Cliff’ Deal, Warns of Next Fiscal Fight

Obama Hails ‘Cliff’ Deal, Warns of Next Fiscal Fight

Brendan Hoffman/Getty Images(WASHINGTON) — Minutes after the House of Representatives approved a bipartisan Senate deal to avert the “fiscal cliff” and preserve Bush-era tax cuts for all Americans making less than $400,000 per year, President Obama pr…

Obama Returns to Hawaii Vacation Post-Cliff Deal

Obama Returns to Hawaii Vacation Post-Cliff Deal

White House Photo by Pete Souza(WASHINGTON) — Less than an hour after Congress and the White House resolved the fiscal cliff, President Obama boarded Air Force One to return to his planned Hawaiian holiday vacation.He boarded the plane at Joint Base A…

‘Fiscal Cliff’ Deal Also Helps Hollywood, Railroads, Rum Producers

‘Fiscal Cliff’ Deal Also Helps Hollywood, Railroads, Rum Producers

iStockphoto/Thinkstock(NEW YORK) — The “fiscal cliff” compromise has been heralded as a saving grace for middle class taxpayers, their families and the unemployed.But buried in the fine print of the 150-page deal are also some lesser-known…

House GOP Wary of Senate Deal That Could Add Trillions to Deficit

House GOP Wary of Senate Deal That Could Add Trillions to Deficit

Photo Courtesy: Architect of the Capitol(NEW YORK) — Top House Republicans Tuesday opposed a bipartisan compromise that passed the Senate in the wee hours of New Year’s Day to avert the “fiscal cliff,” as new studies conclude that the compromise on ta…

House Wrestles With ‘Fiscal Cliff’ Deal

House Wrestles With ‘Fiscal Cliff’ Deal

iStockPhoto/Thinkstock(WASHINGTON) — Following the dramatic early-morning passage of a “fiscal cliff” deal in the Senate, lawmakers in the House of Representatives huddled on New Year’s Day to decide whether they could support the same bipartisan comp…

White House Sees ‘Fiscal Cliff’ Deal as Game Changer

White House Sees ‘Fiscal Cliff’ Deal as Game Changer

(WASHINGTON) — It’s hard to find anyone in Washington happy about the outcome of the “fiscal cliff” brinksmanship.But inside the Obama White House, senior officials are elated by what they call a significant presidential achievement:…

Cliff Campaigners? Marco Rubio, Republicans Up for Election Say ‘No’ to Deal

Cliff Campaigners? Marco Rubio, Republicans Up for Election Say ‘No’ to Deal

Joe Raedle/Getty Images(WASHINGTON) — Who voted “no” on the “fiscal-cliff” deal this morning? Republicans up for re-election in 2016, that’s who.
The Senate passed its last-minute “fiscal-cliff” deal 89-8 at 1…

Senate Passes ‘Cliff’ Deal, House to Vote

Senate Passes ‘Cliff’ Deal, House to Vote

iStockphoto/Thinkstock(WASHINGTON) — Two hours after a midnight deadline for action, the Senate passed legislation early New Year’s Day to avert the so-called fiscal cliff with an overwhelming vote of 89-8. Senate passage set the stage for a final sho…

Tentative Deal Reached on ‘Fiscal Cliff,’ But No House Vote Before Deadline

Tentative Deal Reached on ‘Fiscal Cliff,’ But No House Vote Before Deadline

Drew Angerer/Getty Images(WASHINGTON) — The so-called “fiscal cliff” came Monday night — but now there is a specific deal on the table to try to soften it after the fact, according to congressional sources.Senate Majority Leader Harry Reid, D-Nev., s…

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