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Chief Justice John Roberts Highlights ‘Fiscal Cliff’ in Year-End Report

Chief Justice John Roberts Highlights ‘Fiscal Cliff’ in Year-End ReportiStockphoto/Thinkstock(WASHINGTON) -- Acknowledging the “much publicized fiscal cliff” and the country’s “truly extravagant and burgeoning national debt,” Chief Justice John Roberts dedicated the majority of his annual yea...

Tweets Liken ‘Fiscal Cliff’ to Y2K, Mayan Calendar

Tweets Liken ‘Fiscal Cliff’ to Y2K, Mayan CalendarHemera/Thinkstock(NEW YORK) -- Remember Dec. 31, 1999, when the Y2K bug caused airplanes and satellites to fall from the sky, physically crashing into financial centers that had already crashed figuratively after important banking computers caught fire...

‘Fiscal Cliff’ Standoff Weighs on Stocks, 401(k)s

‘Fiscal Cliff’ Standoff Weighs on Stocks, 401(k)sMario Tama/Getty Images(NEW YORK) -- Investors don't like uncertainty, and Washington’s game of cat and mouse on the so-called "fiscal cliff" of tax hikes and spending cuts has erased hundreds of billions of dollars of wealth from Americans.If a ...

Fiscal Cliff Talks: President Obama ‘Modestly Optimistic’

Fiscal Cliff Talks: President Obama ‘Modestly Optimistic’Hemera/Thinkstock(WASHINGTON) -- With less than one day remaining for Congress to reach a budget agreement that would avoid the so-called "fiscal cliff," a senior White House official tells ABC News that President Obama is still "modestly optimistic" t...

Graham Says No Debt Ceiling Increase Without Entitlement Reform

Graham Says No Debt Ceiling Increase Without Entitlement ReformKAREN BLEIER/AFP/Getty Images(NEW YORK) – Sen. Lindsey Graham, (R-S.C.), said Sunday he would vote no to raise the debt ceiling, if concessions to reform Social Security and Medicare were not made, despite a previous statement by Graham to sugges...

Major Setback in Last-Ditch ‘Fiscal Cliff’ Talks

Major Setback in Last-Ditch ‘Fiscal Cliff’ Talks(NEW YORK) -- Democratic Senate Leader Harry Reid (D-Nev.) on Sunday rejected the latest offer from Republican Leader Mitch McConnell (R- Ky.), pushing the country that much closer to the fiscal cliff as the senators scrambled to find a bipartisan deal...

Ominous Senate Prayer: ‘Save Us From Self-inflicted Wounds’

Ominous Senate Prayer: ‘Save Us From Self-inflicted Wounds’Photo Courtesy: Architect of the Capitol(NEW YORK) -- The Senate opened its first session Sunday in the days between Christmas and New Years since 1962 with an ominous prayer, as Congress and President Obama scramble to come up with a deal to avoid the...

Obama Suggests Any ‘Cliff’ Deal Would Be Small

Obama Suggests Any ‘Cliff’ Deal Would Be SmallSAUL LOEB/AFP/Getty Images(NEW YORK) -- With less than two days remaining for Congress to reach a budget agreement that would avoid the so-called “fiscal cliff,” President Obama on Sunday suggested that a small deal remains the best hope to...

Sen. Charles Schumer: More than 50-50 Chance of Reaching Fiscal Cliff Deal

Sen. Charles Schumer: More than 50-50 Chance of Reaching Fiscal Cliff DealWin McNamee/Getty Images(NEW YORK) -- Sen. Charles Schumer, (D-N.Y.), called Congress’ failure to reach an agreement on a fiscal cliff deal “embarrassing,” but said he believed there was a better than 50-50 chance of a compromise befo...

As Fiscal Cliff Nears, All Eyes Turn to the Senate

As Fiscal Cliff Nears, All Eyes Turn to the SenateArchitect of the Capitol(WASHINGTON) -- A fiscal-cliff fix went nowhere in the House. Now, the Senate will take its turn. With just three days before their end-of-the-year deadline, Congress and the White House are hurtling toward the so-called "fiscal...

Physicians Fear Medicare Cuts Due to Fiscal Cliff

Physicians Fear Medicare Cuts Due to Fiscal CliffIngram Publishing/Thinkstock(WASHINGTON) -- Medicare physicians are preparing for fee hikes for their patients if Congress is unable to resolve the fiscal cliff, according to a statement by the Centers of Medicare and Medicaid Services (CMS).According ...

GOP Weekly Address: Senator Roy Blunt Discusses Progress on Avoiding the Fiscal Cliff

GOP Weekly Address: Senator Roy Blunt Discusses Progress on Avoiding the Fiscal CliffUnited States Senate(WASHINGTON) -- In this week’s Republican address, Missouri Senator Roy Blunt highlighted the need for Republicans and Democrats to solve the fiscal cliff.“Divided government is a good time to solve hard problems—a...

White House Fiscal Cliff Summit Brings Hope for a Deal

White House Fiscal Cliff Summit Brings Hope for a DealThe White House(WASHINGTON) -- Washington brinkmanship appears to have created a last minute chance for the White House and Congress to agree on a plan to avoid sending the country over the fiscal cliff.President Obama emerged from a White House summit...

Stocks Down While Legislators Discusses the Fiscal Cliff

Stocks Down While Legislators Discusses the Fiscal CliffHemera/Thinkstock(NEW YORK) -- On the last trading day of the week, stocks dropped, as investors lose hope that Washington will meet a self imposed deadline for avoiding the fiscal cliff.The Dow lost 158 points in a five day losing streak, the longest ...

Congressional Leaders Invited to Oval Office for Fiscal Cliff Meeting

Congressional Leaders Invited to Oval Office for Fiscal Cliff MeetingiStockphoto/Thinkstock(WASHINGTON) -- Washington hasn’t taken much action lately to avoid the looming fiscal cliff, but lawmakers have been doing a lot of talking about it.  And more talk is scheduled for Friday.President Obama has invited S...

White House Says It Has No New Fiscal Cliff Plan

White House Says It Has No New Fiscal Cliff PlanEdward Linsmier/Getty Images(WASHINGTON) -- The White House said on Friday it has no plans to offer new proposals to avoid the fiscal cliff which looms over the country's economy just days away from now, but will meet Friday with Congressional leaders ...

At Edge of ‘Cliff,’ White House Lashes Out at ‘Congressional Stupidity’

At Edge of ‘Cliff,’ White House Lashes Out at ‘Congressional Stupidity’SAUL LOEB/AFP/Getty Images(WASHINGTON) -- With only days to come up with a deal to avoid the fiscal cliff, the White House said “congressional stupidity” was damaging the economy but that an agreement could be reached if Republican leaders ...

Starbucks to Congress: ‘Come Together’

Starbucks to Congress: ‘Come Together’Starbucks Corporation(NEW YORK) -- Starbucks will use its words and coffee cups to send a message to Congress about working together on securing America’s future.In an effort to prod the Democratic and Republican members to come together to creat...

Obama Returning to Washington as Fiscal Cliff Looms

Obama Returning to Washington as Fiscal Cliff LoomsEdward Linsmier/Getty Images(HONOLULU) -- With the country barreling towards the “fiscal cliff,” President Obama is interrupting his Hawaiian holiday vacation to return to the gridlock in Washington.The president will depart Hawaii for Wash...

Fiscal Cliff Talks Gridlocked, President and Congress Walk Away

Fiscal Cliff Talks Gridlocked, President and Congress Walk AwayEdward Linsmier/Getty Image(WASHINGTON) -- The first family arrived in the president's idyllic home state of Hawaii this weekend to celebrate the holidays, but President Obama, who along with Michelle will pay tribute Sunday to the late Sen. Daniel Ino...

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