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Congress in Recess, Obama Still ‘Optimist’ On Fiscal Cliff Deal

Congress in Recess, Obama Still ‘Optimist’ On Fiscal Cliff Deal

Alex Wong/Getty Images(WASHINGTON) — Ten days remain before the mandatory spending cuts and tax increases known as the “fiscal cliff” take effect, but President Obama says that he is still a “hopeless optimist” that a federal b…

‘God Only Knows’: Boehner Describes How to Avoid Fiscal Cliff

‘God Only Knows’: Boehner Describes How to Avoid Fiscal Cliff

Alex Wong/Getty Images(WASHINGTON) — After stunning Washington by abandoning his pursuit of a permanent tax cut for taxpayers earning up to $1 million per year, House Speaker John Boehner conceded on Friday with lawmakers heading home for Christmas, t…

Boehner Pulls Plan B Option as Fiscal Cliff Talks Fall into Disarray

Boehner Pulls Plan B Option as Fiscal Cliff Talks Fall into Disarray

TOBY JORRIN/AFP/Getty Images(WASHINGTON) — In a surprise development late Thursday night, House Speaker John Boehner pulled his so-called “Plan B option” — an extension of current tax rates for Americans making up to $1 million a year — from the Hou…

Will Fiscal Cliff Worries Cause Major Wall Street Sell Off?

Will Fiscal Cliff Worries Cause Major Wall Street Sell Off?

iStockphoto/Thinkstock(NEW YORK) — Fiscal cliff fears may lead to a major sell off Friday on Wall Street. After the Republican revolt in the House on Thursday, House Speaker John Boehner was forced to abandon his plan to avert tax increases for most A…

Fiscal Cliff Debate May Delay Tax Refunds in 2013

Fiscal Cliff Debate May Delay Tax Refunds in 2013

iStockphoto/Thinkstock(NEW YORK) — If you depend on an early tax refund to help pay for large holiday credit card bills you could be out of luck. The last-minute debate over the fiscal cliff may delay tax refunds in the new year.  The IRS is like…

Rep. Huelskamp: If I Voted for Boehner’s Plan, I’d Deserve a Primary

Rep. Huelskamp: If I Voted for Boehner’s Plan, I’d Deserve a Primary

Tom Williams/CQ Roll Call(WASHINGTON) — Republicans who vote for House Speaker John Boehner’s “Plan B” fiscal-cliff proposal could and should be challenged in primaries, conservative GOP Rep. Tim Huelskamp suggested at a news confere…

Senior Administration Officials Warn Business Leaders About Boehner’s Fiscal Cliff "Plan B"

Senior Administration Officials Warn Business Leaders About Boehner’s Fiscal Cliff "Plan B"

Hemera/Thinkstock(WASHINGTON) — Senior Obama administration officials met with business leaders to argue that House Speaker John Boehner’s “Plan B” could put the nation on a path to go over the fiscal cliff, a source familiar with th…

Survey: Worries over Fiscal Cliff Affecting Consumer Spending

Survey: Worries over Fiscal Cliff Affecting Consumer Spending

Brand X Pictures/Thinkstock(NEW YORK) — The approach of the fiscal cliff may be taking a bite out of consumer spending during the busiest shopping weeks of the year. A new poll from Bankrate.com says Americans’ ratings of their financial security is d…

Stocks Close Higher as Fiscal Talks Continue

Stocks Close Higher as Fiscal Talks Continue

Hemera/Thinkstock(NEW YORK) — Stocks were up again with investors encouraged that President Obama and Republican leaders may be closer to a deal to avoid the “fiscal cliff” before the deadline. The Dow ended the session at its highest level in two mon…

Liberals Bash Obama’s Fiscal Cliff Offer

Liberals Bash Obama’s Fiscal Cliff Offer

MANDEL NGAN/AFP/Getty Images(WASHINGTON) — Liberals on Tuesday blasted the White House’s latest fiscal cliff proposal as a cut to Social Security benefits.Perhaps it’s a sign that President Obama and congressional Republicans have moved cl…

Poll: Obama Holds Most Cards in Cliff Talks, But with No Mandate

Poll: Obama Holds Most Cards in Cliff Talks, But with No Mandate

JEWEL SAMAD/AFP/GettyImages(NEW YORK) — President Obama holds most of the cards in fiscal cliff negotiations with the Republican leaders of Congress, with more Americans approving of his handling of the talks and more prepared to blame the GOP if the …

White House Makes New Offer in Talks To Avoid Fiscal Cliff

White House Makes New Offer in Talks To Avoid Fiscal Cliff

MANDEL NGAN/AFP/Getty Images(WASHINGTON) — They are getting closer.The White House presented a new offer to Speaker of the House John Boehner Monday that makes some important concessions in the talks to work out a deal to avoid the so-called fisc…

In Fiscal Cliff Talks, Boehner Gives on Some Higher Rates in Exchange for Entitlement Cuts

In Fiscal Cliff Talks, Boehner Gives on Some Higher Rates in Exchange for Entitlement Cuts

MANDEL NGAN/AFP/Getty Images(NEW YORK) — Sources familiar with negotiations say that in a phone call on Friday afternoon House Speaker John Boehner, R-Ohio, offered President Obama a deal including letting tax rates expire for those who make over $1 m…

Fiscal Cliff Could Put 20,000 NASA Jobs at Risk

Fiscal Cliff Could Put 20,000 NASA Jobs at Risk

(ARLINGTON, Va.) — The “fiscal cliff” might be a “fiscal black hole” for the aerospace industry.NASA could face an 8.2 percent budget cut, resulting in the loss of over 20,000 jobs, if the government’s sequestration plan …

Boehner, Obama Meet at White House; No ‘Fiscal Cliff’ Deal Yet

Boehner, Obama Meet at White House; No ‘Fiscal Cliff’ Deal Yet

SAUL LOEB/AFP/Getty Images(WASHINGTON) — House Speaker John Boehner was invited to the White House Thursday afternoon for another meeting with President Obama on ways to avoid the looming “fiscal cliff.”The 50-minute face-to-face meeting was described…

Obama, Boehner Impasse on ‘Cliff’ Threatens Holiday, Sandy Relief

Obama, Boehner Impasse on ‘Cliff’ Threatens Holiday, Sandy Relief

Hemera/Thinkstock(WASHINGTON) — President Obama and House Speaker John Boehner just can’t seem to break through an impasse in their “fiscal cliff” talks, increasing pessimism about a deal by Christmas and now threatening to sidetrack billions in feder…

Boehner and Obama Still ‘Far Apart’ on Fiscal Cliff

Boehner and Obama Still ‘Far Apart’ on Fiscal Cliff

Official White House Photo by Pete Souza(WASHINGTON) — While a rapid succession of proposals and counteroffers have been traded back and forth between the White House and Capitol over the past few days, House Speaker John Boehner said on Wednesday tha…

Obama Tops Boehner on Budget Talks, with Much Broader Core Support

Obama Tops Boehner on Budget Talks, with Much Broader Core Support

MANDEL NGAN/AFP/Getty Images(NEW YORK) — President Obama holds a substantial advantage over John Boehner in handling budget negotiations to avoid the fiscal cliff.  Nearly twice as many Americans in a new ABC News/Washington Post poll approve of …

Female Senators Say They’d Already Have ‘Fiscal Cliff’ Solved

Female Senators Say They’d Already Have ‘Fiscal Cliff’ Solved

Martin H. Simon / ABC News(WASHINGTON) — With 20 days to go until the nation goes over the so-called fiscal cliff, some female senators say if they were in charge, Congress would already have a deal.“I think if we were in charge of the Senate an…

Sen. Lindsey Graham: No Defense Cuts Until Iranian Nuclear Threat Ends

Sen. Lindsey Graham: No Defense Cuts Until Iranian Nuclear Threat Ends

KAREN BLEIER/AFP/Getty Images(WASHINGTON) — Wartime is no time for defense cuts, says Lindsey Graham.The South Carolina senator told a conservative audience on Tuesday he would oppose defense cuts in any fiscal cliff deal because “we are at war….

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