Secretary of State Hillary Clinton: Fiscal Cliff Is a National Security Issue
Win McNamee/Getty Images(WASHINGTON) — Secretary of State Hillary Clinton warned Thursday that a failure to pass a budget deal would have dangerous consequences for the global economy and weaken America’s standing in the world.Clinton spok…
Pelosi Urges Vote on Middle Class Tax Relief
Chris Maddaloni/CQ Roll Call(WASHINGTON) — House Minority Leader Nancy Pelosi urged Republicans to allow a vote on legislation to extend tax cuts on the first $250,000 of personal income and delay the debate over tax cuts for the wealthiest taxpayers …
US Markets Close Higher as Fiscal Meetings Continue in Washington
Hemera/Thinkstock(NEW YORK) — Wall Street traders are still keeping a close eye on Washington as the deadline for the so-called “fiscal cliff” approaches. Closing at 13,021.82, the Dow Jones Industrial Average gained 36.71 points Thursday. The Na…
Watchdogs Question Obama Donor Influence in ‘Fiscal Cliff’ Meetings
Pete Souza/The White House(WASHINGTON) — Government watchdogs Wednesday questioned the place of top Obama campaign donors among the elite few invited to the White House over the past two weeks for private presidential consultations on the looming &ldq…
Move the Fiscal Cliff Deadline Up, Senator Proposes
United States Senate(WASHINGTON) — In order to make a strong economic showing to consumers and markets the week before Christmas, one senator Wednesday proposed that Congress should move up its deadline to get a deal to avoid going over the fiscal cli…
Stocks Rebound; Investors Eye Fiscal Cliff Talks
Hemera/Thinkstock(NEW YORK) — The markets recovered Wednesday from early losses, but investors are still nervous about the possibility of the economy going off the so-called “fiscal cliff.” The Dow closed at 12,985.11, up 107 points. The Nasdaq g…
Poll: Among Cliff-Avoidance Options, Most Favor Targeting Wealthy
Ingram Publishing/Thinkstock(NEW YORK) — With the fiscal cliff drawing closer, raising taxes on wealthy Americans remains a popular option. The public divides closely on reducing federal income tax deductions, while two-thirds oppose another possibili…
Obama, GOP Mount ‘Fiscal Cliff’ Campaign Blitz
JIM WATSON/AFP/GettyImages(WASHINGTON) — President Obama, Republican lawmakers and an army of independent advocacy groups are mounting an aggressive new public campaign to highlight the stakes in a deal to avoid an economically toxic package of automa…
Fiscal Talks Turn as Tax Pledge Questioned
Jupiterimages/Thinkstock(WASHINGTON) — The two-party tango that is negotiations over the “fiscal cliff” took a turn Monday as two more Republican lawmakers expressed willingness to break with a long-standing anti-tax pledge and the White House reveale…
GOP Starting to Rebel Against No-Tax-Hikes Pledge
NICHOLAS KAMM/AFP/Getty Images(WASHINGTON) — With the fiscal cliff looming for the United States, some Republican members of Congress said on Sunday that they are ready to break a long-standing pledge not to raise taxes.”The only pledge we should be m…
Sen. Dick Durbin: Medicare, Medicaid Fair Game in Talks to Avoid Fiscal Cliff
ABC News(NEW YORK) — Sen. Dick Durbin said Sunday that his Democratic colleagues in the House and Senate should be willing to address entitlement programs like Medicare and Medicaid in deficit reduction negotiations.“From my side of the table, b…
Fiscal Cliff Tweets to Watch
Chip Somodevilla/Getty Images(WASHINGTON) — With the dirty dishes cleared and leftovers safely in the fridge, Americans across the country start looking ahead to the winter holidays the day after Thanksgiving.But for Congress, there’s a pretty b…
Let the Liberal Pressure Begin: Union Ads Tell Dems Not to Cave on Cuts
iStockphoto/Thinkstock(WASHINGTON) — Three major unions have joined forces to air ads pressuring Democrats to reject GOP demands as party leaders negotiate a way to sidestep the dreaded “fiscal cliff.”Congress will return after Thanksgivin…
Romney’s Economic Advisor: Compromise Needed to Avoid Fiscal Cliff
David Paul Morris/Bloomberg via Getty Images(NEW YORK) — How would Mitt Romney have dealt with the fiscal cliff if he had won the White House?A possible answer came from his top economic advisor, who seems to think that compromise between Republicans …
Reps. Pelosi and Price Offer Their Views of Avoiding Fiscal Cliff
Hemera/Thinkstock(WASHINGTON) — There were few signs Sunday that Republicans and Democrats are willing to agree on ways to avoid the looming fiscal cliff despite an earlier White House meeting that President Obama called “constructive.”Towing the admi…
Nancy Pelosi: No Fiscal Cliff Deal Without Tax Rate Hike for Wealthy
Official White House Photo by Pete Souza(WASHINGTON) — In an interview that will air in its entirety on Sunday’s This Week, House Democratic Leader Nancy Pelosi gave ABC’s Martha Raddatz a firm “no” when asked if a deal to aver…
Boehner Rejects Obama’s Request To Extend Middle Class Tax Cut
TOBY JORRIN/AFP/Getty Images(WASHINGTON) — Fresh off his reelection as House speaker Wednesday afternoon, John Boehner emphasized the need for bold leadership in order to repair the ailing economy, telling reporters that job creation remains the top p…
Obama to Hold First Post-Election News Conference
ABC News(WASHINGTON) — President Obama faces the press on Wednesday for the first time since his re-election amid the sexual scandal surrounding former CIA Director David Petraeus. And with the clock ticking toward the looming “fiscal cliff,” bo…
Majority of Americans Skeptical a Deal Will Be Reached on ‘Fiscal Cliff,’ Poll Finds
Hemera/Thinkstock(NEW YORK) — Americans don’t trust Republicans and Democrats to get along, it seems.A new poll from the Pew Research Center finds that 51 percent of Americans don’t believe a deal will reached between President Obama and R…
Obama, Political Allies Meet to Discuss ‘Fiscal Cliff’
iStockphoto/Thinkstock(WASHINGTON) — Pulling together some of the coatition that backed his re-election, President Obama on Tuesday is summoning organized labor and some progressive policy groups to the White House to consult on the “fiscal clif…