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GOP Senator Says ‘Put Politics Aside’ to Avoid ‘Fiscal Cliff’

GOP Senator Says ‘Put Politics Aside’ to Avoid ‘Fiscal Cliff’

Hemera/Thinkstock(WASHINGTON) — With the “fiscal cliff” looming, there was plenty of talk Sunday by members of both political parties of reaching a deal to avoid spending cuts and tax hikes that some economists say could plunge the country…

What the ‘Fiscal Cliff’ Means for Typical Pocketbooks

What the ‘Fiscal Cliff’ Means for Typical Pocketbooks

Brand X Pictures/Thinkstock(NEW YORK) — The “fiscal cliff” is near, but what does it all mean for your pocketbook?In short, before the end of the year, Congress has to determine whether and how it will extend the tax cuts that most Americans have enjo…

Congressional Budget Office Describes Consequences of ‘Fiscal Cliff’

Congressional Budget Office Describes Consequences of ‘Fiscal Cliff’

Comstock Images/Thinkstock(WASHINGTON) — Now that all the confetti has been cleaned up, the harsh reality of dealing with the so-called “fiscal cliff” looms for President Obama and Congress over the next seven weeks.Expiring tax cuts, deep automatic s…

Deficit Deal Tops Obama’s Day-One Agenda

Deficit Deal Tops Obama’s Day-One Agenda

Chip Somodevilla/Getty Images(CHICAGO) — He won a second term by a narrower margin than he won his first, but President Obama believes his victory Tuesday night delivered a mandate that will reinvigorate his stalled legislative agenda and resolve a pa…

Are Layoffs on the Rise?

Are Layoffs on the Rise?

Jupiterimages/Thinkstock(NEW YORK) — Many big corporations have announced weak third quarter profits, which could have an impact on layoffs.  The jobs firm Challenger, Gray & Christmas says layoff announcements rose nearly 5 percent last mont…

Schumer Proposes New, Broad Plan to Avoid Fiscal Cliff

Schumer Proposes New, Broad Plan to Avoid Fiscal Cliff

Win McNamee/Getty Images(WASHINGTON) — Calling it the best shot at avoiding going over the fiscal cliff come Jan. 1, Sen. Chuck Schumer, D-N.Y., Tuesday suggested tossing aside a tax reform compromise currently being negotiated on Capitol Hill in favo…

Tax Policy Center Spells Out Repercussions of ‘Fiscal Cliff’

Tax Policy Center Spells Out Repercussions of ‘Fiscal Cliff’

Comstock/Thinkstock(NEW YORK) — Watch out for the ‘fiscal cliff.’  A new study forecasts that unless Congress acts, soaring taxes at the beginning of next year could blow a hole in your wallet.The nonpartisan Tax Policy Center said on Monday that…

Tax Policy Center Spells Out Repercussions of ‘Fiscal Cliff’

Tax Policy Center Spells Out Repercussions of ‘Fiscal Cliff’

Comstock/Thinkstock(NEW YORK) — Watch out for the ‘fiscal cliff.’  A new study forecasts that unless Congress acts, soaring taxes at the beginning of next year could blow a hole in your wallet.The nonpartisan Tax Policy Center said on Monday that…

Report: Senators Devising Plan to Avoid ‘Fiscal Cliff’

Report: Senators Devising Plan to Avoid ‘Fiscal Cliff’

Hemera/Thinkstock(NEW YORK) — Plans are underway in the U.S. Senate to deal with the political hot potato known as the “fiscal cliff,” a confluence of tax hikes, deep spending cuts and a growing federal deficit that could send the economy …

CEOS Very Worried About ‘Fiscal Cliff,’ Survey Finds

CEOS Very Worried About ‘Fiscal Cliff,’ Survey Finds

Hemera/Thinkstock(NEW YORK) — America’s job creators are bearish on the economy over the next six months, according to Business Roundtable’s third quarter CEO Economic Outlook Survey.The chief executives are mostly concerned with the upcoming “fiscal …

Can Congress Avoid Fiscal Cliff? Boehner ‘Not Confident At All’

Can Congress Avoid Fiscal Cliff? Boehner ‘Not Confident At All’

TOBY JORRIN/AFP/Getty Images(WASHINGTON) — House Speaker John Boehner bluntly assessed the prospects for a bipartisan agreement on deficit reduction and called on President Obama to demonstrate leadership by unveiling his administration’s plan t…

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