Congress didn’t completely fall off the “fiscal cliff,” but they’re still hanging onto the edge. By waiting until the last minute to scrape together a limited bill, Congress sidelined some major fiscal issues they initially sought to resolve before the new year.
Racing the clock, the White House reached a New Year’s Eve accord with Senate Republicans late Monday to block across-the-board tax increases and spending cuts in government programs due to take effect at midnight, according to administration and Senate Democratic officials.
Working against a midnight deadline, negotiators for the White House and congressional Republicans in Congress narrowed their differences Monday on legislation to avert across-the-board tax increases.
U.S. consumer confidence tumbled in December, driven lower by fears of sharp tax increases and government spending cuts set to take effect next week.
As the nation teeters on the edge of the so-called “fiscal cliff,” President Obama returns to Washington Thursday to resume negotiations with Congress over a deal to keep taxes from going up on Americans.
House Minority Leader Nancy Pelosi says a bipartisan deal to avert a “fiscal cliff” is more likely if Democrats and Republicans don’t try to over-reach on spending cuts.
Millions of unemployed Americans have another reason to worry about “fiscal cliff” budget talks that seek to avoid looming tax increases and dire spending cuts come January.
An education expert says Texas is “above average” compared to other states in public-school student performance.
The Washington dealmakers who warn that a plunge off the “fiscal cliff” would be disastrous don’t seem to be rushing to stop it. Why aren’t they panicking?
House Republicans negotiating with President Barack Obama on avoiding the so-called fiscal cliff are proposing to increase the eligibility age for Medicare and to lower cost-of-living hikes in Social Security benefits.
Gov. Rick Perry has promised to fight tooth and nail against implementing the Affordable Care Act. But that doesn’t mean big changes aren’t coming to Texas health care.
The Texas Legislative Budget Board set a $77.9 billion cap on state spending Thursday for the 2014-15 budget year, a 10 percent increase above the current discretionary spending limit.