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Budget Deal

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Fiscal Cliff Negotiators are Facing High Hurdles

White House and congressional negotiators will have to clear a series of high hurdles to avert a package of tax increases and spending cuts by year's end.

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U.S. Speaker of the House Rep. John Boehner (R-OH)
(Photo by Mark Wilson/Getty Images)

House Speaker John Boehner Expresses No Confidence on Budget Deal

Moody's Investors Service said Tuesday that it would likely cut its "AAA" rating on U.S. government debt, probably by one notch, if budget negotiations fail.

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