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Fiscal Cliff

Fiscal Cliff

Capitol Building, Washington D.C.
Clipart

How Far Over the ‘Fiscal Cliff’ Could They Go?

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?

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Soldiers (FILE)
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‘Fiscal Cliff’ Offers Hint at More Defense Cuts

House Republicans' "fiscal cliff" counteroffer to President Barack Obama hints at billions of dollars in military cuts on top of the nearly $500 billion that the White House and Congress backed last year.

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Gasoline pumps are seen a Shell filling station
(Photo by Tim Boyle/Getty Images)

Oil Rises on Hopes of Avoiding ‘Fiscal Cliff’

The price of oil is up by more than $2 a barrel on optimism that a deal to avert a so-called fiscal cliff will be reached before year's end.

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Ben Bernanke
Alex Wong, Getty Images

There are Positive Signs for the Economy

A surge in U.S. housing plus consumer confidence soars. Meanwhile, 'the fiscal cliff' fear still looms.

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US President Barack Obama speaks
(Photo by Max Morse/Getty Images)

President Barack Obama to Appeal to Public on Fiscal Cliff

President Barack Obama plans to make a public case this week for his strategy for dealing with the looming fiscal cliff.

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President Barack Obama
Alex Wong/Getty Images

White House: Tax Hike Threat Could Hurt Retailers

White House economists warn that the uncertainty of a potential hike in taxes next year for middle class taxpayers under the looming fiscal cliff could hurt consumer confidence during the crucial holiday shopping season.

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Money (FILE)
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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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Congress and the President
(Photo by Chip Somodevilla/Getty Images)

Congressional Leaders Speak of Progress on ‘Fiscal Cliff’ Issue

Friday is the first time leaders of both political parties and President Obama have met on this important issue since the November 6th election.

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