Featured StoryRepublicans appear to be losing the fiscal cliff 2103 fight over raising taxes on affluent Americans.
Now they're threatening to retaliate by intensifying Washington's next battle: the U.S. debt ceiling.
Sen. Lindsey Graham, R-SC, pledged Republicans, who control the U.S. House of Representatives, would put up "one hell of a fight over raising the debt ceiling" next year if U.S. President Barack Obama succeeds in getting the tax...
Tax Fight Remains Biggest Roadblock in Fiscal Cliff Deal
The fiscal cliff countdown clock tells us there is just 21 days left for Democrats and Republicans to come to some sort of deal.
With little resolved after months of back-and-forth discussions, which have recently turned into more heated exchanges, U.S. President Barack Obama has taken over the role of leading negations for his party, while Republican House of Representatives Speaker John Boehner is chief negotiator for the GOP.
The two men met for an unplanned White House meeting Sunday. Little details were...
What the Fiscal Cliff Means for Investors
Beyond the rhetoric and posturing in Washington, what does the fiscal cliff mean for investors?
The phrase is usually accompanied by dire warnings about what will happen to the nation's economy if the country fails to avert the fiscal cliff.
Even talk about a possible compromise has sent shivers up investors' spines.
One compromise would cap the tax exemption on municipal bonds - a tax break in effect since 1913. That has...
The Fiscal Cliff Is Set To Clobber The Middle Class With Nearly 50% Tax Rates
If I didn't know any better, I'd think there's a small but growing group of people in Washington who think it would actually be good if we temporarily went over the fiscal cliff.
I say that because I am seeing a smattering of articles recently suggesting that somehow going over the cliff "won't be all that bad" or that we're "really just talking about cuts that need to happen in the first place."
President Obama seems to think the...
Here are the Hefty Fiscal Cliff Automatic Spending Cuts
While much of the fiscal cliff debate has focused on possible tax increases, failure to reach a deal to avert the cliff could bring massive automatic spending cuts.
Barring an agreement between U.S. President Barack Obama and Congress, $1.2 trillion of spending cuts over the coming decade would begin taking effect Jan. 2.
The automatic spending cuts, known as "sequestration" - a result of Congress's 2011 negotiations to raise the debt...
Fiscal Cliff 2013: Why It's Looking Like No Deal
Expectations have changed lately regarding fiscal cliff 2013. It's looking increasingly likely that we are going over it.
U.S. Treasury Secretary Timothy Geithner, U.S. President Barack Obama's lead delegator on the fiscal cliff talks, told CNBC the Obama administration is "absolutely" prepared to go over the cliff if Republicans don't change their tune on taxes.
President Obama and Republican House Speaker...
How the Fiscal Cliff Deal Threatens Grover Norquist's Tax Pledge
Washington doesn't need any more hurdles than it already has in reaching a fiscal cliff deal.
But one man, and the power he holds over our elected officials, is trying to prevent a deal.
I'm talking about Grover Norquist, the founder of Americans for Tax Reform, and his tax pledge.
Norquist is both hailed and loathed for his "no new taxes pledge." It commits to never raising marginal income tax rates on businesses...
Everyone's Getting Antsy with No Fiscal Cliff Deal in Sight
After another day and still no progress on fiscal cliff discussions, many are beginning to think we might not see a deal before the end of the year, or even at all.
Republicans on Monday proposed their counter-offer to U.S. President Barack Obama's initial deal and, like his, it was basically the same plan previously offered.
This has led many, including Bank of America Corp. (NYSE: BAC) CEO Brian Moynihan, to...
Don't Bet on a Fiscal Cliff Deal
Fresh reports reveal that fiscal cliff talks have not resolved a thing as Democrats and Republicans continue to haggle over a deal ahead of the Dec. 31 deadline.
"Right now, I would say we're nowhere, period. We're nowhere," House Speaker John Boehner, R-OH, stressed on Fox News.
Last week it wasn't clear if a deal would be reached. This weekend the chances looked downright dismal.
Obama's Fiscal Cliff Plan Sends Message to GOP: You Lost
Flush with confidence after winning re-election by a convincing margin, U.S. President Barack Obama delivered a fiscal cliff plan heavy on Democratic ideas and light on compromise.
U.S. Treasury Secretary Timothy Geithner presented the president's fiscal cliff proposal to GOP Congressional leaders yesterday (Thursday).
It would raise $1.6 trillion via taxes, primarily on those making $250,000 a year and up, while delaying talks about...