U.S. President Barack Obama will hold last-minute White House talks with the top four congressional leaders as the deadline for avoiding the fiscal cliff fast approaches. Mr. Obama will meet Friday with Democratic and Republican Senate leaders Harry Reid and Mitch McConnell, Republican Speaker of the House John Boehner and Democratic House Minority Leader Nancy […]
Obama to Hold Fiscal Cliff Talks with Top Four Congressional Leaders
Posted December 27th, 2012 at 7:45 pm (UTC-5)
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Obama Returns to Washington, House Called Back for Fiscal Cliff Negotiations
Posted December 27th, 2012 at 4:05 pm (UTC-5)
U.S. President Barack Obama cut short his Hawaiian holiday and flew back to Washington Thursday as the deadline for avoiding the fiscal cliff comes down to the wire. If there is no deal by January 1, nearly every American will see his or her taxes go up, along with automatic government spending cuts. Economists fear […]
Obama Back in Washington For Fiscal Cliff Negotiations
Posted December 27th, 2012 at 11:55 am (UTC-5)
U.S. President Barack Obama has returned to Washington, cutting short a vacation in Hawaii to tackle negotiations on preventing tax hikes and spending cuts from taking effect January 1. Democrats and Republicans have, so far, failed to reach an agreement on averting the so-called fiscal cliff. Senate Majority Leader Harry Reid says it appears the […]
Reid: US Appears to be Heading Over ‘Fiscal Cliff’
Posted December 27th, 2012 at 10:55 am (UTC-5)
U.S. Senate Majority Leader Harry Reid says it appears the United States is headed over the so-called fiscal cliff in which automatic tax hikes and spending cuts take effect. Democrats and Republicans have, so far, failed to reach an agreement preventing changes on January 1. On the Senate floor Thursday, Reid blasted House Speaker John […]
US Leaders in Washington Still Divided Over Financial Issues
Posted December 20th, 2012 at 10:05 am (UTC-5)
U.S. leaders remain divided over contentious year-end financial issues even as the House of Representatives gets set to vote Thursday on a Republican plan to retain a tax break for all but the wealthiest of American taxpayers. The Republican leader of the House, Speaker John Boehner, is trying to win support for extending a tax […]
Obama Still Optimistic Financial Deal Will Be Reached
Posted December 19th, 2012 at 3:45 pm (UTC-5)
U.S. President Barack Obama says he is willing to do “some very tough things” to compromise with his political opponents in Congress on contentious year-end financial issues and is optimistic an agreement can be reached within days. The president says he has reached a broad framework of government spending cuts and tax rates with the […]
Obama Still Optimistic Financial Deal Will Be Reached
Posted December 19th, 2012 at 2:45 pm (UTC-5)
U.S. President Barack Obama says he is willing to do “some very tough things” to compromise with his political opponents in Congress on contentious year-end financial issues and is optimistic an agreement can be reached within days. The president told a White House news conference Wednesday that he has reached a broad framework of government […]
Obama Still Optimistic Financial Deal Will Be Reached
Posted December 19th, 2012 at 2:10 pm (UTC-5)
U.S. President Barack Obama says he is willing to do “some very tough things” to compromise with his political opponents in Congress on contentious year-end financial issues and is optimistic an agreement can be reached within days. The president told a White House news conference Wednesday that he has reached a broad framework of government […]
White House Threatens to Veto Republican Budget Plan
Posted December 19th, 2012 at 11:50 am (UTC-5)
The White House says U.S. President Barack Obama would veto the Republican “Plan B” tax proposal that is designed to avert the “fiscal cliff,” saying the plan places too large a burden on the middle class without balancing spending cuts and tax increases. White House communications director Dan Pfeiffer says the Republican plan does not […]
US Leaders Edging Closer on ‘Fiscal Cliff’ Compromise
Posted December 18th, 2012 at 3:05 pm (UTC-5)
U.S. leaders are edging closer to a compromise on contentious end-of-year mandates for sharp spending cuts in key government programs and tax increases for almost all American workers. Significant hurdles remain to a deal, but the outlines of an agreement seemed to be emerging Tuesday, even as President Barack Obama and his Republican opponents in […]
