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Obama, US Congress Facing Urgent Decisions on Spending and Taxes

Posted November 9th, 2012 at 12:55 pm (UTC-5)
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Newly re-elected U.S. President Barack Obama and his political opponents in Congress are facing an end-of-the-year deadline to reach a deal on taxes and spending cuts that has proved both contentious and elusive for the last two years. As it stands, $600 billion in spending cuts for key defense and domestic programs are set to […]

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Obama Faces Immediate Contentious Spending, Tax Issues

Posted November 7th, 2012 at 9:25 am (UTC-5)
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Newly re-elected, U.S. President Barack Obama is facing an immediate confrontation with Congress over key tax and spending issues even before he is sworn in for a second term in January. The president and lawmakers in Congress delayed decisions until after the election on how to deal with the country’s looming “fiscal cliff” — $600 […]

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