All it needs now is the President’s signature. Late Tuesday night, the House of Representatives approved a bill to avert the Fiscal Cliff.
Racing against the clock, the White House reached agreement with congressional Republicans late Monday on a deal to prevent across-the-board tax increases and spending cuts to government programs from taking effect at midnight, according to administration and Senate Democratic officials.
President Obama, Vice President Biden, and Senate Republican leader Mitch McConnell made one last stab to avoid higher taxes on everyone, scheduled to take effect at midnight tonight.
Dec. 31 is the last chance for Congress to prevent the United States from going over the so-called “fiscal cliff” and it doesn’t appear the two sides are close to a deal.
Two senators on opposite sides of the aisle are working on a plan to avoid the Fiscal Cliff.
You’ve been hearing plenty about the Fiscal Cliff over the last few weeks, but what about the Dairy Cliff? While the threat of the fiscal disaster looms in Washington D.C., there’s another issue that’s not getting much attention. And within days, it could have you paying outrageous prices for milk.
A serious split Thursday night among House Republicans in Congress meant no deal yet to avoid the fiscal cliff. Members of Congress returned home for Christmas, raising the chances of going over that cliff. But what exactly does that mean?
With all this talk in Washington about making the wealthy pay more in taxes, or not raising taxes on the middle class, it’s easy to think this fiscal cliff is only about taxes. But it’s also about automatic spending cuts of $55 billion this coming year in non-defense programs.
As lawmakers debate what to do about the impending fiscal cliff, we’re starting to get a better understanding of just what is at stake, including education.
Petraeus must either volunteer to speak as a civilian or Congress must subpoena the former CIA Director to speak to complete the Benghazi puzzle.
At Primanti’s in Market Square, the chef was cooking up sandwiches when President Obama came on the television screen. No surprise, only a few people paid attention as the President repeated his campaign pledge to extend tax cuts for Americans who earn under a quarter million dollars while asking the wealthy to do a little bit more.
Leaders in Washington and on Wall Street are calling it the “Fiscal Cliff,” automatic tax hikes and domestic and military spending cuts in January if Congress fails to act.
On Tuesday night, the region’s newest member of Congress celebrated at a victory party. The next day, Keith Rothfus was back at his campaign headquarters thanking volunteers.
Keith Rothfus has won the seat in Pennsylvania’s redrawn 12th Congressional District, according to the Associated Press.
President Barack Obama epitomizes the need for a one-term limit for presidents of the United States.