The “fiscal cliff bill” passed by Congress on January 1 includes provisions which benefit people who cannot afford paying home mortgages or inheriting legacies…
Despite deal, taxes to rise for most Americans
Wed Jan 02, 2013 By Leave a Comment
While the tax package that Congress passed will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013…
Congress sends Obama bill to avoid ‘fiscal cliff’
Tue Jan 01, 2013 By Leave a Comment
Legislation to block the “fiscal cliff” is headed to the White House for President Barack Obama’s signature…
Scholar analyzes the danger of the fiscal cliff
Sun Dec 30, 2012 By Leave a Comment
What will happen if the US falls over the fiscal cliff?
AP source: Obama not making new ‘cliff’ offer
Fri Dec 28, 2012 By Leave a Comment
A person familiar with the details says President Barack Obama is not making a new ‘fiscal cliff’ offer at his high-stakes meeting with congressional leaders at the White House…
US consumer confidence falls on fiscal cliff fears
Thu Dec 27, 2012 By Leave a Comment
U.S. consumer confidence tumbled in December, driven lower by fears of sharp tax increases and government spending cuts set to take effect next week…
Obama returns as US fiscal deadline days away
Thu Dec 27, 2012 By Leave a Comment
President Barack Obama was cutting short his holiday and returning to Washington on Thursday as no deal appeared in sight to avoid the year-end “fiscal cliff” of higher taxes and deep spending cuts…
Some urge Boehner: let Dems pass fiscal cliff bill
Wed Dec 26, 2012 By Leave a Comment
Lawmakers say Congress probably could resolve the so-called “fiscal cliff” if Republican leaders let Democrats provide most of the votes…
Obama to fly home early as ‘fiscal cliff’ looms
Wed Dec 26, 2012 By Leave a Comment
President Barack Obama was cutting short his traditional Christmas holiday in Hawaii, planning to leave for Washington on Wednesday evening…
Starbucks cups to come with a political message
Wed Dec 26, 2012 By Leave a Comment
Starbucks is using its coffee cups to jump into the political fray in Washington…
Stances softening in search of US fiscal deal
Tue Dec 18, 2012 By Leave a Comment
Both President Barack Obama and Congress’ most powerful Republican are making significant concessions just two weeks before the economy-threatening “fiscal cliff” is due to kick in…
Republicans’ new fiscal offer
Mon Dec 03, 2012 By Leave a Comment
Republicans in the House of Representatives proposed a new 10-year, $2.2 trillion blueprint for avoiding the looming “fiscal cliff.”…
Fiscal cliff impact on homeowners
Mon Nov 26, 2012 By Leave a Comment
Unless congress acts by year end, capital gains taxes will go up for homeowners with a lot of equity in their homes. Selling now can make a big difference…
Most will feel pain from ‘fiscal cliff’
Tue Nov 13, 2012 By Leave a Comment
Middle income families would have to pay an average of about $2,000 more next year, the nonpartisan Tax Policy Center has calculated…
Republicans, Democrats face fiscal cliff
Thu Nov 08, 2012 By Leave a Comment
After Tuesday’s election, both Democrats and Republicans will be tested by the immediate need for moderation if they are to avoid the feared “fiscal cliff”…