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Fiscal Cliff Notes

Obama: Progress on fiscal cliff deal

2:03 PM, Dec 31, 2012

President Obama said Monday that Congress is making progress on a deal to avoid the fiscal cliff, at least temporarily.

Obama signs 'fiscal cliff' bill with autopen

9:36 AM, Jan 3, 2013

President Obama, vacationing in Hawaii, employed an autopen to sign the "fiscal cliff" bill late Wednesday night, the third time he has used such a device.

4 lessons for Round 2 of 'fiscal cliff' fight

7:19 AM, Jan 3, 2013

This fiscal cliff: averted.  Next fiscal cliff: ahead.

Obama signs 'cliff' bill, now on to next fiscal crisis

7:11 AM, Jan 3, 2013

HONOLULU -- The White House and a divided Congress can now move on to the next fiscal crisis after a last-minute deal to avert the "fiscal cliff" laid the foundation for more combustible struggles over taxes, spending and debt in the next few months.

First Coast small business owners relieved fiscal cliff was avoided

8:28 PM, Jan 2, 2013

JACKSONVILLE, Fla. -- Earlier this week, many small business owners on the First Coast were very concerned about the fiscal cliff and the impact it could have on their businesses. Now, they are expressing relief after Washington lawmakers voted late Tuesday night to pass legislation avoiding across-the-board tax hikes and cuts in domestic programs.

What Fiscal Cliff tax changes mean for you

7:31 PM, Jan 2, 2013

JACKSONVILLE, Fla. -- Tax preparers are waiting to see what will happen now that there's no fiscal cliff, is the IRS geared up, until now everything has been on pause. Here's what it means to you individually.

Fiscal Cliff roll call for First Coast lawmakers

6:59 PM, Jan 2, 2013

JACKSONVILLE, Fla. -- Now that a fiscal cliff deal has been reached, we wanted to see where First Coast lawmakers came down on the vote.

Obama must still sign 'fiscal cliff' legislation

3:47 PM, Jan 2, 2013

One formality remains: President Obama must actually sign the "fiscal cliff" bill.

'Fiscal Cliff' seal also doles out millions for Hollywood, railroads, rum producers

3:47 PM, Jan 2, 2013

The "fiscal cliff" compromise has been heralded as a saving grace for middle class taxpayers, their families and the unemployed.

Stocks rally after fiscal cliff compromise

1:47 PM, Jan 2, 2013

NEW YORK -- The "fiscal cliff" compromise, despite lingering problems, sent the stock market shooting higher Wednesday, first trading day of the new year.

Deal means taxes to rise for most Americans

11:38 AM, Jan 2, 2013

WASHINGTON (AP) - Most Americans will pay higher federal taxes in 2013, even though the tax package Congress passed New Year's Day will protect 99% of Americans from an income tax increase.

House staves off fiscal cliff, but more money squabbles lie ahead

10:38 AM, Jan 2, 2013

Washington (CNN) -- After exhaustive negotiations that strained the country's patience, the House approved a bill to avert the dreaded fiscal cliff, staving off widespread tax increases and deep spending cuts.

Senate approves fiscal cliff legislation

7:44 AM, Jan 1, 2013

Hours past a self-imposed deadline for action, the Senate passed legislation early New Year's Day to neutralize a fiscal cliff combination of across-the-board tax increases and spending cuts that kicked in at midnight. The pre-dawn vote was 89-8.

Planning your 2013 'fiscal cliff' finances

6:40 AM, Jan 1, 2013

So what should you be doing to prepare your finances for 2013, with the possible the "fiscal cliff?"  We spoke with a wealth manager who said now is not the time to start making knee-jerk reactions.

Some residents see benefits of going over the Fiscal Cliff

6:34 AM, Jan 1, 2013

JACKSONVILLE, Fla. -- In the short term, the cons seem to outweigh the pros, but with the nation's federal debt approaching its ceiling, some First Coast residents say they're more concerned with long-term resolutions.

Senate, White House strike fiscal cliff deal

12:27 AM, Jan 1, 2013

Facing a midnight deadline, Senate leaders and the White House struck a "fiscal cliff" deal Monday night designed to avoid automatic tax hikes and budget cuts set to take effect in the new year.

Details of tentative deal averting 'fiscal cliff'

10:50 PM, Dec 31, 2012

Highlights of a tentative agreement Monday between the White House and Senate Minority Leader Mitch McConnell, R-Ky., aimed at averting wide tax increases and budget cuts scheduled to take effect in the new year. 

Fiscal fatigue is by-product of fiscal cliff wrangling

10:45 PM, Dec 31, 2012

JACKSONVILLE, Fla. -- Hardly a typical New Year's Eve when the news of the day focused on the pending "fiscal cliff" with Congress and the White House wrestling on how to handle tax increases and deep spending cuts that would be ushered in with the new year.

Democratic aide saying deal reached to avert fiscal cliff

9:38 PM, Dec 31, 2012

WASHINGTON (AP) - A Democratic aide says the White House and congressional Republicans have reached an agreement to avert the so-called fiscal cliff.

Washington poised to go over 'fiscal cliff'

7:06 PM, Dec 31, 2012

Negotiators have agreed to let expiring tax rates rise for Americans earning $400,000 or more, but a broader "fiscal cliff" deal hinges on an agreement on spending cuts.

US hits borrowing limit, moves to avoid default

6:11 PM, Dec 31, 2012

WASHINGTON (AP) - The U.S. government is running up against its $16.4 trillion borrowing limit and is taking steps to avoid default.

Obama says fiscal cliff deal close, not done

5:31 PM, Dec 31, 2012

WASHINGTON (AP) - Congress won't meet Monday midnight deadline on voting to avert 'fiscal cliff.'

What if there's no deal on fiscal cliff?

1:54 PM, Dec 31, 2012

Practically speaking, they likely have a "grace period" of a couple of weeks to pass a bill that wards off the bulk of scheduled tax increases and spending cuts without causing too much damage. But there's no guarantee that they'd be able to forge an agreement quickly.

Even with deal, payroll tax likely to rise

1:37 PM, Dec 31, 2012

Even if Congress reaches a fiscal cliff deal Monday, millions of Americans are still likely to see taxes go up in 2013.

Congress waits as Biden, McConnell negotiate 'cliff'

11:34 AM, Dec 31, 2012

The House reconvened Monday in a rare New Year's Eve session and the Senate was set to follow suit, but all the action on a possible "fiscal cliff" deal remained behind closed doors as Vice President Joe Biden and top Senate Republican leader Mitch McConnell worked late into the night to in an effort to avoid a midnight deadline.

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