FISCAL CLIFF STORIES
President Obama said Monday that Congress is making progress on a deal to avoid the fiscal cliff, at least temporarily.
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.
This fiscal cliff: averted. Next fiscal cliff: ahead.
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.
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
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
JACKSONVILLE, Fla. -- Now that a fiscal cliff deal has been reached, we
wanted to see where First Coast lawmakers came down on the vote.
One formality remains: President Obama must actually sign the "fiscal cliff" bill.
The "fiscal cliff" compromise has been heralded as a saving grace for middle class taxpayers, their families and the unemployed.
NEW YORK -- The "fiscal cliff" compromise, despite lingering
problems, sent the stock market shooting higher Wednesday, first trading
day of the new year.
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.
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.
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.
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.
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
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.
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.
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.
WASHINGTON (AP) - A Democratic aide says the White House and congressional Republicans have reached an agreement to avert the so-called fiscal cliff.
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.
WASHINGTON (AP) - The U.S. government is running up against its $16.4 trillion borrowing limit and is taking steps to avoid default.
WASHINGTON (AP) - Congress won't meet Monday midnight deadline on voting to avert 'fiscal cliff.'
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 if Congress reaches a fiscal cliff deal Monday, millions of Americans are still likely to see taxes go up in 2013.
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.