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House GOP seeing sequester, not debt ceiling, as fight to pick

January 18, 2013 WILLIAMSBURG, Va. – Republicans appear to be willing to avoid a showdown over the debt limit and instead use the sequester as their main negotiating lever in upcoming fiscal fights with the White House and Senate Democrats. House Budget Committee Chairman Paul Ryan, R-Wis., said Republicans at a closed-door retreat...

Here's what's in the fiscal cliff deal

January 1, 2013 At around 2 a.m. on New Year's Day, the Senate passed a measure aimed at pulling the country back from the "fiscal cliff" of automatic tax hikes and spending cuts. The measure, hammered out by Vice President Joe Biden and Republican Senate Minority Leader Mitch McConnell, still needs approval by...

Cliff deal would extend tax cuts for households up to $450,000

December 31, 2012 Talks between Senate Republican Leader Mitch McConnell and Vice President Joe Biden have resulted in key tax provisions as the two worked to finish a compromise that would avert the fiscal cliff of tax hikes and drastic spending cuts poised to hit economy starting Jan. 1: Income tax rates would...

COLA calculation is at the center of latest fiscal cliff standoff

December 30, 2012 With fiscal cliff negotiations stalled, Senate Republican Leader Mitch McConnell has called his old dance partner Vice President Joe Biden in from the sidelines. "I have also placed a call to the vice president to see if he could help jump start the negotiations on his side," McConnell said on...

Fiscal cliff negotiations: A slow-motion car wreck?

December 28, 2012 Washington’s fiscal cliff negotiations have taken on the feel of a slow-motion car wreck that could be avoided if only someone would take the wheel. But instead, President Obama and congressional leaders in both parties spent Thursday engaged in what amounted to a staring contest where neither side blinked. House...

Why a fiscal cliff deal is still possible

December 21, 2012 With only days to go before Christmas, goodwill toward men is in short supply in Washington as Democrats and Republicans blame each other for driving the country toward economic calamity. Gloom has settled over the prospect of reaching a deal to keep the country from diving off a fiscal cliff...

Democrats dodge questions on spending cuts

December 19, 2012 President Obama’s latest fiscal cliff offer to support deeper spending cuts to popular government programs puts his Democratic allies on Capitol Hill in a tough spot on Tuesday, driving them to dodge questions about whether they could support it. Obama’s plan calls for $1.2 trillion in spending cuts that include...

Can Boehner sell the GOP on Obama's new fiscal cliff offer?

December 18, 2012 President Obama has made a key concession in talks over how to avoid the fiscal cliff, offering to accept a critical Republican demand for deeper spending cuts in exchange for raising tax rates on Americans making more than $400,000 a year. Now, it’s up to House Speaker John Boehner to...

Majority leader expects Senate back Dec. 26

December 17, 2012 Democratic Senate Majority Leader Harry Reid said Monday that he expects the Senate will have to come back the day after Christmas to finish a fiscal cliff deal, signaling a working holiday week for hundreds of lawmakers, staff and journalists. "It appears at this stage, we'll see if anything changes,...

Boehner back at the White House talking fiscal cliff

December 17, 2012 After a weekend of movement in the fiscal cliff negotiations, House Speaker John Boehner was back at the White House for a 45 minute meeting Monday morning. “The president and the speaker are meeting at the White House to continue their discussions about the fiscal cliff and balanced deficit reduction,”...

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