President Obama and House Speaker John Boehner disagree about whether tax rates on the top two percent of earners should go up. The White House says, 'yes' and Republicans say, 'no'. Most Americans don't think the two sides will reach an agreement by January 1, according to a recent poll. But others are more optimistic.
The health-care law could strain household budgets, but drastic impacts on the US economy over the coming decade are unlikely, experts say.
The political and economic ramifications are too big for Washington to let the large tax increases and spending cuts take effect. But this doesn't necessarily mean lawmakers will craft a decisive solution to the nation's fiscal woes.
Republican congressional leaders and President Obama sharply disagree over how to deal with the impending “fiscal cliff.” But a successful plan shouldn’t be that hard to put in place. Here are six ways Washington can avoid the “fiscal cliff.”
Since the election, House Speaker John Boehner (R) has had some conciliatory-sounding words about the need to avoid the 'fiscal cliff.' While he's said 'new revenue' might be part of the solution, it's problematic to assume he means higher taxes on the rich.
In response to a reporter's question during his first press conference after reelection, President Obama says he aims to curb the effects of climate change while growing the economy.