Sen. Charles Schumer, D-N.Y. (right), shown at a news conference Thursday on Capitol Hill with Senate Majority Leader Harry Reid, is arguing for raising taxes on the wealthy as part of a deal to avoid the fiscal cliff.
J. Scott Applewhite/AP
A screen grab from an ad by the Defend My Dividend campaign, which is funded by utilities and other companies. They don't support a proposed increase in taxes from investment income.
President Obama speaks Wednesday while meeting with citizens at the White House. Obama called on Republicans to halt an automatic tax hike for middle-class Americans.
Jewel Samad/AFP/Getty Images
The Christmas shopping season could be harmed if the fiscal cliff fight depresses consumer confidence, according to a new report from Obama administration economists.
Andrew Kelly/Getty Images
Senate Minority Leader Mitch McConnell, R-Ky., prepares to announce a debt ceiling deal in July 2011. That deal laid the foundation for the across-the-board spending cuts set to take effect on New Year's Day, 2013.
A Palm Beach County election worker counts ballots in Riviera Beach, Fla., on Nov. 9. Rep. Allen West contested the results of the election in Florida's 18th District for two weeks before conceding. Since 2000, the number of contested elections has more than doubled.
J Pat Carter/AP