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.
November 22, 2012 References to the fiscal cliff, set for Jan. 1, have become ubiquitous in Washington. But many may have forgotten just how and when the looming tax increases and spending cuts were first devised.
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At the White House Monday, President Obama expressed his disappointment in the supercommittee's failure.
November 22, 2011 The failure to agree on a way to trim budget deficits will give both major parties plenty of ammunition for next year's campaigns.
November 21, 2011 Coming as it does now less than a year before the 2012 general election, the failure of the panel to achieve at least $1.2 trillion in deficit reduction means each major political will now be focused on trying to persuade voters its rival party is more responsible for the breakdown.
November 21, 2011 In the first hour of today's Talk of the Nation: New sanctions against Iran after the latest report on the country's nuclear program. Plus NPR's Ron Elving on the failure of the supercommittee. In today's second hour: The profile of a sexual predator, and the Opinion Page.
November 21, 2011 The likely collapse of the so-called supercommittee's efforts to put together a deficit-reduction deal and continued concern about the debt crisis in Europe are pushing stocks down on Wall Street.
November 21, 2011 Brace for a negative response from financial markets and prepare for more political battles in the coming year if the so-called supercommittee concedes later today that it couldn't agree on how to cut future budget deficits.
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House Speaker John Boehner (R-Ohio) and other Republican leaders on Tuesday in the Capitol.
J. Scott Applewhite/AP
November 16, 2011 But with one week go to before the so-called supercommittee is supposed to announce a deficit-reduction plan, it's still far from certain that the lawmakers will reach that goal.
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August 15, 2011 Warren Buffett, the Oracle of Omaha and one of the world's wealthiest individuals, is well known in investment circles for his advice against trying to time the market.But trying to time a political debate is a different matter for the master investor.
August 5, 2011 With Congress' leaders poised to select the 12 members of the supercommittee that will decide what spending cuts to make to find $1.5 trillion of savings, we thought it might be fun to think about who should be on that committee on two levels.
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