December 13, 2012 Of the 535 members of Congress, not many are in the loop about negotiations to avoid automatic spending cuts and tax increases in the new year. Lawmakers are waiting to see what President Obama and House Speaker John Boehner come up with — and some are nervous about having to quickly vote on a bill despite misgivings.
December 11, 2012 President Obama and congressional Republicans have been trying to negotiate a deal to avert the automatic tax hikes and spending cuts known as the "fiscal cliff." But what happens Jan. 1 if no agreement is reached? Some experts say not much will happen — at least not immediately.
December 6, 2012 As House Speaker John Boehner tries to work with President Obama to prevent automatic tax increases and spending cuts, he is taking heat from members of his own party. Some conservatives think he gave up too much, too soon in his opening offer.
November 29, 2012 The rates on capital gains and dividends are on the table in the negotiations over the fiscal cliff. Some complain that it would hurt companies' stock prices, giving them less money to invest. But other economists say it's unlikely to have strong effects.
November 29, 2012 The tax code has long favored investment income over the money you get in your paycheck. But today's rates on dividends and capital gains are especially low, dating to tax cuts installed under President George W. Bush. And they're one target in the talks to avert a so-called fiscal cliff.
November 27, 2012 It's now widely agreed that steering away from the fiscal cliff — the combination of spending cuts and tax increases set to hit at the start of the year — will require some combination of revenue increases and spending cuts. The central sticking point could well be whether President Obama and Congress can agree on the definition of revenue.
November 13, 2012 Virtually everyone agrees that allowing the nation to fall off the so-called fiscal cliff would be a bad thing. Government programs would be cut, taxes would rise, and experts say the economy would fall back into recession. And after all that, the nation still would be dealing with a budget deficit.