January 4, 2013 Health care has been a major focus in recent budget battles. New legislation provides a temporary fix in payments for doctors, but it will be paid for by a decade of cuts to hospitals. And a program for long-term-care insurance won't ever get off the ground.
January 3, 2013 By letting the House take up the Senate's fiscal cliff-dodging legislation that raises income tax rates on the wealthiest earners, Speaker John Boehner answered affirmatively a question that had been on many minds: Would he allow an up-or-down floor vote on a bill opposed by most fellow House Republicans?
January 2, 2013 With the president in Hawaii and the bill back in Washington, D.C., a machine did the signing. That's been done before, and was declared to be legal by President George W. Bush's lawyers.
January 2, 2013 Wall Street is joining a global rally. Though lawmakers didn't address all the issues, they did head off scheduled tax hikes and spending cuts.
January 2, 2013 First there will be a fight over raising the debt ceiling. Then there's another deadline for deep spending cuts. It's like another Lord of the Rings trilogy — we know at least two more stories are coming and it's clear there's going to be a lot of nastiness before the day is (we hope) saved.
January 1, 2013 The Senate-approved budget compromise that is meant to allow the U.S. government to avoid higher tax rates and austere budget cuts has tax rates as its central issue. We list some of the bill's effects, from tax credits to rising rates.
January 1, 2013 The compromise deal, which was approved by the Senate earlier Tuesday, stops large tax increases for 99 percent of Americans and delays massive spending cuts for two months. The bill now goes to President Obama, who is expected to sign it into law.