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.
December 31, 2012 Vice President Joe Biden was meeting late Monday with Senate Democrats to brief them on a proposed deal to stop the sharp tax increases and spending cuts. The Senate may vote on the deal Monday night, but there will be no vote in the House until Tuesday at the earliest.
December 31, 2012 Michigan's Lake Superior State University collects nominees for words or phrases that should be outlawed for "misuse, overuse and general uselessness." This year's No. 1 suggestion is all about the cliffhanger.
December 31, 2012 Talks continue on a deal to avoid automatic spending cuts and tax increases. But with just hours to go before they kick in, an agreement remained elusive.
December 30, 2012 Even if the Senate were to approve a compromise package and a majority of the House (Republicans and Democrats) were prepared to accept it, the deal likely won't even be brought to the House floor for debate and a vote. How can this be? Because of the de facto "majority of the majority" rule.
December 30, 2012 Talks appeared stalled Sunday as the Senate finished up for the evening without a deal in sight. Democratic Sen. Harry Reid said there was "still significant distance between the two sides."
December 29, 2012 They are the subject of the fiscal cliff drama, and we find that the favored phrase by NPR reporters and hosts covering the negotiations is to call them "the wealthy." Some listeners rightfully object. However, alternatives such as "job creators" are also inaccurate and political.
December 29, 2012 It was hardly the first time the president had been standing at the White House briefing room podium, asking lawmakers to finally, before time runs out, agree to his plan or cut a deal, and spare the world some gratuitous economic pain.
December 28, 2012 Seeking to avert automatic spending cuts and tax increases that are set to take effect on Jan. 1, President Obama and the four senior leaders of Congress huddled at the White House today.
December 28, 2012 President Obama and congressional leaders will meet this afternoon. There's not much talk about a deal being reached that bridges their differences over taxes and spending. But at least a few lawmakers are still optimistic.
December 27, 2012 President Barack Obama will meet with the four leaders of Congress Friday, to discuss a possible deal that would avoid automatic spending cuts and tax increases in the new year.
December 27, 2012 President Obama has returned to Washington. The Senate is back in session. House Republicans have said they're willing to talk. But with just a few days to go, both sides are saying the other will be at fault if automatic tax hikes and spending cuts aren't averted.
December 26, 2012 The president's coming back to the White House from his vacation. But that was expected. Senators are returning to the Capitol, but don't seem to be in a hurry. And House members haven't yet been told to get back to work. Many signs point to a partial deal, if that, before the New Year's Eve "deadline."