Congress

Budget Battles

  • Fiscal Cliff Cuts Will Diminish Obama’s Second Term

    By Peter Wallsten and Zachary A Goldfarb, The Washington Post

    Even if President Obama succeeds in getting Republicans to agree to tax hikes on the wealthy as part of a “fiscal cliff” deal, the country’s grim budget realities will still cast a long shadow —...

  • Week Ahead: Dumping Stocks at the Foot of the “Cliff"

    By Caroline Valetkevitch, Reuters

    Investors typically sell stocks to cut their losses at year end. But worries about the "fiscal cliff" - and the possibility of higher taxes in 2013 - may act as the greatest incentive to sell both...

  • Boehner to Obama: I Need An Offer We Can’t Refuse

    By Josh Boak, The Fiscal Times

    House Speaker John Boehner laid down a major condition Friday in his talks with President Obama about the fiscal cliff: Make me an offer that can pass both chambers of Congress.

  • Job Growth Quickens, Jobless Rate Lowest Since 2008

    By Lucia Mutikani, Reuters

    Employment grew faster than expected in November as the hit from superstorm Sandy on payrolls was less forceful than many feared. At the same time, the jobless rate fell to a near four-year low, but...

  • Millions from Education Lobby to Block Budget Cuts

    By Eric Pianin and Brianna Ehley

    With at least $16 billion in federal funds and grants at stake next year if the government goes over the fiscal cliff, the nation’s colleges and primary and secondary education systems are waging a...