Fiscal Cliff

Budget Battles

  • Fiscal Cliff Letter from House GOP Leaders to Obama

    By The Fiscal Times Staff

    House Speaker John Boehner and other congressional GOP leaders sent President Obama the letter below, outlining a counterproposal as part of the two sides' ongoing negotiations to avert the fiscal...

  • White House Says GOP Counteroffer Isn't Balanced

    By Josh Boak, The Fiscal Times

    President Obama has been pressing congressional Republicans for their alternative to his tax-heavy plan for trimming the budget deficit—but he might not be too thrilled with the substantial...

  • Fiscal SWAT Team to the Rescue with New Debt Plan

    By Eric Pianin

    With negotiations between the White House and the Republicans over a deal to avoid the fiscal cliff at a standstill, the authors of one of the more prominent “Grand Bargain” schemes in Washington on...

  • Your Money: Over the Cliff and Into Tax Hell

    By Kay Bell, Bankrate

    In a few weeks, tax laws U.S. taxpayers have enjoyed for more than a decade are scheduled to expire. Along with long-standing and historically low tax rates, several popular tax credits and...

  • Cliff Stalemate Takes a Huge Toll on Manufacturing

    By Edward Krudy, Reuters

    Manufacturing unexpectedly contracted in November to its lowest level in more than three years, as companies worried about whether lawmakers in Washington could reach a budget deal in time avert a...