White House

Budget Battles

  • Obama Presses GOP on Deal As Cliff Deadline Nears

    By Eric Pianin

    The president urged Republicans to support a deal emerging in the Senate to extend Bush-era tax cuts to all but the wealthiest taxpayers, protect unemployment benefits for 2 million Americans and...

  • A Fiscal Cliff Timeline, Built by Partisan Politics

    By The Fiscal Times Staff

    Political gamesmanship, bitter ideological divisions and repeated miscalculations by both parties over the past two years all helped to put the country on the road to the fiscal cliff.

  • Rates, Estate Tax Are Sticking Points in Possible Deal

    By Lori Montgomery Wp and And Lori Montgomery, The Washington Post, The Washington Post

    Senate negotiators labored late into Saturday over a last-ditch plan to avert the “fiscal cliff,” struggling to resolve key differences over how many wealthy households should face higher income...

  • Obama’s Desperate Measure—A Fiscal Cliff ‘Plan B’

    By Josh Boak, The Fiscal Times

    With the nation on the verge of stumbling off the fiscal cliff, President Obama sounded desperate Friday as he reeled off his expectation that lawmakers would at least hold a vote to avert the...

  • Middle Class Gets ‘Cliffed’ by Huge Tax If No Deal

    By Josh Boak, The Fiscal Times

    There’s a common misperception about the fiscal cliff—that the tax increases only apply to 2013. Not true. In a cruel epilogue to 2012, roughly 28 million families would owe the IRS $84 billion more...