White House
  • OMB’s Fiscal Tricks Can Delay a ‘Cliff’ Recession

    With time running out for a deal to avert the fiscal cliff, federal agencies are bracing for deep automatic spending cuts in defense and domestic programs next month that many experts say could help...

  • Can Budget Crisis Talks Get Back on Track?

    By Richard Cowan and Mark Felsenthal, Reuters

    Efforts to prevent the U.S. economy from going over a "fiscal cliff" stirred back to life Wednesday with less than a week to go before potentially disastrous tax hikes and spending cuts kick in at...

  • Government About to Hit $16.4 Trillion Debt Limit

    By Zachary A Goldfarb, The Washington Post

    The U.S. government will hit the $16.4 trillion federal debt limit on Monday and turn to “extraordinary measures” to continue borrowing, the Treasury Department said Wednesday, beginning a countdown...

  • Money Moves to Make Before the Year-End Cliff

    By Linda Stern, Reuters

    By now, we thought the path forward would be clear and the usual six-day flurry of tax-focused check writing and income-shifting could commence. But we're still in wait-and-see mode when it comes to...

  • Why Democrats Now Support Most of the Bush Tax Cuts

    By Zachary A Goldfarb, The Washington Post

    Democrats are pushing the permanent extension of the Bush-era tax cuts, which they once staunchly opposed, in order to reach a deal to avoid the fiscal cliff.