WASHINGTON (Reuters) – The United States averted economic calamity on Tuesday when lawmakers approved a deal to prevent huge tax hikes and spending cuts that would have pushed the world’s largest economy off a “fiscal cliff” and into recession.
The agreement hands a clear victory to President Barack Obama, who won re-election on a promise to address budget woes in part by raising taxes on the wealthiest Americans. His Republican antagonists were forced to vote against a core tenet of their anti-tax conservative faith.
WASHINGTON, Dec 20 (Reuters) – As a year-end deadline looms,
Republicans in the U.S. House of Representatives pushed ahead on
Thursday with their own “fiscal cliff” plan that muddles
negotiations with the White House to avoid steep tax increases
and spending cuts.
The Republican-led House is aiming to vote on Thursday
evening on Speaker John Boehner’s “Plan B” to raise taxes only
on annual incomes of more than $1 million – an effort to put
pressure on President Barack Obama to offer more concessions.
WASHINGTON (Reuters) – Several Democratic lawmakers called for a new push for U.S. gun restrictions on Sunday, including a ban on military-style assault weapons, in the wake of the Connecticut massacre in which 20 children and six adults were gunned down in a school.
Democratic Senator Diane Feinstein, the author of an assault-weapons ban that lapsed in 2004, said she would introduce new legislation this week. Senator Dick Durbin, the chamber’s No. 2 Democrat, said lawmakers would hold hearings on gun control, and several others said they would devote new attention to the long-ignored issue.
WASHINGTON, Dec 14 (Reuters) – The “fiscal cliff” impasse is
raising the odds that Congress will fail to meet a year-end
deadline to avert steep tax hikes and budget cuts that could
push the nation into another recession.
With talks between President Barack Obama and House of
Representatives Speaker John Boehner at an apparent standstill,
analysts said on Friday that it was increasingly likely that
Washington won’t be able to reach a deal before Jan. 1.
WASHINGTON, Dec 13 (Reuters) – After a year of knocking on
doors and working the phones to get U.S. President Barack Obama
re-elected, Meechie Biggers had gotten over her fear of talking
politics with strangers.
So when she came to Washington last week, the small-town
real estate agent and a few like-minded Tennesseeans paid a
visit to one of their Republican senators, Bob Corker, to try to
persuade him to back Obama’s proposal to raise tax rates for the
WASHINGTON (Reuters) – Leading U.S. lawmakers expressed confidence on Sunday that they could reach a deal to avert the “fiscal cliff” even as they laid down markers on taxes and spending that may make any agreement more difficult.
Republicans and Democratic leaders have agreed on a framework to reform the tax code and government benefit programs next year, but first need to prevent across-the-board tax increases and spending cuts due to begin in January that could push the economy back into recession.
WASHINGTON, Nov 18 (Reuters) – Leading U.S. lawmakers
expressed confidence on Sunday that they could reach a deal to
avert the “fiscal cliff” even as they laid down markers on taxes
and spending that may make any agreement more difficult.
Republicans and Democratic leaders have agreed on a
framework to reform the tax code and government benefit programs
next year, but first need to prevent across-the-board tax
increases and spending cuts due to begin in January that could
push the economy back into recession.
WASHINGTON (Reuters) – Efforts to avert the “fiscal cliff” began in earnest on Friday as President Barack Obama met with top U.S. lawmakers to work on a deal to head off year-end across-the-board tax hikes and spending cuts that could push the economy back into recession.
The hour-long session is not expected to yield much in the way of tangible results, but it could create a template for the coming weeks of negotiations.
WASHINGTON (Reuters) – Classified material kept by the woman who conducted an affair with former CIA Director David Petraeus predates their liaison and does not come from the spy agency, sources briefed on the investigation told Reuters on Thursday.
The finding appears to bolster assertions by both Petraeus and his biographer, Paula Broadwell, that their affair did not put national security secrets at risk – a central question hovering over the scandal that brought down one of the United States’ most respected public figures last week.
WASHINGTON (Reuters) – In comments made public on Thursday, retired General David Petraeus said he did not share any classified documents with Paula Broadwell, the woman with whom he had an affair that ended his tenure as CIA director.
Petraeus also told a reporter for the HLN television network that it was the affair, not any questions over the CIA’s role during the September 11, 2012, attacks on the U.S. diplomatic mission in Benghazi, Libya, that prompted him to step down.