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Dec 28, 2012

Senate leaders to make last-ditch ‘fiscal cliff’ effort

WASHINGTON, Dec 28 (Reuters) – President Barack Obama and
congressional leaders agreed on Friday to make a final effort to
prevent the United States from going over the “fiscal cliff,”
setting off intense bargaining over Americans’ tax rates as a
New Year deadline looms.

The focus now turns to the Senate, where Harry Reid, the
Democratic majority leader, and Mitch McConnell, who heads the
Republican minority, will try to come up with a deal that can
then be approved in the Republican-controlled House of
Representatives before the end of the year.

Dec 28, 2012

Expectations low for White House ‘fiscal cliff’ meeting

WASHINGTON, Dec 28 (Reuters) – President Barack Obama and
congressional leaders were to meet on Friday for the first time
since November, with no sign of progress in resolving their
differences over the U.S. federal budget and expectations low
for a “fiscal cliff” deal before Jan. 1.

Instead, members of Congress are increasingly looking at the
period immediately after the Dec. 31 deadline to come up with a
retroactive fix to avoid steep tax hikes and sharp spending cuts
that economists have said could plunge the country into another
recession.

Dec 28, 2012

House Republicans say resigned to tax hike in fiscal cliff

WASHINGTON (Reuters) – Republicans in the U.S. House of Representatives are resigned to seeing some sort of income tax increase in legislation to avoid a “fiscal cliff,” but such efforts could be doomed in the absence of spending cuts, some Republican lawmakers say.

Congress and President Barack Obama are gearing up for a last-ditch attempt to avoid $600 billion in tax increases and spending cuts that could halt progress in the U.S. economy, which lately has been showing signs of gaining ground.

Dec 28, 2012

U.S. lawmakers, Obama in last chance talks on ‘fiscal cliff’

WASHINGTON, Dec 27 (Reuters) – President Barack Obama and
lawmakers are launching a last chance round of budget talks just
days before a New Year’s deadline to
reach a deal or watch the economy go off a “fiscal cliff.”

Obama will meet congressional leaders from both parties at
the White House on Friday to try to revive negotiations to avoid
tax hikes and spending cuts – together worth $600 billion – that
will begin to take effect on Jan.1 .

Dec 28, 2012

Lawmakers set up 11th-hour bid on “fiscal cliff”

WASHINGTON (Reuters) – Lawmakers on Thursday gave themselves a last chance to prevent the United States from plunging off a “fiscal cliff” by setting up a late session in Congress a day before taxes are due to rise for most working Americans.

Republican leaders in the House of Representatives told their members to be back in Washington from the Christmas holiday break on Sunday in case they need to vote on budget measures.

Dec 27, 2012

U.S. lawmakers set up 11th-hour bid on ‘fiscal cliff’

WASHINGTON, Dec 27 (Reuters) – Lawmakers on Thursday gave
themselves a last chance to prevent the United States from
plunging off a “fiscal cliff” by setting up a late session in
Congress a day before taxes are due to rise for most working
Americans.

Republican leaders in the House of Representatives told
their members to be back in Washington from the Christmas
holiday break on Sunday in case they need to vote on budget
measures.

Dec 27, 2012

Republican U.S. lawmakers set up 11th-hour bid on ‘fiscal cliff’

WASHINGTON (Reuters) – Lawmakers on Thursday gave themselves a last chance to prevent the United States from plunging off a “fiscal cliff” by setting up a late session in Congress just about a day before taxes are due to rise for most working Americans.

Republican leaders in the House of Representatives told their members to be back in Washington from the Christmas holiday break on Sunday night in case they need to vote on budget measures.

Dec 27, 2012

Republican lawmakers set up 11th-hour bid on “fiscal cliff”

WASHINGTON (Reuters) – Lawmakers on Thursday gave themselves a last chance to prevent the United States from plunging off a “fiscal cliff” by setting up a late session in Congress just about a day before taxes are due to rise for most working Americans.

Republican leaders in the House of Representatives told their members to be back in Washington from the Christmas holiday break on Sunday night in case they need to vote on budget measures.

Dec 27, 2012

U.S. poised to go off ‘fiscal cliff’ -Senator Reid

WASHINGTON, Dec 27 (Reuters) – Senate Majority Leader Harry
Reid on Thursday warned that the United States looks to be
headed over the “fiscal cliff” of tax hikes and spending cuts
that will start next week if squabbling politicians do not reach
a deal.

Reid, the top Democrat in Congress, criticized Republicans
for refusing to go along with any tax increases as part of a
budget remedy as he sketched out a pessimistic outlook.

Dec 27, 2012

Washington stirs to prevent “fiscal cliff” as Obama heads home

WASHINGTON/HONOLULU (Reuters) – Efforts to prevent the U.S. economy from going over a “fiscal cliff” stirred back to life on Wednesday with less than a week to go before potentially disastrous tax hikes and spending cuts kick in at the New Year.

In a sign that there may be a way through deadlock in Congress, Republican House of Representatives Speaker John Boehner urged the Democrat-controlled Senate to act to pull back from the cliff and offered to at least consider any bill the upper chamber produced.

    • About Richard

      "I have been a Washington correspondent for Reuters since 2001. I have written about climate change and the environment, the U.S. Congress, politics, economic issues and agricultural trade disputes."
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