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Jan 3, 2013

U.S. Republicans start new Congress bruised and divided

WASHINGTON, Jan 2 (Reuters) – In the wake of bruising fights
in their own ranks over the “fiscal cliff” and aid for victims
of superstorm Sandy – Republicans in the U.S. House of
Representatives open a new Congress on Thursday more divided
than ever.

While their leader, Speaker John Boehner, seems in no danger
of losing his position because of the divisions, his ability to
speak for his membership in the House appears greatly
diminished.

Jan 2, 2013

House Republicans weigh last-ditch challenge to fiscal deal

WASHINGTON (Reuters) – The Congress headed toward another showdown over the “fiscal cliff” on Tuesday as Republicans in the House of Representatives mounted a last-ditch effort to reshape a tax deal meant to prevent Washington from pushing the world’s biggest economy into recession.

If successful, the measure would set up a high-stakes showdown with the Democratic-controlled Senate and risk a stinging rebuke from financial markets about to open in Asia.

Jan 1, 2013

U.S. Senate approves ‘fiscal cliff’ deal, crisis eased

WASHINGTON, Jan 1 (Reuters) – The Senate moved the U.S.
economy back from the edge of a “fiscal cliff” on Tuesday,
voting to avoid imminent tax hikes and spending cuts in a
bipartisan deal that could still face stiff challenges in the
House of Representatives.

In a rare New Year’s session at around 2 a.m. EST (0700
GMT), senators voted 89-8 to raise some taxes on the wealthy
while making permanent low tax rates on the middle class that
have been in place for a decade.

Jan 1, 2013

U.S. Senate approves bill to avert ‘fiscal cliff’

WASHINGTON, Jan 1 (Reuters) – The U.S. Senate overwhelmingly
approved legislation to avert the “fiscal cliff” on Tuesday -
two hours after a midnight deadline – by stopping most of the
tax hikes and across-the-board spending cuts that were due to
begin with the new year.

After an 89-8 vote in the Senate, the measure now moves to
the Republican-controlled House of Representatives, which is
expected to consider it later on Tuesday.

Jan 1, 2013

“Fiscal cliff” tumble looms despite Senate efforts

WASHINGTON (Reuters) – The United States was on track to tumble over the “fiscal cliff” at midnight on Monday, at least for a day, as lawmakers held back from supporting an eleventh-hour plan from Senate leaders to avert severe tax increases and spending cuts.

The U.S. House of Representatives looked unlikely to vote on a Senate “fiscal cliff” plan before midnight, possibly pushing a legislative decision into New Year’s Day, when financial markets will be closed.

Jan 1, 2013

‘Fiscal cliff’ tumble looms despite U.S. Senate efforts

WASHINGTON (Reuters) – The United States was on track to tumble over the “fiscal cliff” at midnight on Monday, at least for a day, as lawmakers held back from supporting an eleventh-hour plan from Senate leaders to avert severe tax increases and spending cuts.

The U.S. House of Representatives looked unlikely to vote on a Senate “fiscal cliff” plan before midnight (05:00 GMT Tuesday), possibly pushing a legislative decision into New Year’s Day, when financial markets will be closed.

Dec 31, 2012

Hours from ‘fiscal cliff,’ still no deal in US Congress

WASHINGTON, Dec 31 (Reuters) – Taxes were on track to rise
for many Americans this week unless U.S. lawmakers could cut a
last-minute deal on Monday to avoid the “fiscal cliff,” an
outcome that seemed unlikely, but still possible.

Financial markets were on edge only hours before the
midnight arrival at the long-awaited “cliff,” an assortment of
$600 billion in tax hikes and broad federal spending cuts on
defense and domestic programs that has defied a political
solution.

Dec 31, 2012

Washington pushes United States to edge of “fiscal cliff”

WASHINGTON (Reuters) – Lawmakers pushed the country to the edge of the “fiscal cliff” on Sunday as they struggled to reach a last-minute deal that could protect the world’s largest economy from a politically induced recession.

Democratic and Republican leaders in the Senate had hoped to clear the way for swift action that would avert sweeping tax increases and spending cuts due to kick in on Tuesday.

Dec 30, 2012

Senate leaders work to avoid New Year’s “fiscal cliff”

WASHINGTON (Reuters) – Congressional negotiators burrowed into their offices on Saturday to see if they could stop the U.S. economy from falling off of a “fiscal cliff” in just three days when the biggest tax increases ever to hit Americans in one shot are scheduled to begin.

Aides to Senate Majority Leader Harry Reid, a Democrat, and Senate Republican leader Mitch McConnell worked through the day on a possible compromise that would set aside $600 billion in tax increases and across-the-board government spending cuts that are set to kick in next week.

Dec 29, 2012

U.S. Senate leaders work to avoid New Year’s ‘fiscal cliff’

WASHINGTON, Dec 29 (Reuters) – Congressional negotiators
burrowed into their Capitol offices on Saturday to see if they
can stop the U.S. economy from falling off of a “fiscal cliff”
in just three days when the biggest tax increases ever to hit
Americans in one shot are scheduled to begin.

Aides to Senate Majority Leader Harry Reid, a Democrat, and
Senate Republican leader Mitch McConnell were expected to work
through the day on a possible compromise that would set aside
$600 billion in tax increases and across-the-board government
spending cuts that are set to kick in next week.

    • 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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