Richard's Feed
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.

Dec 26, 2012

Congress awaits Obama’s return for late push on “fiscal cliff”

WASHINGTON/HONOLULU (Reuters) – The United States on Wednesday edged closer to the “fiscal cliff” as Congress waited for President Barack Obama to return from vacation in Hawaii and make one final attempt to avoid huge tax hikes and spending cuts in the New Year.

In the absence of Obama, there was no sign of either side in Congress making an effort to strike a deal. The corridors of the Capitol building were empty except for an occasional police officer, and members’ office doors stayed locked.

Dec 23, 2012

Fear, finger-pointing mount over U.S. fiscal cliff

WASHINGTON (Reuters) – Top U.S. lawmakers voiced rising fear on Sunday that the country would go over “the fiscal cliff” in nine days, triggering harsh spending cuts and tax hikes, and some Republicans charged that was President Barack Obama’s goal.

“It’s the first time that I feel it’s more likely that we will go over the cliff than not,” Senator Joe Lieberman, an independent from Connecticut, said on CNN’s “State of the Union.”

Dec 23, 2012

Scenarios: Seven ways the “fiscal cliff” crisis could end

WASHINGTON (Reuters) – So what now?

The U.S. House of Representatives’ rejection of a bill to raise taxes on just 0.18 percent of Americans – those making more than $1 million a year – has raised questions about the Republican-led chamber’s ability to approve any plan to avert the looming “fiscal cliff.”

Unless President Barack Obama and the U.S. Congress can forge a deal during the Christmas and New Year’s holiday season, the largest economy in the world could be thrust back into a recession because of the steep tax increases and spending cuts that are due to begin in January.

    • 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."
    • Follow Richard