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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.

Dec 22, 2012

Analysis: Stop-gap fix most likely outcome of “fiscal cliff” talks

WASHINGTON (Reuters) – The “fiscal cliff” deadline is days away and the U.S. Congress and President Barack Obama have left town for Christmas.

But even if they were still here, it wouldn’t have mattered, according to Steny Hoyer, the second-ranking Democrat in the House of Representatives. He says they were going nowhere to resolving the disagreement over how to fix the nation’s fiscal problems.

Dec 22, 2012

Analysis – Stop-gap fix most likely outcome of U.S. “fiscal cliff” talks

WASHINGTON (Reuters) – The “fiscal cliff” deadline is days away and the U.S. Congress and President Barack Obama have left town for Christmas.

But even if they were still here, it wouldn’t have mattered, according to Steny Hoyer, the second-ranking Democrat in the House of Representatives. He says they were going nowhere to resolving the disagreement over how to fix the nation’s fiscal problems.

Dec 22, 2012

Stop-gap fix most likely outcome of US ‘fiscal cliff’ talks

WASHINGTON, Dec 22 (Reuters) – The “fiscal cliff” deadline
is days away and the U.S. Congress and President Barack Obama
have left town for Christmas.

But even if they were still here, it wouldn’t have mattered,
according to Steny Hoyer, the second-ranking Democrat in the
House of Representatives. He says they were going nowhere to
resolving the disagreement over how to fix the nation’s fiscal
problems.

Dec 22, 2012

The sinking of ‘Plan B’; the US ‘fiscal cliff’ disaster of John Boehner

WASHINGTON, Dec 22 (Reuters) – Had there been a vote on
Republican House Speaker John Boehner’s “Plan B” to avert the
so-called U.S. fiscal cliff on Thursday night, it would not have
been close. He was probably 40 to 50 votes short of the number
he needed to avoid a humiliating defeat at the hands of his own
party, according to rough estimates from Republican members of
Congress and staff members.

It was not for lack of effort. Boehner and his two top
deputies, Eric Cantor and Kevin McCarthy, along with other House
Republican leaders, tried for three days to muster support for
the measure, which would have cut government spending and raised
taxes on millionaires to head off across-the-board tax hikes and
spending cuts set for January.

Dec 22, 2012

The sinking of “Plan B”; the U.S. “fiscal cliff” disaster of John Boehner

WASHINGTON (Reuters) – Had there been a vote on Republican House Speaker John Boehner’s “Plan B” to avert the so-called U.S. fiscal cliff on Thursday night, it would not have been close. He was probably 40 to 50 votes short of the number he needed to avoid a humiliating defeat at the hands of his own party, according to rough estimates from Republican members of Congress and staff members.

It was not for lack of effort. Boehner and his two top deputies, Eric Cantor and Kevin McCarthy, along with other House Republican leaders, tried for three days to muster support for the measure, which would have cut government spending and raised taxes on millionaires to head off across-the-board tax hikes and spending cuts set for January.

Dec 22, 2012

Six ways the US ‘fiscal cliff’ crisis could end

WASHINGTON, Dec 21 (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 across-the-board government tax
increases and spending cuts that are due to kick in in January.

Dec 21, 2012

Seven ways the fiscal cliff crisis could end

WASHINGTON, Dec 21 (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."
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