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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.

Dec 21, 2012

Scenarios: Seven ways the U.S. ‘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 21, 2012

Seven ways the U.S. “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 21, 2012

Analysis – Boehner has few options in U.S. fiscal cliff mess

WASHINGTON (Reuters) – Now that House Speaker John Boehner’s “Plan B” for addressing the “fiscal cliff” has crashed and burned, the top U.S. Republican appears to have two remaining options – wash his hands of the entire matter or negotiate a compromise with Democrats that could abandon scores of his fellow Republicans.

The Republican rank and file and Democrats may face an equally stark choice: work together for a change, or plunge together off the cliff.

Dec 21, 2012

Analysis: Boehner has few options in fiscal cliff mess

WASHINGTON (Reuters) – Now that House Speaker John Boehner’s “Plan B” for addressing the “fiscal cliff” has crashed and burned, the top U.S. Republican appears to have two remaining options – wash his hands of the entire matter or negotiate a compromise with Democrats that could abandon scores of his fellow Republicans.

The Republican rank and file and Democrats may face an equally stark choice: work together for a change, or plunge together off the cliff.

Dec 21, 2012

Boehner has few options in U.S. fiscal cliff mess

WASHINGTON, Dec 20 (Reuters) – Now that House Speaker John
Boehner’s “Plan B” for addressing the “fiscal cliff” has crashed
and burned, the top U.S. Republican appears to have two
remaining options – wash his hands of the entire matter or
negotiate a compromise with Democrats that could abandon scores
of his fellow Republicans.

The Republican rank and file and Democrats may face an
equally stark choice: work together for a change, or plunge
together off the cliff.

Dec 21, 2012

US Republicans push own ‘fiscal cliff’ plan; talks frozen

WASHINGTON, Dec 20 (Reuters) – Republicans in the U.S.
Congress pushed ahead on Thursday with a “fiscal cliff” plan
that stands no chance of becoming law as time runs short to
reach a deal with President Barack Obama to avert a possible
Washington-induced recession.

The Republican-led House of Representatives was due to vote
on raising income-tax rates on the wealthiest sliver of the
population, a move that breaks with decades of anti-tax
orthodoxy by the party.

Dec 21, 2012

Republicans push own “fiscal cliff” plan; talks frozen

WASHINGTON (Reuters) – Republicans in the Congress pushed ahead on Thursday with a “fiscal cliff” plan that stands no chance of becoming law as time runs short to reach a deal with President Barack Obama to avert a Washington-induced economic recession.

House of Representatives Speaker John Boehner’s “Plan B” to limit income-tax increases to the wealthiest sliver of the population appeared likely to pass the House on Thursday evening after it narrowly cleared a procedural hurdle in the afternoon.

Dec 20, 2012

Republicans push their own plan, fiscal talks languish

WASHINGTON (Reuters) – As a year-end deadline looms, Republicans in the House of Representatives pushed ahead on Thursday with their own “fiscal cliff” plan in a move that muddles negotiations with the White House to avoid steep tax hikes 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 over $1 million, which is aimed at putting pressure on President Barack Obama to offer more concessions.

Dec 20, 2012

US ‘fiscal cliff’ talks turn sour, Obama threatens veto

WASHINGTON, Dec 19 (Reuters) – The conflict over the stalled
“fiscal cliff” talks grew more heated Wednesday and threatened
to become even more so Thursday when the action is expected to
shift for the first time to the floor of the U.S. House of
Representatives.

In the absence of a bipartisan agreement, the Republican
leadership of the House plans to move a bill of its own to the
floor Thursday to avert the steep tax hikes and budget cuts set
for 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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