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Nov 28, 2012

Cracks surface in Republican unity on tax rates

WASHINGTON, Nov 28 (Reuters) – Republican unity against
raising tax rates for the wealthy started showing cracks as a
conservative congressman said he would back an agreement with
President Barack Obama to raise rates on the rich but extend tax
cuts for income below $250,000.

With Congress scrambling to forge an agreement to avoid a
package of tax increases and spending cuts scheduled to kick in
at the end of the year – known as the “fiscal cliff” -
Congressman Tom Cole said Republicans should accept a that
guarantees 98 percent of Americans would not suffer a tax
increase that endangers the economic recovery.

Nov 27, 2012

Obama promotes tax agenda, Congress in stand-off

WASHINGTON (Reuters) – President Barack Obama on Tuesday launched a public relations push for his bid to raise taxes on wealthy Americans, but U.S. lawmakers remained deadlocked over dramatic, year-end tax increases and spending cuts known as the “fiscal cliff.”

At the White House, small business leaders emerged from a one-hour meeting with Obama to voice support for his goal of extending low tax rates for the middle class beyond the end of the year, while letting rates rise for wealthier taxpayers.

Nov 26, 2012

With fiscal cliff deadline nearing, parties still at odds

WASHINGTON (Reuters) – Republicans in the U.S. Congress on Monday called on President Barack Obama to detail long-term spending cuts to help solve the country’s fiscal crisis, while holding firm against the income tax rate increases for the wealthy that Democrats seek.

The White House has been equally firm in its position, threatening to veto any bill that does not include the tax rate increases opposed by Republicans.

Nov 25, 2012

Fiscal battles could sideline U.S. immigration reform

WASHINGTON (Reuters) – President Barack Obama’s re-election this month gave supporters of comprehensive immigration reform an immediate dose of optimism.

They hoped that Obama, bolstered by the 70 percent-plus support he received from Hispanic voters, might now feel ready to champion the cause he largely avoided during his first term.

Nov 25, 2012

Analysis: Fiscal battles could sideline U.S. immigration reform

WASHINGTON (Reuters) – President Barack Obama’s re-election this month gave supporters of comprehensive immigration reform an immediate dose of optimism.

They hoped that Obama, bolstered by the 70 percent-plus support he received from Hispanic voters, might now feel ready to champion the cause he largely avoided during his first term.

Nov 22, 2012

Jesse Jackson Jr. resigns from House, citing health

WASHINGTON/CHICAGO (Reuters) – Representative Jesse Jackson Jr., who has been treated for bipolar disorder and is reportedly under investigation for possible misuse of campaign funds, resigned his seat on Wednesday, citing health reasons.

“My health issues and treatment regimen have become incompatible with service in the House of Representatives. Therefore, it is with great regret that I hereby resign … effective today, in order to focus on restoring my health,” the Chicago Democrat said in a letter to U.S. House Speaker John Boehner.

Nov 17, 2012

Early “fiscal cliff” talks show possible path to deal

WASHINGTON (Reuters) – President Barack Obama and top lawmakers agreed on Friday to work on a framework for reforming the U.S. tax code and “entitlement” programs next year, in what could be an important first step in averting the upcoming ‘fiscal cliff.”

While the congressional leaders and the president had spoken individually in the past week in public statements about a construct for going forward, Friday’s session marked the first time they sat in a room together and struck a similar chord.

Nov 17, 2012

Analysis: Early “fiscal cliff” talks show possible path to deal

WASHINGTON (Reuters) – President Barack Obama and top lawmakers agreed on Friday to work on a framework for reforming the U.S. tax code and “entitlement” programs next year, in what could be an important first step in averting the upcoming ‘fiscal cliff.”

While the congressional leaders and the president had spoken individually in the past week in public statements about a construct for going forward, Friday’s session marked the first time they sat in a room together and struck a similar chord.

Nov 16, 2012

Obama, Congress leaders meet to head off ‘fiscal cliff’

WASHINGTON, Nov 16 (Reuters) – Efforts to avert the “fiscal
cliff” began in earnest on Friday as President Barack Obama met
with top U.S. lawmakers to work on a deal to head off year-end
across-the-board tax hikes and spending cuts that could push the
economy back into recession.

The hour-long session is not expected to yield much in the
way of tangible results, but it could create a template for the
coming weeks of negotiations.

Nov 15, 2012

On eve of U.S. fiscal cliff talks, positions harden

WASHINGTON, Nov 15 (Reuters) – As President Barack Obama and
congressional leaders prepared for budget and tax talks on
Friday aimed at preventing the U.S. economy from falling back
into recession next year, Democrats and Republicans dug in on
their long-held opposing positions.

“What we won’t do is raise tax rates,” Senate Republican
leader Mitch McConnell warned on Thursday.

    • 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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