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Dec 19, 2012

Factbox: U.S. House “Plan B” tax bill likely to have short shelf life

WASHINGTON (Reuters) – The U.S. House of Representatives is likely to vote this week on what is being called “Plan B” on avoiding the “fiscal cliff.”

The Republican-sponsored legislation aims to extend current low tax rates for most families. Without such action by Congress, across-the-board income tax rates will rise on January 1.

Dec 19, 2012

Republicans put squeeze on Obama in “fiscal cliff” talks

WASHINGTON (Reuters) – Republicans tried to wring more tax-rate concessions out of the White House on Tuesday as political maneuvering intensified over an agreement to keep the U.S. economy from tumbling off the “fiscal cliff” next year. Markets rallied on hopes for a deal.

After important concessions in recent days from both President Barack Obama and House of Representatives Speaker John Boehner, Republicans moved to increase pressure on the Democrats by vowing to vote in the House on a “Plan B” back-up measure that would largely disregard the progress made so far.

Dec 18, 2012

House Republicans eye limited fiscal cliff bill

WASHINGTON (Reuters) – With time running short before a December 31 deadline, House of Representatives Speaker John Boehner will begin work on legislation that simply would extend current low income tax rates for all families with incomes below $1 million a year, according to an aide.

Negotiations will continue with the White House on a broader tax and spending deal, the Boehner aide said.

Dec 18, 2012

“Fiscal cliff” deal closer, but gaps remain

WASHINGTON (Reuters) – After making major concessions on long-held “fiscal cliff” positions, President Barack Obama and House of Representatives Speaker John Boehner will test the reaction Tuesday of their respective parties in the U.S. Congress and continue talks aimed at further narrowing their differences.

The effort is designed to avert the steep tax hikes and across the board spending cuts set to take effect unless a deal is enacted into law before December 31. Enactment would require a buy-in by the full U.S. Senate and House on whatever Obama and Boehner present to them. Neither Obama or Boehner can be certain yet on how much resistance they might meet.

Dec 18, 2012

U.S. ‘fiscal cliff’ deal closer, but gaps remain

WASHINGTON, Dec 18 (Reuters) – After making major
concessions on long-held “fiscal cliff” positions, President
Barack Obama and House of Representatives Speaker John Boehner
will test the reaction Tuesday of their respective parties in
the U.S. Congress and continue talks aimed at further narrowing
their differences.

The effort is designed to avert the steep tax hikes and
across the board spending cuts set to take effect unless a deal
is enacted into law before Dec. 31. Enactment would require a
buy-in by the full U.S. Senate and House on whatever Obama and
Boehner present to them. Neither Obama or Boehner can be certain
yet on how much resistance they might meet.

Dec 17, 2012

Hopes rise for “fiscal cliff” deal as Obama, Boehner meet

WASHINGTON (Reuters) – President Barack Obama and top Republican John Boehner met at the White House on Monday as hopes rose that Washington will be able to head off steep tax hikes and spending cuts that could push the economy into recession next year.

Aides from both parties said they were optimistic that a deal could be reached in the coming days to avert the “fiscal cliff,” as lawmakers set the stage for action before a year-end deadline.

Dec 17, 2012

U.S. Congress could act quickly to pass any “fiscal cliff” deal

WASHINGTON (Reuters) – The U.S. Congress, when it moves at all, moves slowly. But when its back is against the wall, as it will be on any deal to resolve the year-end “fiscal cliff,” it can be very efficient.

For example, barely two days separated the announcement of a deal on the debt ceiling on July 31, 2011, and its enactment on August 2.

Dec 15, 2012

School murders silence “cliff” rhetoric as deadline nears

WASHINGTON (Reuters) – Mass murder in Connecticut silenced “fiscal cliff” talk on Saturday as the White House and Congress quietly got ready for a final scramble to avert the tax hikes and spending cuts set for the New Year, with sessions of the U.S. House of Representatives now scheduled just days before Christmas.

President Barack Obama canceled a trip he had planned to make next Wednesday to Portland, Maine to press his case for tax hikes for the wealthy. His weekly radio and Internet address on Saturday focused on Newtown, the site of Friday’s school shootings, in which a gunman killed 20 children and six adults before taking his own life.

Dec 14, 2012

Obama, Boehner hold “frank” meeting amid “fiscal cliff” frustration

WASHINGTON (Reuters) – President Barack Obama and House of Representatives Speaker John Boehner held a “frank” face-to-face meeting on Thursday in an effort to break an impasse in talks to avert the “fiscal cliff” of steep tax increases and spending cuts.

With an end-of-year deadline looming, the two leaders talked at the White House as frustration mounted over the recent lack of progress in negotiations that had become bogged down in a daily round of finger-pointing.

Dec 13, 2012

Frustrated Boehner digs in on U.S. ‘fiscal cliff’ talks

WASHINGTON (Reuters) – Congressional Republicans dug in on their opposition to raising taxes on the wealthy on Thursday, even as polls showed them at a growing disadvantage in the U.S. “fiscal cliff” showdown with President Barack Obama.

U.S. House of Representatives Speaker John Boehner, the top congressional Republican, refused to give ground and voiced frustration about talks with the White House to avert the steep tax hikes and spending cuts that will be triggered at the end of the year unless Congress intervenes.

    • 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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