As the American people helplessly watch and wait for word from Washington, fiscal cliff talks in the Senate hit and rebounded from various roadblocks Dec. 30—less than 24 hours from the make-or-break deadline. As all bets were placed on Senate Majority Leader Harry Reid (D-Nev.) and … [Read more...]
Fiscal Cliff Just Days Away and John Boehner Extends His Vacation
As the time to avoid the approaching fiscal cliff can now be counted in hours, President Obama and the Senate returned to Washington to resume work Dec. 27. The House of Representatives, however, will not return until Dec. 30—only 30 hours before the deadline. At this point, it’s hard … [Read more...]
Fiscal Cliff Days Away, Plan B Denied and No Resolution in Sight
As House Speaker John A. Boehner put forth a proposal to end fiscal cliff worries, Democrats rejected the plan out of hand, but now even Republicans don't support the plan. Boehner told the press, "The house did not take up the tax measure today because it did not have sufficient … [Read more...]
President Obama Rejects John Boehner’s $1 Million Tax Increase (Plan B)
Fiscal Cliff talks appear to have reached a standstill as of Wednesday morning, after President Barack Obama outright rejected Republican House Speaker John Boehner's “Plan B” offer to raise income taxes on Americans making over $1 million a year in exchange for unspecified spending … [Read more...]
Rumors that John Boehner Will Give into Higher Tax Rates are Circulating
President Barak Obama and House Speaker John Boehner will continue fiscal cliff talks at the White House as of Monday morning according to reports issued from the White House. The meetings, however, remain shrouded in a sense of anticipation, however, as no other information was … [Read more...]
Fiscal Cliff Looming Over US as Tax Increase Battle Heats Up
With the fiscal cliff looming ever nearer, talks between Republican House Speaker John Boehner and President Barak Obama are appearing to increase in tension. Reports indicate that the wedge issues that cannot be resolved in negotiation are tax hikes for the wealthiest 2 percent of … [Read more...]
Fiscal Cliff Fears Intensify as Deadline Gets Closer
As the year-end approaches, angst over the impending fiscal cliff only gets worse. There seems to be little real compromise coming out of Washington to get this behind us. The political posturing continues as Americans watch and hope a resolution will be found before the clock runs … [Read more...]
Obama Won’t Budge on Tax Reform Fiscal Cliff Here We Come
President Obama plans to play hardball when it comes to raising taxes on the wealthy, according to White House spokesmen, and is willing to let the country go over the “fiscal cliff” if Republican lawmakers don’t cooperate. “This is a choice of the Republican Party,” White House … [Read more...]
Republicans Reject Stimulus Measures in Obama’s Debt-reduction Plan
As Democrat and Republican lawmakers struggle to agree on a long-term economic solution—and the fiscal cliff draws nearer—the Obama administration is paying renewed attention to stimulating the again-sluggish economy. In his debt proposal presented last week to Congressional leaders, … [Read more...]
Obama Tweets to Rally his Fiscal Cliff Plan as Republicans Propose Their Own Solution
President Obama hosted a town hall forum on Twitter Monday afternoon, urging middle-class Americans to contact their Congressmen to support his budget plans. The president used the hashtag #My2K to reinforce the $2,000 in extra taxes the average American family will pay if Congress … [Read more...]
Fiscal Cliff Negotiations Turn Sour as the Parties Divide on Budget Proposal
Reports from Washington indicate budget talks may have taken a step backward Thursday as House Speaker John Boehner rejected the Obama administration’s $4 trillion plan to avoid going over the approaching fiscal cliff. Although he offered no details, Boehner said he was “disappointed” … [Read more...]
Stocks Close Higher on Fiscal Cliff Optimism
After Senate Majority Leader Harry Reid’s Tuesday remarks concerning lack of progress in fiscal cliff talks caused the market to slump, it rebounded Wednesday when House Speaker John Boehner told reporters he was optimistic a deal would be reached before the Dec. 31 deadline. The Dow … [Read more...]
President Obama and Speaker Boehner Speak Out on Avoiding the Fiscal Cliff
This week's announcements from President Obama and Republican Speaker of the House John Boehner, regarding how to tackle tax increases were aimed at positioning their stance on the issue, while leaving room for compromise. While there seems to be some of the same old points of … [Read more...]
