Just two weeks before his second inauguration, President Barack Obama is acting as if he believes he has a big mandate for his next term. The latest sign: his decision to defy a concerted campaign against his choice for defense secretary. The Democratic president, re-elected in November, unveiled a more combative approach during the end-of-year…
While not totally satisfied with the results, many Jewish groups have come out in support of Congress’ last minute efforts to reach a fiscal cliff deal. Linda Slucker, president of the National Council of Jewish Women, said her organization welcomed the part of the deal that protects Medicare, Medicaid and Social Security while extending unemployment…
The United States averted economic calamity on Tuesday when lawmakers approved a deal to prevent huge tax hikes and spending cuts that would have pushed the world’s largest economy off a “fiscal cliff” and into recession. The agreement hands a clear victory to President Barack Obama, who won re-election on a promise to address budget…
Washington’s last-minute scramble to step back from a “fiscal cliff” ran into trouble on Tuesday as Republicans in the House of Representatives balked at a deal to avert a budget crisis. Republican leaders in the House said they might try to change the bill approved by the Senate which voted to raise taxes on the…
The Senate moved the U.S. economy back from the edge of a “fiscal cliff” on Tuesday, voting to avoid imminent tax hikes and spending cuts in a bipartisan deal that could still face stiff challenges in the House of Representatives. In a rare New Year’s session at around 2 a.m. EST (0700 GMT), senators voted…
The U.S. Congress comes back on Monday without a deal to avert the “fiscal cliff” and only a few hours of actual legislative time scheduled in which to act if an agreement materializes. Negotiations involving Vice President Joe Biden and Senate Republican leader Mitch McConnell appeared to offer the last hope for avoiding the across-the-board…
U.S. lawmakers pushed the country to the edge of the “fiscal cliff” on Sunday as they struggled to reach a last-minute deal that could protect the world’s largest economy from a politically induced recession. Democratic and Republican leaders in the Senate had hoped to clear the way for swift action that would avert sweeping tax…
President Barack Obama and U.S. congressional leaders agreed on Friday to make a final effort to prevent the United States from going over the “fiscal cliff,” setting off intense bargaining over Americans’ tax rates as a New Year’s Eve deadline looms. With only days left to avoid steep tax hikes and spending cuts that could…
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