- Fiscal Cliff
Congress staves off tax hikes, averting the 'fiscal cliff'
WASHINGTON — Past its own New Year's deadline, a weary Congress sent President Barack Obama legislation to avoid a national "fiscal cliff" of middle class tax increases and spending cuts late Tuesday night in the culmination of a struggle that strained America's divided government to the limit.
Defense Contractors' Shopping Lists on Hold Ahead of Budget Cuts
Kratos Defense & Security Solutions Inc. in July bought a company that makes drones used for military target practice. Then the contractor put further acquisitions on hold.
With No 'Cliff' Deal in Sight, Sequestration Seems All But Certain
It was designed to be the budget cut so painful, so indiscriminate, so downright mindless that even a gridlocked Congress wouldn't allow it to happen.
For Lawmakers Hoping for 'Fiscal Cliff' Deal, So Much to Do and So Little Time
WASHINGTON — Turning the newfound optimism for a deal to avoid the "fiscal cliff" into an actual deal will take 72 hours of deft political and procedural maneuvering through many of the same traps that have so far prevented an agreement.
There's Still Hope to Avoid a 'Fiscal Cliff'
The United States is only three days away from going over the "fiscal cliff" — with all the damage that could do to confidence in the country's capacity to manage its basic affairs — and Washington's leaders still have not agreed on even a stopgap measure to avoid the worst consequences of failing to reach an agreement. But there is a clear way to avert them.
Starbucks' New Political Blend, Ready for Roasting
Few problems in this life cannot be solved by the application of coffee. When you hear the chimes at midnight, and you have a project that must be finished by dawn, and you have all the vigor of a newspaper that has been left out in the rain — well, just apply coffee.
Make Middle Class Pay More
Barring a last-minute breakthrough, taxes will go up for every U.S. taxpayer on Jan. 1 — and that's a development conservatives should welcome.
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- More Fiscal Cliff Headlines
- Congress staves off tax hikes, averting the 'fiscal cliff'