Fiscal Cliff calculator: What it would mean for you
Find out your specific costs if no deal is reached
Find out your specific costs if no deal is reached
Both the House of Representatives and the Senate went back into session Sunday afternoon.
Republicans argued Sunday that the resistance to Obama’s plan is based on his refusal to adequately limit spending.
Congressional dithering over a fiscal cliff fix could force the Internal Revenue Service to delay the start of the filing season.
A political summit on Friday at the White House left it to the Senate’s top Democrat and Republican to work out a possible compromise to avoid the fiscal cliff, participants said.
The Tax Policy Center estimates the average U.S. household will pay an additional $3,500 a year in taxes, if Congress does not reach a deal by its January 1st deadline.
My first prediction for 2013: We won’t really drive off the fiscal cliff at midnight Monday.
White House officials said Thursday that President Barack Obama will not send a fiscal cliff measure to Capitol Hill, while Republicans insisted they were expecting more details on the president’s proposal.
The worst-case scenario is if Congress stands by and lets the fiscal cliff stay in effect all next year. Economists expect the U.S. economy would then fall into a recession.
With five days to go before the so called fiscal cliff deadline, area restaurant owners are voicing concerns over what would happen if no deal is reached.
The return of the so-called marriage penalty could cost many couples more than $2,000 in higher 2013 taxes.
As President Barack Obama prepares to cut his Hawaii vacation short and return to Washington, a new poll indicates only half of Americans believe he and Congress will strike a deal.