Fiscal Cliff

11:10am

Mon December 31, 2012
The Two-Way

Deal To Avert 'Fiscal Cliff' Appears Likely

Originally published on Tue June 4, 2013 8:01 am

The Capitol is illuminated in Washington, where the House and Senate remain in session. The two chambers will miss a deadline to avoid the "fiscal cliff" tonight, as 2013 begins.
Drew Angerer Getty Images
  • NPR's coverage of President Obama's comments on the "fiscal cliff" talks

Update at 9:45 p.m. Deal Reached

Vice President Joe Biden was meeting late Monday with Senate Democrats to brief them on a proposed deal to stop sharp tax increases and spending cuts. A source told NPR the deal with congressional Democratic and Republican leaders includes a mix of both.

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5:19am

Mon December 31, 2012
The Two-Way

Year Ends As It Began, With Lawmakers Headed Toward The 'Fiscal Cliff'

Originally published on Mon December 31, 2012 12:05 pm

The U.S. Capitol. Will lawmakers avoid the "fiscal cliff" or go over?
Larry Downing Reuters /Landov
  • From 'Morning Edition': Scott Horsley reports
  • From 'Morning Edition': David Welna reports

(Scroll down for updates.)

Well, here we are. It's New Year's Eve and with just hours to go before the end of the year and the arrival of the so-called fiscal cliff, Democrats and Republicans in Washington are still trying to strike a deal that heads off automatic increases in taxes, automatic deep spending cuts in a variety of programs and the automatic expiration of some jobless benefits.

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1:33am

Mon December 31, 2012
Politics

After Fruitless Weekend, Congress Still Seeks Fiscal Deal

Originally published on Mon December 31, 2012 3:46 am

Senate Minority Leader Mitch McConnell, R-KY, leaves the Senate chamber to caucus in the Capitol on Sunday.
Molly Riley AFP/Getty Images

It is almost unimaginable that both the House and Senate would be in session on a Sunday evening on the penultimate day of the year. And yet, they both were, with lawmakers hoping it was not merely a big waste of time and effort.

A bipartisan push by Senate leaders over the weekend has so far failed to forge a deal to spare American wage earners from tax hikes and shield government programs from drastic cutbacks.

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1:32am

Mon December 31, 2012
Planet Money

The Fiscal Cliff: A Love Story

Originally published on Mon December 31, 2012 3:46 am

America, if you're scared by all the talk you've been hearing about the fiscal cliff, take heart: There are reasons for people across the political spectrum to love the cliff.

There's a lot for liberals to like in the fiscal cliff, says Matthew Yglesias, who writes wonky articles about economics for Slate.

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3:00pm

Sun December 30, 2012
Politics

'Fiscal Cliff' Talks Temporarily Stall

Originally published on Sun December 30, 2012 3:55 pm

Transcript

JACKI LYDEN, HOST:

This is WEEKENDS on ALL THINGS CONSIDERED from NPR News. I'm Jacki Lyden.

Time is quickly running out for Congress to strike a deal blocking automatic tax hikes and spending cuts that kick in within the New Year. Despite the presence of Vice President Joe Biden at the White House and a flurry of proposals passed back and forth today between Senate Republicans and Democrats, things seem to have reached an impasse this afternoon. Senate Majority Leader Harry Reid has said that nothing will happen this evening.

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