Fiscal Cliff

1:48pm

Sun December 30, 2012
It's All Politics

Fiscal Cliff Debate: Why The (Very) Few Rule The Many In Congress

Originally published on Sun December 30, 2012 4:15 pm

In the final hours of the latest budget crisis in Washington, several salient facts are increasingly clear.

First, the leaders of the two parties in the Senate might still put together a negotiated deal that would avert the combination of tax increases and spending cuts known as the fiscal cliff. The leaders would start with President Obama's top priorities, modify them to accommodate Republican preferences, throw in some measures that are GOP priorities and take the package to the floor.

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1:10pm

Sun December 30, 2012
It's All Politics

McConnell Appeals To Biden To Break Through Fiscal Cliff Logjam

Originally published on Sun December 30, 2012 5:36 pm

Senate Majority Leader Harry Reid, D-Nev., walks to a closed-door meeting with fellow Democrats at the Capitol on Sunday.
J. Scott Applewhite AP

Senate negotiators failed to reach a deal Sunday on averting the "fiscal cliff," with the chamber adjourning for the night and only one day remaining before a package of spending cuts and tax increases automatically kicks in.

Majority Leader Harry Reid said the Senate will go back in session at 11 a.m. ET Monday. It's at least theoretically possible that negotiators might reach a deal and the Senate will have a package to vote on when it reconvenes Monday, meaning the measure could go to the House — where it may or may not come to the floor for a vote.

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8:58am

Sun December 30, 2012
It's All Politics

Obama 'Modestly Optimistic' On Cliff Deal; 'He Won,' Says Graham

Originally published on Sun December 30, 2012 10:48 am

President Obama returned early from his holiday in Hawaii on Thursday for discussions on the "fiscal cliff."
Charles Dharapak AP

President Obama went on the air to levy pressure on Congress Sunday as Senate leaders worked to negotiate a deal to avert the tax hikes and spending cuts known as the "fiscal cliff."

"I was modestly optimistic yesterday, but we don't yet see an agreement," Obama said in an interview with NBC's Meet the Press taped on Saturday. "Now the pressure's on Congress to produce."

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4:42am

Sun December 30, 2012
Business

Counting Down The Final Hours Of Fiscal Cliff Talks

Originally published on Sun December 30, 2012 10:45 am

Weekend Edition Sunday guest host Linda Wertheimer speaks with Joshua Green, senior national correspondent for Bloomberg Businessweek, about the latest in the last-minute push to resolve the debt crisis.

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3:21am

Sat December 29, 2012
It's All Politics

Obama: 'The American People Are Watching What We Do Here'

Originally published on Sat December 29, 2012 3:38 pm

"I'm optimistic we may still be able to reach an agreement that can pass both houses in time," the president said after meeting with congressional leaders at the White House on Friday.
Evan Vucci AP

We have reached the last weekend of the year, and Washington still has not reached a deal to avert the big tax hikes and spending cuts known as the fiscal cliff.

President Obama met with top congressional leaders at the White House on Friday afternoon: John Boehner and Nancy Pelosi from the House, and Harry Reid and Mitch McConnell from the Senate.

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