At midnight, not only did the ball drop in Times Square, ushering in a New Year, but Congress dropped the ball on delivering the country meaningful deficit reduction.
Instead of paying four percent on the first $110 thousand dollars earned, workers will pay six percent.
If Congress manages to pass a feeble, last minute, deal on taxes it will be a deal that is long overdue. All of this could have been avoided.
The state of Illinois’ chief investor says if the President and Congress can’t reach a compromise, that means less money in workers’ paychecks.
Illinois Comptroller Judy Baar Topinka says the state will face devastating consequences if the federal government goes over the fiscal cliff.
CBS 2′s Walter Jacobson sounds off on lawmakers and their inability to help keep schools running.
More than a month after the election, things continue to get worse for the GOP brand. The lead Republican spokesperson during the fiscal cliff negotiations, House Speaker John Boehner, has a 34 percent approval rating. President Obama has a 54 percent approval rating.
The president would do much better by staying in Washington, D.C. where the action is rather than taking a road tour-styled trip to talk to the American people. In D.C., he actually would be talking to the people who are going to make the decision with him.
Republicans built a trap for themselves, having for years passed bills with highly unpopular cuts and little public notice. Now Republicans will take the blame if we go over the fiscal cliff.
Joe Walsh hosted his final Town Hall meeting in front of a supportive crowd of 200 in Wauconda.
Outgoing suburban Congresswoman Judy Biggert said she’s very concerned that efforts to avoid the so-called “fiscal cliff” of mandated tax hikes and program cuts are falling prey to partisan bickering.
About 300 spirited demonstrators lined up at a makeshift soup kitchen and shanty town set up in Federal Plaza on Thursday, to protest the possibility of cuts to Social Security, Medicare and Medicaid as Congress looks to avoid the so-called “fiscal cliff.”
With one month to go before we reach the fiscal cliff, Republicans are going to have to figure out how to do something serious for a change instead of grandstanding and avoiding specifics.
Speaker John Boehner believes he holds a strong hand in fiscal cliff and debt limit talks. He is, once again, taking the global economy hostage and playing politics with the U.S. debt limit.
Obama is hoping to promote the discussion of the Bush tax cut extensions by getting people hooked on the topic and by getting them to use the #My2K hashtag on Twitter.
Most Americans who traveled during this Thanksgiving holiday came face to face with an American reality: while there is much to be thankful for, our infrastructure is not one of those things.
The Buck Starts Here wishes a happy Thanksgiving to our readers. For progressives there is much to be thankful for this year.
Grover is the ultimate in single interest constituencies in Washington. He is not accountable to anybody. He does not disclose who funds him, who pays him to do what he does or how much he is paid to blackmail GOP Members of Congress to sign his pledge not to raise taxes.
Congress isn’t the only government body facing a “financial cliff.” Illinois lawmakers also are being warned about the state’s dire financial situation, which could get even worse if the federal government has to slash funding to the states.
Obama’s press conference confirmed the fear that many Americans have. It’s the fear that Americans are apparently in for more of the same in terms of having a non-compromising and less-than-totally-transparent politician in the Oval Office.