
Obama seeks scaled-down 'fiscal cliff' agreement
President Barack Obama has scaled back his ambitions for a sweeping budget bargain with Republicans. Instead, he's calling for a limited measure ...

'Fiscal cliff' leaves Boehner a wounded speaker
John Boehner is a bloodied House speaker following the startling setback that his own fractious Republican troops dealt him in their "fiscal cliff" ...

Don't be fooled by January pay _ higher taxes loom
Workers probably won't feel the full brunt of next year's tax increases in their January paychecks, but don't be fooled by the temporary reprieve.

Analysis: GOP policies led to fiscal cliff blowup
House Republicans seem shocked by their party's meltdown on the so-called fiscal cliff. They shouldn't be. The uncompromising conservatives who ...

Still time to dodge the cliff, Obama, Boehner say
With Congress in gridlock and stocks taking a fall, President Barack Obama issued a stern summons to lawmakers Friday to pass legislation to prevent ...

Obama says he is 'ready and willing' to get deal
President Barack Obama says he is "ready and willing" to get a big package done to deal with the "fiscal cliff" and says there's no reason not to ...

Stocks sink after Republicans cancel budget vote
Investors sent Washington a reminder Friday that Wall Street is a power player in talks to avoid the "fiscal cliff." Stocks fell sharply after House ...
Oil drops as US 'fiscal cliff' approaches
Oil prices fell as much as $2 a barrel Friday as doubts grew about whether political leaders in Washington could reach a deal on the budget before a ...

US budget negotiations setback drives stocks down
A failed attempt find a compromise in U.S. budget negotiations sent global stock markets plummeting Friday, as investors feared the world's largest ...

Cliff poses tiny dollar gap, wide political ravine
When it comes to resolving their "fiscal cliff" impasse, the dollar gap between President Barack Obama and House Speaker John Boehner is tiny in ...
Boehner on averting fiscal cliff: 'God only knows'
House Speaker John Boehner says he's still open to talks with President Barack Obama on avoiding the double economic hit of automatic tax hikes and ...

Futures tumble on stalemate in Washington
U.S. stock futures are moving sharply lower after GOP leaders unexpectedly postponed a vote on legislation that would raise taxes on wealthier ...

House GOP puts off vote on 'Plan B'
Confronted with a revolt among the rank and file, House Republicans abruptly scrapped a vote Thursday night on legislation allowing tax rates to rise ...
White House: Obama hopeful for bipartisan deal
The White House says President Barack Obama is willing to continue bargaining for a bipartisan solution to avert the "fiscal cliff" after House ...

Final Capitol tribute to late Hawaii Sen. Inouye
Sen. Daniel Inouye, the second-longest serving senator in U.S. history, was remembered Thursday as a man who gallantly defended his country on the ...

Biden: 'We have to take action' on gun control
The Obama administration will push to tighten gun laws in response to last week's schoolhouse massacre in Connecticut, Vice President Joe Biden said ...

AP poll: Mass shootings voted top 2012 news story
The horrific massacre of 26 children and staff at a Connecticut elementary school, along with other mass shootings, was the top news story of 2012, ...

A timeline for 'fiscal cliff' negotiations
Some key dates for negotiations involving the White House and congressional leaders to avert the year-end series of federal tax increases and spending ...
Boehner: Obama not standing up to Democrats
House Speaker John Boehner says President Barack Obama is not standing up to his fellow Democrats as the clock ticks down on the dispute over the ...
Americans seeking unemployment aid rises by 17,000
The number of Americans applying for unemployment benefits rose last week by 17,000, reversing four weeks of declines. But the number of people ...

Boehner plan ends tax cuts for rich, poor
Taxpayers making more than $1 million would get hit with tax increases averaging $100,000 next year under House Speaker John Boehner's alternative tax ...

Obama, Boehner clash as cliff edge approaches
Fiscal cliff talks at a partisan standoff, President Barack Obama and House Speaker John Boehner swapped barbed political charges on Wednesday yet ...
Comparison of 'fiscal cliff' plans
There are several competing plans to avoid the "fiscal cliff," a one-two combination of tax increases and automatic spending cuts. The GOP-controlled ...