NEWS ABOUT: fiscal cliff

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Congress: We're Not Avoiding Cliff Cuts

Democrats considering putting them off again, but many skeptical deal will emerge

(Newser) - Washington is bracing itself for a sweeping, painful set of across-the-board spending cuts, because lawmakers doubt they'll be able to come up with a deal to avert them, the Washington Post reports. While proposals are in the works to avert what's known as sequester, party leaders don't... More »

Washington's Next Brawl: Senate's Budget Plan

Schumer: A 'great opportunity' for new revenues

(Newser) - So the fiscal cliff battle is over, and House Republicans look ready to approve a debt-ceiling increase through March. But taxes aren't out of the spotlight: Now, the stage is set for a tussle over Senate Democrats' budget blueprint, which Dems like Charles Schumer are calling "a great... More »

New Conservative Attack Ad Hits ... Mitch McConnell

Because he worked with Joe Biden on fiscal cliff deal

(Newser) - Let the payback begin. Conservative group ForAmerica has turned its sights on one of its own with a new web ad that calls out Mitch McConnell for his willingness to work with Democrats on the fiscal cliff deal, reports Politico . "Whose side are you on?" the ad asks above... More »

Boehner: Why I Threw F-Bomb at Harry Reid

More WSJ goodies: 'I need this job like I need a hole in head'

(Newser) - John Boehner didn't seem to hold much back during his hour-long interview with Stephen Moore for the Wall Street Journal , which took place just after Boehner was re-elected House speaker . "I need this job like I need a hole in the head," the chain-smoking congressman says at... More »

Cliff Deal Could Be 'Pyrrhic Victory' for Left

Krugman: Obama can't back down in the battles ahead

(Newser) - Democrats arguably won a "tactical victory" with the zero-hour fiscal cliff tax compromise, Paul Krugman writes in the New York Times . The deal, after all, reduced income inequality, extended unemployment and some other progressive policies, and, best of all, didn't cut entitlements, which "was by no means... More »

Barney Frank on Senate: 'Coach, Put Me In!'

Former congressman admits he'd like John Kerry's seat

(Newser) - Barney Frank wants to temporarily fill John Kerry's probably-soon-to-be-empty Senate seat, and he's not making a secret of it. "I'm not going to be coy. It's not something I've ever been good at. I've told the governor that I would now like, frankly,... More »

Next for Obama: Immigration Reform

Plus: Executive order aims to limit family separations

(Newser) - Despite continued hand-wringing over fiscal policy, President Obama remains on schedule to push for immigration reform this month, an insider tells the Huffington Post . The effort will likely be led by Democratic Rep. Zoe Lofgren, who warns that "in the end, immigration reform is going to depend very much... More »

The Nitty-Gritty of Tax Deal

For many households, tax bill going up $1.6K

(Newser) - We narrowly avoided plunging over the fiscal cliff, but don't pop any champagne bottles yet. Though analysts generally agree that what we got is better than no deal, the plan we got is full of holes. Here's a rundown of what the deal does and does not do:... More »

Congress Votes Down Pay Hike for Itself

Obama's executive order draws fire

(Newser) - It seems lawmakers on both sides of the aisle can agree on one thing: They don't deserve a raise. The Senate's fiscal cliff bill contains a single sentence provision that will stop Congress from getting a scheduled cost-of-living salary bump, Roll Call reports. President Obama had issued an... More »

Inside the Cliff Deal: Mistrust, Proposals on Fire, F-Bombs

Negotiations were even more prickly behind the scenes

(Newser) - If you thought fiscal cliff negotiations were testy when Harry Reid took to the Senate floor to accuse John Boehner of running a dictatorship , well, the reality was closer to a hybrid of rioting kindergartners and the showdown at the OK Corral. The lowlight came last Friday, reports Politico in... More »

On Fiscal Cliff Vote, House GOP Leaders Split

Boehner, Paul Ryan voted aye, as Cantor, McCarthy rejected deal

(Newser) - The bill to avoid the fiscal cliff ended up clearing the House with more than enough Republican votes, but the vote split GOP leaders. Speaker John Boehner cast his "yes" as soon as voting began, but House Majority Leader Eric Cantor, Majority Whip Kevin McCarthy, and Chief Deputy Whip... More »

Obama Praises Cliff Deal, Resumes Hawaii Vacation

He thanks Biden, congressional leaders

(Newser) - President Obama flew off to resume his family vacation in Hawaii minutes after delivering remarks praising the House and Senate for passing the fiscal cliff deal , the New York Times reports. In his remarks, Obama praised the work of congressional leaders and his "extraordinary Vice President Joe Biden" and... More »

Fiscal Cliff Averted: House Passes Late-Night Bill

Obama says it's just 'one step' toward stronger economy

(Newser) - A weary Congress sent President Obama legislation to avoid the "fiscal cliff" of middle-class tax increases and across-the-board spending cuts late tonight, hours before financial markets reopen after the New Year's holiday. The bill's passage on a 257-167 vote in the House sealed a hard-won political triumph... More »

Cantor Doesn't Support Cliff Deal

Still no decision on House vote

(Newser) - There's quite a bit of pressure on the House to pass the Senate's fiscal cliff deal today, but Eric Cantor may have just thrown a big wrench into the proceedings: The House Majority Leader revealed in a closed-door meeting of House Republicans today that he doesn't support... More »

Cliff Deal Proves the Era of Grand Bargains Is Over

The 'Big Deal' is dead: Jennifer Steinhauer

(Newser) - If the fiscal cliff deal passed by the Senate this morning makes one thing clear, it's this: "The era of the Big Deal is over," writes Jennifer Steinhauer in the New York Times . President Obama and John Boehner met numerous times, and so did other bipartisan groups,... More »

US Waits for House Action on Fiscal Cliff Deal

Meetings began this afternoon

(Newser) - The nation—or at least, those of us in the nation not suffering from a major New Year's hangover —is waiting with bated breath to see what the House will do now that the Senate has passed a fiscal cliff deal . House Democrats met with Joe Biden starting... More »

8 Senators Rejected Cliff Deal

3 Democrats, 5 Republicans said no to bipartisan plan

(Newser) - A deal to neutralize the fiscal cliff cruised through the Senate 89-8 in a late-night session and is headed for the House, whose session today begins at noon . The deal contains the first federal income tax hike in nearly 20 years, but the eight refuseniks weren't all Republicans, the... More »

Watch Out: More Fiscal Cliffs Ahead

If the House passes the Senate's bill, it's not all smooth sailing ahead

(Newser) - If you think you'll be done hearing about the fiscal cliff or anything like it should the House pass the Senate's cliff deal , CNNMoney has bad news for you: "three more cliff-like deadlines" loom in the first quarter. That's because the bill doesn't touch the... More »

Senate Passes Cliff Deal

Plan sails through 89-8; House vote comes later

(Newser) - The Senate passed legislation early New Year's Day to neutralize a fiscal cliff combination of across-the-board tax increases and spending cuts that kicked in at midnight. The vote two hours after the deadline was a lopsided 89-8 in favor. Senate passage set the stage for a final showdown in... More »

We Have a Tentative Deal: Details

An initial look at the pact struck between McConnell and the White House

(Newser) - The White House and Mitch McConnell have reached a tentative deal tonight, though the New York Times reports that the House won't vote on the measure tonight in time to avoid the fiscal cliff. The measure would raise taxes by about $600 billion over 10 years and delay for... More »

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