Highlights
A collection of news and information related to Fiscal Cliff published by this site and its partners.
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Federal deficit shrinks at surprising rate
WASHINGTON — The federal deficit is shrinking more quickly than expected, and the government's long-term debt has largely stabilized for the next decade, the Congressional Budget Office said Tuesday in a report that could strengthen the Obama...
Tags: Dave Camp, Barack Obama, Loans, U.S. Congress, Gross Domestic Product
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Boehner: Bondholders should be paid first if debt limit breached
WASHINGTON -- House Speaker John A. Boehner said holders of U.S. government bonds should be paid first if the nation's debt limit is breached, even if that means that China would get preference over the salaries of U.S. troops. Boehner (R-Ohio) defended...
Tags: White House, Barack Obama, Republican Party, U.S. Department of the Treasury, U.S. Congress
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Stock spotlight: Mattel toys with ways to sell more products
Barbie is vacating her pink Malibu mansion and hunting for international digs. Thomas the Tank Engine is being revamped as an even livelier locomotive. Max Steel, the new kid on the block, is marketed as a "modern day tech superhero." The toy brands,...
Tags: Computer Hardware, Toys, Entertainment, Consumers, Economic Indicator
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Consumer spending and personal income climb in March
WASHINGTON -- Consumers spent more in March even as their income rose less than analysts had projected, a mixed economic message to start a week that will end with the latest government unemployment report. Consumer spending was up 0.2% last month, down...
Tags: Personal Income
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U.S. might not hit debt limit until October, new study says
WASHINGTON -- The U.S. might not hit its debt limit until October because of improved economic growth and higher tax revenue this year, according to a new estimate released Friday. The projection by the Bipartisan Policy Center would give Congress and...
Tags: U.S. Department of the Treasury, U.S. Congress, Budget Control Act of 2011, U.S. Senate, Politics
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IMF lowers global growth forecast, warns of risks to economic recovery
WASHINGTON -- The International Monetary Fund on Tuesday lowered its forecast for global economic growth this year from projections made three months ago, and warned policymakers that they could not relax their efforts as risks to the recovery remain....
Tags: Weather Reports, Weather, International Monetary Fund, Politics, International Organizations
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Jobs report paints a dreary picture
Poor job growth and a large exodus of unemployed workers last month stifled weeks of upbeat economic data and marked a sobering reality check, signaling that hiring was likely to remain weak in the coming months. Employers added a paltry 88,000 net...
Tags: Employment Opportunities, U.S. Postal Service, Quarterly or Semiannual Financial Statements, Economic Indicator, Unemployment
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No debt agreement, no break
With no deal in sight to curb our growing national debt, America is going broke. So what do our representatives in Congress plan to do about it? Take a two-week break. Are they trying to see whether their abysmal 13% approval rating can sink any lower?...
Tags: Barack Obama, Patty Murray, Budget Control Act of 2011, U.S. Congress, Public Finance
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Top CEOs more optimistic on economy but don't plan more hiring
WASHINGTON -- Despite higher taxes and looming federal budget cuts, top U.S. chief executives were more optimistic about the economy in the first three months of this year than they were at the end of 2012. The CEOs surveyed by the Business Roundtable...
Tags: Productivity, Boeing Co., Corporate Officers, Investments
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How to close our National Schmoozing Deficit
In my Wednesday column, I wrote that President Obama and most leading members of Congress know what a solution to the fiscal crisis looks like; they just can’t get there from here because they don’t trust one another much. Obama is trying to...
Tags: Mitch McConnell, Barack Obama, Republican Party, Joe Biden, Aspen Institute
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S&P 500 sets all-time closing high [video chat]
NEW YORK -- The broad Standard & Poor's 500 index broke a half-decade-old record, another sign of stocks' continuing rally this year. The S&P 500 added 6.34 points, or 0.41%, to 1,569.19 Thursday, the last trading day of the first quarter. The S&P 500...
Tags: Stock Market, Federal Reserve, Credit Ratings, European Debt Crisis, Finance
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IRS will pay whistle-blowers less because of federal budget cuts
WASHINGTON -- The federal government's automatic budget cuts mean there will be less financial incentive to turn in tax cheats. In a notice on its website, the Internal Revenue Service said it would pay 8.7% less to informants who blow the whistle on...
Tags: U.S. Senate Committee on Appropriations, Chuck Grassley, Internal Revenue Service, Barbara A. Mikulski, Taxation
May 14, 2013
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May 8, 2013
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Apr 29, 2013
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Apr 29, 2013
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Apr 26, 2013
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Apr 16, 2013
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Apr 6, 2013
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Mar 25, 2013
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Mar 13, 2013
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Mar 6, 2013
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Mar 28, 2013
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Mar 5, 2013
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