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Fiscal Cliff

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    Feb 5, 2013 |Story| Los Angeles Times

  1. Federal deficit hits 5-year low, but cuts drag economy

    WASHINGTON -- The federal deficit will drop to less than $1 trillion for the first time in five years, but massive spending cuts that have improved the budget outlook are also slowing the economy, according to a report released Tuesday by the Congressional Budget office.
    WASHINGTON -- The federal deficit will drop to less than $1 trillion for the first time in five years, but massive spending cuts that have improved the budget outlook are also slowing the economy, according to a report released Tuesday by the...

    Tags: Barack Obama, Politics, U.S. Congress, Public Finance, Economic Indicator

    2. Feb 5, 2013 |Story| Los Angeles Times

  2. Obama wants short-term alternative to sequestration cuts

    WASHINGTON -- Seeking to avoid steep spending cuts scheduled to begin March 1, President Obama will call on Congress on Tuesday to devise an alternative package of reductions and new tax revenue that could postpone the deeper cuts for a few months.
    WASHINGTON -- Seeking to avoid steep spending cuts scheduled to begin March 1, President Obama will call on Congress on Tuesday to devise an alternative package of reductions and new tax revenue that could postpone the deeper cuts for a few months....

    Tags: Barack Obama, Republican Party, John Boehner, Head Start, Petroleum Industry

    3. Jan 2, 2013 |Story| Los Angeles Times

  3. White House eases path to residency for some illegal immigrants

    <span class="runtimeTopic">WASHINGTON</span> &mdash; The Obama administration eased the way Wednesday for illegal immigrants who are immediate relatives of American citizens to apply for permanent residency, a change that could affect as many as 1 million of the estimated 11 million immigrants unlawfully in the U.S.
    WASHINGTON — The Obama administration eased the way Wednesday for illegal immigrants who are immediate relatives of American citizens to apply for permanent residency, a change that could affect as many as 1 million of the estimated 11 million...

    Tags: Politics, U.S. Congress, Crime, Law and Justice, U.S. Department of Homeland Security, Career and Workplace

    4. Feb 1, 2013 |Story| Los Angeles Times

  4. U.S. auto sales resilient in January

    The national economy remains sluggish &mdash; but don't tell the auto industry.
    The national economy remains sluggish — but don't tell the auto industry. Auto sales showed surprising strength in January, with all three domestic manufacturers — General Motors Co., Ford Motor Co. and Chrysler Group — reporting...

    Tags: Toyota Motor Corp., Automotive Equipment, Manufacturing and Engineering, Consumer Confidence, Economic Indicator

    5. Feb 3, 2013 |Story| Los Angeles Times

  5. The birth of the income tax

    This month marks the 100th anniversary of the ratification of the 16th Amendment, which gave Congress the power to tax American incomes. Unlike the contentious congressional drama in passing the American Taxpayer Relief Act to avert going over the "fiscal cliff," the 16th Amendment was accorded little emotion when it received a thumbs-up from both houses in 1909.
    This month marks the 100th anniversary of the ratification of the 16th Amendment, which gave Congress the power to tax American incomes. Unlike the contentious congressional drama in passing the American Taxpayer Relief Act to avert going over the "fiscal...

    Tags: Personal Income, Politics, William Howard Taft, U.S. Congress, Woodrow Wilson

    6. Jan 31, 2013 |Story| Los Angeles Times

  6. UPS earnings fall shy of analysts' expectations; weak '13 forecast

    Fourth-quarter earnings for shipping giant UPS fell short of analysts' expectations as holiday consumer spending was weaker than anticipated, the company reported Thursday.
    Fourth-quarter earnings for shipping giant UPS fell short of analysts' expectations as holiday consumer spending was weaker than anticipated, the company reported Thursday. United Parcel Service Inc. reported a net loss of $1.75 million for the fourth...

    Tags: Earnings, Companies and Corporations, TNT (tv network), Economic Indicator, Globalization

    7. Jan 31, 2013 |Story| Los Angeles Times

  7. Playing with fiscal fire

    Federal statisticians issued unexpectedly bad news Wednesday, saying the economy contracted in the last three months of 2012 &mdash; the first downturn since the recovery began in mid-2009. The sour numbers weren't as bad as they seemed at first, yet they still sent a clear signal that the economy is too fragile to withstand a sudden shift to fiscal austerity. Unfortunately, Congress doesn't seem to be getting the message.
    Federal statisticians issued unexpectedly bad news Wednesday, saying the economy contracted in the last three months of 2012 — the first downturn since the recovery began in mid-2009. The sour numbers weren't as bad as they seemed at first, yet they...

    Tags: Republican Party, Politics, U.S. Congress, Economic Indicator, Gross Domestic Product

    8. Jan 30, 2013 |Story| Los Angeles Times

  8. Federal Reserve holds steady on interest rates and stimulus effort

    WASHINGTON -- With economic growth slowing in recent months, the Federal Reserve said Wednesday it would keep short-term interest rates near zero and continue its latest bond-buying stimulus program.
    WASHINGTON -- With economic growth slowing in recent months, the Federal Reserve said Wednesday it would keep short-term interest rates near zero and continue its latest bond-buying stimulus program. Following a two-day meeting, Fed policymakers said...

    Tags: Employment, Money and Monetary Policy, Career and Workplace, Federal Reserve, Finance

    9. Jan 30, 2013 |Story| Los Angeles Times

  9. Economy unexpectedly contracts in fourth quarter

    WASHINGTON -- The U.S. economy shrank at a 0.1% annualized rate in the last three months of 2012 amid fears about the fiscal cliff, the Commerce Department reported Wednesday.
    WASHINGTON -- The U.S. economy shrank at a 0.1% annualized rate in the last three months of 2012 amid fears about the fiscal cliff, the Commerce Department reported Wednesday. It was the first time economic growth contracted since the end of the Great...

    Tags: Business, Inventories, Productivity

    10. Jan 27, 2013 |Column| Los Angeles Times

  10. McManus: The GOP's tactical retreat

    A well-organized retreat is said to be one of the most difficult military maneuvers: You're under enemy fire, your troops are likely to be demoralized, and you've got to avoid a rout.
    A well-organized retreat is said to be one of the most difficult military maneuvers: You're under enemy fire, your troops are likely to be demoralized, and you've got to avoid a rout. That why House Republicans' orderly withdrawal last week from an...

    Tags: Republican Party, Barack Obama, Bobby Jindal, Polls, John Boehner

    11. Jan 23, 2013 |Story| Los Angeles Times

  11. House approves short-term suspension of debt ceiling

    WASHINGTON &ndash; House Republicans approved a temporary suspension of the $16.4-trillion ceiling on the nation&rsquo;s debt Wednesday, allowing the federal government to continue borrowing through spring while Washington shifts to more ambitious budget battles.
    WASHINGTON – House Republicans approved a temporary suspension of the $16.4-trillion ceiling on the nation’s debt Wednesday, allowing the federal government to continue borrowing through spring while Washington shifts to more ambitious...

    Tags: Barack Obama, Republican Party, U.S. Department of the Treasury, Mitch McConnell, John Boehner

    12. Jan 22, 2013 |Column| Los Angeles Times

  12. McManus: Obama's call to arms

    On the eve of Inauguration Day, White House political strategist David Plouffe promised that President Obama's inaugural address would include a call for bipartisan cooperation.
    On the eve of Inauguration Day, White House political strategist David Plouffe promised that President Obama's inaugural address would include a call for bipartisan cooperation. "He is going to say that our political system does not require us to...

    Tags: Republican Party, Barack Obama, Health Insurance Cost, Gun Control, Paul Ryan

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Fiscal Cliff Photos
Brian OliverSmith, chief executive of Urban Planet Mobi...
(March 12, 2013)
North Carolina small business owner
The Commerce Department's Bureau of Economic Analysis r...
(January 30, 2013)
John Boehner (R-Ohio) and Eric Cantor (R-Va.)
A hard-fought 'fiscal cliff' deal was finally reached o...
(January 22, 2013)
Fiscal cliff deal
 » All 58 Fiscal Cliff photos