fiscal cliff

(Newser) - Congress is back in Washington for a brief pre-election session, and you know what that means: dithering, finger-pointing, and inaction! Despite the so-called "fiscal cliff" looming in January, Congress intends to do as little as possible this session, most likely voting only on a six-month stopgap budget that will...

(Newser) - Don't expect a gentle fall if the US goes over the so-called "fiscal cliff." The Congressional Budget Office has concluded in a report today that if Congress doesn't do something about the impending round of tax hikes and spending cuts, US growth will plunge back into...

(Newser) - Congressional leaders have launched more partisan back-and-forth on the way to the edge of the fiscal cliff. The House, voting largely along party lines, has approved a one-year extension of all the Bush tax cuts due to expire in January, reports the New York Times . The plan passed 256-171, with...

(Newser) - If you care about the economy, you'd better vote for Mitt Romney. Not because of his supposed private sector experience—his policies are indistinguishable from career politician Paul Ryan's—but "because if Romney is elected, Republicans won't choose to crash the economy," writes Ezra Klein...