Fiscal Cliff

News and updates about Fiscal Cliff

Obama warned Republicans against playing a "dangerous game" with the economy in the newest battle over the national debt ceiling.

World markets soared after a tense New Year break, relieved after US lawmakers agreed a last-minute deal to avert massive tax hikes.

Congress finally climbed back on the fiscal cliff after falling off, but it may not be the last time the US visits the virtual precipice.

Republicans angry that fiscal cliff deal raises taxes on the rich but does nothing to cut social programs that swell the deficit.

A deal to patch up the US's fiscal crisis will be taken up by lawmakers in the Republican-controlled House after passing in the Senate.

The White House and top Republicans have struck a deal to avert huge New Year tax hikes and spending cuts known as the "fiscal cliff".

U.S. lawmakers miss their deadline to avoid the fiscal cliff come close a deal to ease the worst impact of the crisis.

There are still issues left to resolve, but we're hopeful that Congress can get it done," Obama said hours before the deadline.

Senate Republican minority leader Mitch McConnell warns that solution to avoid "fiscal cliff" is still far from being reached.

The US President blamed the fiscal cliff crisis on the Republicans for their refusal to raise taxes on the rich.

Despite weeks of negotiations, Obama has yet to reach a budget deal with congressional Republicans to slash the deficit.

With just over a week to go before automatic and massive spending cuts and tax increases are due to kick in, lawmakers can't reach agreement

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