San Juan, Puerto Rico (CNN) – After more than 800,000 Puerto Rican voters said they want the island to become the 51st U.S. state, the White House is calling on lawmakers to take action.
"Congress should now study the results closely, and provide the people of Puerto Rico with a clear path forward that lays out the means by which Puerto Ricans themselves can determine their own status," White House spokesman Jay Carney told reporters this week.FULL STORY
New York (CNNMoney) – The longer Congress waits to avoid the fiscal cliff, the more complicated it will be for businesses to figure out how much to pay workers early next year.
The confusion poses the biggest threat to the nation's 27 million small businesses, because the vast majority do their own payroll. That means they'll have to understand what Congress decides and calculate the changes fast.FULL STORY
Washington (CNN) – With the leaders in Washington locked in a fiscal cliff standoff, President Barack Obama will visit a “middle class” home in Northern Virginia on Thursday to promote his proposal in the negotiations, according to the White House.
A member of this particular family, the White House said, engaged in the administration’s #My2K Twitter campaign over the last week that encouraged Americans to ask questions of the president and share how the money saved by extending the Bush-era tax cuts for 98% of Americans would impact their lives.FULL STORY
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CNN: Geithner: White House 'absolutely' ready to go over 'fiscal cliff'
Treasury Secretary Timothy Geithner said Wednesday the Obama White House is prepared for the tax increases and spending cuts ahead in the new year should the negotiations with congressional Republicans not move from the current stalemate.
CNN: Obama, Boehner speak, but no action on 'fiscal cliff'
The wealthy will account for more tax revenue, House Speaker John Boehner said Wednesday, while challenging President Barack Obama to sit down with him to hammer out a deal for avoiding the fiscal cliff.