Washington (CNN) - Republican disarray over taxes forced House Speaker John Boehner to drop his alternative proposal to a fiscal cliff deal, leaving the negotiations in limbo Friday - 11 days before automatic tax increases on everyone.
Boehner said at a news conference Friday morning that his Republican colleagues refused to back his plan because of what he called unfounded fears of being blamed for a tax increase.FULL STORY
(CNN) - Former White House Chief of Staff Bill Daley, a Democrat, is considering a run for the Illinois governorship in 2014, potentially challenging Democratic Gov. Pat Quinn.
"I am thinking about it seriously. We are a ways off," Daley told a crowd at a City Club of Chicago event Thursday, according to the Chicago Sun-Times.
New York (CNNMoney) - It's not the end of the world - literally or for the fiscal cliff talks - but the latest signs of gridlock on Washington have struck fear into investors.
Lawmakers in the House failed to support the so-called "Plan B", a proposal backed by House Speaker John Boehner, late Thursday. The White House had already threatened to veto that plan, saying it would bring only "minimal" changes in projected budget deficits, but its failure underscored the lack of progress on Capitol Hill as the cliff draws nearer.FULL STORY
(CNN) - With the so-called fiscal cliff looming and the U.S. economy limping back to life, an overwhelming majority of Americans rate today's economic conditions as poor and are split on where the economy will be four years from now, according to a new survey.
The CNN Washington Bureau’s morning speed read of the top stories making news from around the country and the world. Click on the headlines for more.
CNN: Nationwide, a moment of silence for Connecticut school shooting victims
Governors around the country have called for a moment of silence Friday morning in memory of the 20 students and 7 adults killed December 14 in Newtown, Connecticut, by a gunman who also took his own life. President Barack Obama will hold a moment of silence himself, the White House said.
CNN: Boehner's Plan B fiscal cliff bill pulled amid dissension in GOP caucus
House Speaker John Boehner's proposal to avert the looming fiscal cliff's automatic tax increases failed to curry enough Republican support Thursday night, after which Congress left for the holiday with no clear end in sight in the high-stakes debate.