Washington (CNN) - Sometime in the next 10 days, a fiscal cliff agreement is likely.
It almost certainly won't be the grand bargain sought by President Barack Obama and House Speaker John Boehner that addresses the nation's chronic federal deficits and debt.FULL STORY
Washington (CNN) – A year ago, President Barack Obama was under fire. Today, he is being feted.
In just 12 months, the 51-year-old lawyer and former U.S. senator raised by a single mother went from a beleaguered candidate for re-election - his record and signature health care law under daily attack by Republican rivals - to being the first Democrat to win more than 50% of a presidential vote twice since Franklin D. Roosevelt.FULL STORY
Washington (CNN) - After progress earlier this week in fiscal cliff negotiations, President Barack Obama and House Speaker John Boehner firmly butted heads Wednesday to set up a showdown in the final days left to reach an agreement.
The incremental negotiations had focused on a roughly $2 trillion package of new revenue, spending cuts and entitlement reforms the two sides have shaped into a broad deficit reduction plan.FULL STORY
Washington (CNN) – In the high-stakes poker of the fiscal cliff negotiations, House Speaker John Boehner is playing a game that could be called "Taxes Hold 'Em."
The chief Republican negotiator is navigating a perilous political path by agreeing to some kind of increase in tax rates for wealthy Americans - a fiscal sin in the eyes of conservatives - while pushing for more spending cuts and entitlement reforms desired by his party's base.FULL STORY
Washington (CNN) – In what now seems like a fairy tale scenario, Friday was supposed to conclude the 112th Congress, with members heading home for holiday cheer with their loved ones.
Many are leaving town, including House Speaker John Boehner, but they'll be back next week as the year-end deadline looms for the automatic tax hikes and spending cuts of the fiscal cliff that economists fear could bring a recession.FULL STORY
Washington (CNN) - Facing a looming deadline to avoid the fiscal cliff, President Barack Obama and House Speaker John Boehner met Thursday for their first face-to-face talk in four days.
Boehner arrived for the previously unscheduled meeting just after 5 p.m. ET, a few hours after claiming Obama had failed to offer a serious compromise to prevent the fiscal cliff's automatic tax hikes and spending cuts set to take effect in less than three weeks. He spent about 50 minutes in the White House, before returning to his office.FULL STORY
Washington (CNN) – They are losing the battle over higher taxes on the wealthy, so now Republicans are threatening a political war next year when it comes time to raise the nation's debt ceiling.
With cracks appearing in their anti-tax facade and polls showing most Americans favoring President Barack Obama's stance in fiscal cliff negotiations, GOP legislators are starting to advocate a tactical retreat to fight another day.FULL STORY
Washington (CNN) - In the Groundhog Day world of fiscal cliff posturing, with both sides repeating the same arguments over and over, what isn't said often tells more than the spoken word.
House Speaker John Boehner on Friday criticized President Barack Obama for the umpteenth time for not responding to the latest Republican proposal, saying White House inaction wasted time with the automatic tax hikes and spending cuts of the fiscal cliff looming.FULL STORY
Washington (CNN) - Both sides agree the wealthy will pay more, so now fiscal cliff talks come down to how much Republicans can wring out of the White House in return for giving in on taxes.
To President Barack Obama, it's all about first locking in additional revenue from raising taxes on high-income owners, an outcome the GOP has long rejected.FULL STORY