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Fiscal Cliff Negotiations

Fiscal Cliff Update: Better to Go Over Than Accept a Bad Deal

Jared Bernstein | Posted 03.01.2013 | Politics
Jared Bernstein

If Senators McConnell and Reid hammer out a budget deal that can pass their caucuses, Rep. Boehner is likely to take it up in the House. If it passes there, the president will presumably sign it before the ball drops in Times Square. We will have avoided going over the fiscal cliff, but at what cost?

Over the Cliff: Not a Happy New Year for Illinois' Environment

Jack Darin | Posted 12.29.2012 | Green
Jack Darin

Past the cliff comes what, the abyss? Wherever the metaphors and rhetoric are headed as the stalemate in Congress continues, here in the real world the stakes are high for our health and the quality of our land, air and water.

Compared to Canada, It's a Fiscal Dip, Not Cliff

Brian Lee Crowley | Posted 02.28.2013 | Politics
Brian Lee Crowley

The Canadians balanced their budget in just two years. In contrast, the United States -- starting with a deficit of 7.3 percent of GDP in 2012 -- will never balance its budget through 2022, even after the "cliff."

Fiscal Cliff: The Next Few Days

Jared Bernstein | Posted 02.28.2013 | Politics
Jared Bernstein

I can see a weedy, pot-hole-filled path to a deal before New Year's. Based on sketchy details I'm picking up in the air, McConnell and Reid are apparently huddling over a deal. If they come up with something acceptable to both of them, McConnell will allow it to come to an up-or-down vote.

Going Over the Cliff Is the Only Way to Save the Government

Jeffrey Sachs | Posted 02.28.2013 | Politics
Jeffrey Sachs

If the deal is reached, the Republicans have won: they have locked in a federal tax system that collects so little total federal revenue that government can afford almost nothing aside from the military, interest payments, retirement programs and health care.

This Political Polarization Is Really Bad for America

Mohamed A. El-Erian | Posted 02.27.2013 | Business
Mohamed A. El-Erian

As the year comes to an end, dysfunctional Congressional politics continues to dominate the headlines, and rightly so. If left to fester, the related inability of Congress to step up to economic responsibilities would risk being associated with more than just sluggish growth or persistently high unemployment. It would also undermine the ability of many citizens to realize the American dream.

Sam Stein

Fiscal Cliff Negotiations Continue | Sam Stein | Posted 12.29.2012 | Politics

WASHINGTON -- With just three days to go before tax rates rise for all Americans and 1 trillion dollars in spending cuts over the next decade are trig...

Boom Turns To Bust For Wind Industry

The Huffington Post | Lucia Graves | Posted 01.08.2013 | Business

Wind developers around the country are racing to get their wind farms tested and running before the federal wind production tax credit expires Tuesday...

Little Sign Of Progress In Latest Cliff Talks

Reuters | Posted 02.27.2013 | Politics

* Time running out for deal on taxes, spending * Obama says he's "modestly optimistic" * "Fiscal cliff" focus now on Sen...

House Republicans Must Choose Fiscal Responsibility Over Ideological Zealotry to Avert Fiscal Cliff

Brian Levin | Posted 02.27.2013 | Politics
Brian Levin

They are terrified of being on record as having voted to raise taxes and their behavior indicates that they would prefer higher taxes and cuts to be triggered by virtue of their inaction, even if it plunges the economy into another recession.

Too Many Baselines!

Jared Bernstein | Posted 02.27.2013 | Business
Jared Bernstein

In the budget debate, we are currently beset by so many different baselines -- different possible spending paths -- that it's almost impossible to make a meaningful comparison.

Cliff Hanger: Why Republicans Don't Care What the Nation Thinks

Robert Reich | Posted 02.27.2013 | Politics
Robert Reich

The combination of a weakened national party and more intense competition in primaries is making the Republican Party relatively impervious to national opinion. This poses a large strategic problem for the Democrats. It could be an even bigger problem for the nation.

A Melodrama of Our Own Making

Sean Carman | Posted 02.26.2013 | Politics
Sean Carman

OK, I'll grant that the steering and brakes have stopped working in Congress, but in no other sense are we approaching any kind of cliff, fiscal or otherwise. The fiscal crisis we are barreling toward is entirely of our own making.

Let the Republicans Leap Off the Fiscal Cliff and Just Say Goodbye: An Open Letter to President Obama

Alan Singer | Posted 02.26.2013 | Politics
Alan Singer

With tax policy, federal spending, social insurance, and the national debt ceiling being held hostage by radical right-wing Tea Party demands, it is time for what FDR called "bold, persistent experimentation" and executive action to solve the economic crisis facing the nation.

House Republicans Resigned To Seeing Tax Increases In Fiscal Deal

Reuters | Posted 02.26.2013 | Politics

* Fears that an absence of spending cuts could doom deal * House Republicans decide to return, but little else By Richar...

America's Values Cliff More Troubling Than the Fiscal Cliff

Stuart Muszynski | Posted 02.26.2013 | Business
Stuart Muszynski

Long before the financial meltdown of 2008, there was a values meltdown in the United States. Most people could sense this but by the time it caught up with us, it was too late.

Fiscal Cliff Looming, House Reportedly Weighs Strange Scheduling Move

AP/The Huffington Post | Posted 02.26.2013 | Politics

The House will be back in session Sunday evening as the "fiscal cliff" looms, threatening across-the-board tax increases and spending cuts with the ne...

The Sensible Center: The Challenge of an Intergenerational Compact

George Rupp | Posted 02.26.2013 | Politics
George Rupp

I call on all of us regardless of age to forge a compact that will undergird the United States in the decades ahead. It will require that we resist so focusing on the needs of seniors that we fail to invest in young people and therefore neglect our children and grandchildren.

After Divisive Election, Voters Support Balanced Approach To Budget Crisis

Robert P. Jones, Ph.D. | Posted 02.26.2013 | Religion
Robert P. Jones, Ph.D.

In the looming shadow of the so-called "fiscal cliff," there is at least some early indications that elected officials are listening.

Jennifer Bendery

Republican Leaders Wait For Action From Obama, Democrats On Fiscal Cliff | Jennifer Bendery | Posted 12.27.2012 | Politics

WASHINGTON -- For those holding out hope for a resolution to the so-called fiscal cliff, this was a lost Christmas. Little to no progress was made...

Fiscal Cliff Looms As Washington Prepares To Kick Can In Typical Fashion

Posted 02.25.2013 | Politics

By DAVID ESPO, The ASSOCIATED PRESS WASHINGTON -- When it comes to the nation's budget challenges, congressional leaders are fond of saying dismiss...

States Could See Major Windfall From Fiscal Cliff Dive

Reuters | Posted 02.25.2013 | Politics

* States could get $3 billion in estate taxes-study * 30 states would be affected By Nanette Byrnes Dec 2...

Starbucks' Urgent Message To Washington

Reuters | Posted 02.25.2013 | Business

By Lisa Baertlein Dec 26 (Reuters) - Starbucks Corp will use its ubiquitous coffee cups to tell U.S. lawmakers to come up with a d...

The Zombie Party

Robert Kuttner | Posted 02.22.2013 | Politics
Robert Kuttner

Obama, mercifully, has given up the quest for a grand bargain that he never should have pursued in the first place. His current position -- let's just preserve the tax cuts on the bottom 98 percent and fight about the rest of the budget another day -- is exactly what it should have been all along.

Austerity and the Consolidation of Elite Power

Aaron Pacitti | Posted 02.22.2013 | Politics
Aaron Pacitti

Economic policymakers in Europe and the United States argue that slashing government budget deficits will spur economic growth, even in the midst of a global slump.