Posted: 01/04/2013 - The nonpartisan scorekeeper for Congress says the legislation passed earlier this week to avert the "fiscal cliff" could still leave in place deficits averaging more than $900 billion a year over the coming decade if Congress fails to follow its tax increases up with spending cuts.
Posted: 01/01/2013 - The Senate on Tuesday approved a bill to prevent the nation from going over a Jan. 1 "fiscal cliff." The legislation is now in the hands of the House, which is expected to vote on it Tuesday or Wednesday; if the House approves, it would go to the White House for President Barack Obama's signature.
Posted: 01/01/2013 - Legislation to negate a fiscal cliff of across-the-board tax increases and sweeping spending cuts to the Pentagon and other government agencies is headed to the GOP-dominated House after bipartisan, middle-of-the-night approval in the Senate capped a New Year's Eve drama unlike any other in the annals of Congress.
Posted: 12/31/2012 - A Democratic aide says the White House and congressional Republicans have reached an agreement to avert the so-called fiscal cliff.
Updated: 01/01/2013 - The House will miss the midnight Monday deadline lawmakers set for voting to avoid the "fiscal cliff."
Updated: 12/31/2012 - Working against a midnight deadline, negotiators for the White House and congressional Republicans narrowed their differences Monday on legislation to avert across-the-board tax increases.