Posted: 8:34 AM 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: 8:30 AM 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.
Updated: 12:58 PM 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.
Updated: 12:32 PM President Barack Obama is applying pressure on Republicans to negotiate a fiscal deal, arguing that GOP leaders have rejected his past attempts to strike a bigger and more comprehensive bargain.
Posted: 12:10 PM Whether negotiated in a rush before the new year or left for early January, the fiscal deal President Barack Obama and Congress cobble together will be far smaller than what they initially envisioned as an alternative to purposefully distasteful tax increases and spending cuts.
Updated: 9:27 AM Recalling the shooting of 20 first graders as the worst day of his presidency, President Barack Obama on Sunday pledged to put his "full weight" behind a legislative package next year aimed at containing gun violence.
Updated: 9:37 AM Germany's respected news weekly Der Spiegel mistakenly published an obituary Sunday for former U.S. President George H.W. Bush, hours after a family spokesman said the 88-year-old was recovering from illness.
Posted: 10:56 PM After three weeks of gridlock, there appears to be some optimism that lawmakers can reach an agreement to avert across-the-board tax hikes and spending cuts due to go into effect next week.
Posted: 4:56 PM Four national retailers agreed to recall more than 150,000 Nap Nanny baby recliners after at least five infant deaths and dozens of reports of children nearly falling out of the recliners, the Consumer Product Safety Commission said Thursday.
Updated: 11:50 AM The prospects for a deal remain far from certain and barring an agreement, a combination of tax increases and spending cuts will take effect in January that experts warn will harm the economy.
Updated: 1:02 PM WASHINGTON (AP) - Four national retailers have agreed to recall more than 150,000 Nap Nanny baby recliners after at least five infant deaths and dozens of reports of children nearly falling out of the recliners.
Posted: 7:45 PM The Senate's top Republican says President Barack Obama has asked congressional leaders to convene at the White House for last-minute talks on a deal that avoids automatic tax increases and broad spending cuts.
Updated: 9:12 AM A U.S. official says retired Gen. H. Norman Schwarzkopf, who commanded the U.S.-led international coalition that drove Saddam Hussein's forces out of Kuwait in 1991, has died. He was 78.