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Content Tagged As fiscal_cliff

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  • US economy adds 155K jobs, rate stays at 7.8 pct.

    January 4, 2013 3:13 PM

    WASHINGTON - The U.S. job market proved resilient in December despite fears that the economy would tumble over the fiscal cliff. The Labor Department reports employers added 155,000 jobs, roughly matching the solid but unspectacular monthly pace of the past two years. The gains were not enough to reduce unemployment... more »
  • Farm bill extension is evidence of lost clout

    January 3, 2013 5:13 PM

    WASHINGTON - A patchwork extension of federal farm programs passed as part of a larger "fiscal cliff" bill keeps the price of milk from rising but doesn't include many of the goodies that farm-state lawmakers are used to getting for their rural districts. House and Senate Agriculture Committee leaders who... more »
  • Fiscal cliff averted but taxes rise for all Play Video

    January 2, 2013 5:57 PM

    BATON ROUGE - Lawmakers reached a deal last night in Washington, averting the fiscal cliff, which included tax hikes for the middle class. The deal did not include an extension of the payroll tax cut. Beginning January 1st, one tax went up for everyone. It's a two percent increase... more »
  • Moody's pressures Congress to deal with deficit

    January 2, 2013 3:42 PM

    WASHINGTON- Moody's Investors Service says Congress must go beyond its deal this week and come up with a plan to shrink the budget deficit if it wants to keep the U.S. government's top credit rating. The credit rating agency says in a statement that it expects lawmakers in the coming... more »
  • Louisiana delegation split on fiscal cliff vote

    January 2, 2013 11:00 AM

    BATON ROUGE - Louisiana's delegation was divided as Congress agreed to a compromise to avert the so-called "fiscal cliff" of middle-class tax increases and spending cuts. While Democratic Sen. Mary Landrieu and Republican Sen. David Vitter supported the legislation, most of the state's U.S. House delegation opposed it. Democratic Rep.... more »
  • Obama in Hawaii, fiscal cliff standoff behind him

    January 2, 2013 10:51 AM

    HONOLULU - President Barack Obama is back in Hawaii for vacation after a tense, end-of-the-new-year standoff with Congress over the fiscal cliff. The president arrived early Wednesday morning, local time, after an overnight flight aboard Air Force One. He was rejoining his family for a holiday break after having returned... more »
  • Congress approves deal to avoid 'fiscal cliff'

    January 1, 2013 10:45 PM

    WASHINGTON - Past its own New Year's deadline, a weary Congress sent President Barack Obama legislation to avoid a national "fiscal cliff" of middle class tax increases and spending cuts late Tuesday night in the culmination of a struggle that strained America's divided government to the limit. The bill's... more »
  • House will vote on Senate-passed 'cliff' bill

    January 1, 2013 8:17 PM

    WASHINGTON - Republicans are dropping their demands for additional spending cuts and will hold a House vote on whether to give final congressional approval to the Senate-approved compromise averting "fiscal cliff" tax increases and spending cuts. The House vote was expected Tuesday evening. A decision by the Republican-run House to... more »
  • Dems want House vote on Senate-passed 'cliff' deal

    January 1, 2013 2:42 PM

    WASHINGTON - House Democratic leaders are pressing Speaker John Boehner to let the House vote on the Senate-approved bipartisan compromise that would avert much of the impact of the so-called fiscal cliff. Following a nearly three-hour private meeting Tuesday between Vice President Joe Biden and House Democratic lawmakers, Minority Leader... more »
  • GOP leader Cantor opposes Senate 'cliff' bill

    January 1, 2013 2:39 PM

    WASHINGTON - The No. 2 Republican in the House leadership says he opposes a Senate-passed measure to avert the so-called fiscal cliff. Virginia Rep. Eric Cantor told reporters after a two-hour closed-door meeting Tuesday with his GOP lawmakers that he did not support the bill. He said House leaders were... more »
  • Bill to avert fiscal cliff heads to House

    January 1, 2013 8:38 AM

    WASHINGTON - Now in the spotlight, House Republicans plan a closed-door meeting today to decide their next move after the Senate overwhelmingly approved compromise legislation avoiding a fiscal cliff of across-the-board tax increases and sweeping spending cuts to the Pentagon and other government agencies. The Senate endorsed the legislation early... more »

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