fiscal cliff

Politics
12:40 pm
Wed January 2, 2013

Cliff Deal: What We Learned; What Comes Next

Although the fiscal cliff deal was passed by majorities in both chambers, it has still drawn criticism from the left and right.
J. Scott Applewhite AP

Originally published on Wed January 2, 2013 1:03 pm

The budget negotiations that led to a frantic New Year's deal on taxes confirmed many lessons about the way Washington works today.

For one thing, many of the most important relationships in the capitol appear to be broken. President Obama and House Speaker John Boehner led negotiations on a budget deal for most of the post-election period, but once again they came up empty.

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Fiscal Cliff
2:03 am
Wed January 2, 2013

House votes to approve 'Fiscal Cliff' legislation

President Barack Obama and Vice President Joe Biden make a statement regarding the passage of the fiscal cliff bill in the Brady Press Briefing Room at the White House late Tuesday evening.
Charles Dharapak AP

Originally published on Wed January 2, 2013 1:23 am

The House of Representatives voted 257-167 late Tuesday to pass a Senate-approved compromise deal that stops large tax increases for 99 percent of Americans, and delays massive spending cuts for two months.

The bill now goes to President Obama, who is expected to sign it into law.

NPR's S.V. Date is reporting on the deal for our Newscast unit. Here's what he says:

"The eventual deal was hammered out by Senate Republican Leader Mitch McConnell and Vice President Joe Biden. It passed the Senate with overwhelming, bipartisan support.

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The Fiscal Cliff
12:58 pm
Mon December 31, 2012

Deal To Avert 'Fiscal Cliff' Appears Likely

The Capitol is illuminated in Washington, where the House and Senate remain in session. The two chambers will miss a deadline to avoid the "fiscal cliff" tonight, as 2013 begins.
Drew Angerer Getty Images

Originally published on Tue June 4, 2013 7:01 am

Update at 9:45 p.m. Deal Reached

Vice President Joe Biden was meeting late Monday with Senate Democrats to brief them on a proposed deal to stop sharp tax increases and spending cuts. A source told NPR the deal with congressional Democratic and Republican leaders includes a mix of both.

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Money Matters
5:34 am
Tue December 11, 2012

Don't worry about a hike in the capital gains tax

IRS Form 1040, Schedule D
Dave Meyer KPLU

As we approach the dreaded fiscal cliff, many financial pundits are sounding the alarm: “Take your capital gains now to avoid higher taxes next year!”

Should most of us be worried about this? On this week’s Money Matters, financial commentator Greg Heberlein says you should hang on to your winning investments. He tells KPLU’s Dave Meyer that the push to sell because of capital gains concerns may be the biggest idiocy since the sale of no-money-down, balloon-payment mortgages. 

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Politics
5:00 am
Tue November 13, 2012

Senator Patty Murray says going over the 'fiscal cliff' is an option

Now that the election is over, Washington, D.C. has turned its focus to averting the so-called fiscal cliff. But Washington Senator Patty Murray says going over the cliff should be an option.

The fiscal cliff refers to the Bush-era tax cuts that expire at the end of the year and the deep spending cuts that will take place. Senator Murray has been saying for some time now that Democrats shouldn’t be too afraid of the fiscal cliff.

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