In a dramatic split decision, two federal appellate panels disagreed on the legality of billions of dollars in government subsidies for Obamacare.» Read More
Treasury Secretary Timothy Geithner told CNBC Wednesday that Republicans are "making a little bit of progress" but said the Obama administration was "absolutely" ready to go over the "fiscal cliff" tax rates on the wealthy don't rise.
Alan Simpson has taken a drastic step in his campaign to trim the nation's hemorrhaging $16 trillion debt. Many steps: He's dancing Gangnam style.
The White House says President Obama is willing to let the country go over the "fiscal cliff" if Republicans don't concede on a tax hike for the wealthy.
In a rare display of bipartisanship, House Democratic Whip Steny Hoyer defended House Speaker John Boehner, saying the Ohio Republican "legitimately wants to reach an agreement" on the "Fiscal Cliff."
President Obama says a deal on the "fiscal cliff" could be reached in a week if Republicans accepted the idea of higher tax rates on the wealthy.
A pro-tax ad by the California teachers' union has drawn fire even from those who support higher taxes.
The White House says its "fiscal cliff" plan will save $4.4 trillion; Republicans say their plan would cut deficits by $2.2 trillion. Here's how the plans differ.
President Obama met with a group of the nation's governors on Tuesday as part of his approach to resolving the "fiscal cliff."
President Obama says that while tax rates must go up for a "fiscal cliff" deal, it may be possible to lower rates at the top end of the scale late next year as part of tax reforms.
The only way to solve America's debt crisis and bring certainty to Wall Street and the business community is to go over the fiscal cliff, said former Vermont Governor Howard Dean.
Texas Governor Rick Perry argues that the U.S. should learn something from how Texas attracts and keeps businesses.
Republicans proposed steep spending cuts on Monday but gave no ground on President Barack Obama's call to raise taxes on the wealthiest in their first formal proposal to avert a "fiscal cliff" that could push the U.S. economy into recession.
Republicans negotiating with President Obama on avoiding the "fiscal cliff" proposed cuts to Medicare and Social Security but no tax increase for the wealthy.
Have a 'fiscal cliff' question? Ask Obama.
Americans hate paying taxes. They also want Congress and the White House to balance the budget. That decades-long conflict seems to be approaching a Moment of Truth.
President Obama and Democrats have "a mantra, but they don't have a plan," said former House Majority Leader Dick Armey.
Jacob Lew will guide the White House through negotiations with Congressional Republicans to avert automatic tax increases and spending cuts on Jan. 1. The New York Times reports.
It may not sound like it from the rhetoric, but both the House and Senate already have passed separate bills to delay big tax increases awaiting nearly every taxpayer next year if Congress and the White House can't agree on a plan to avert the "fiscal cliff."
While politicians try to avoid the "fiscal cliff," CNBC.com remembers some legendary cliffs from pop culture.
Boehner lashed out at President Barack Obama, saying talks to avoid the "fiscal cliff" are "almost nowhere."
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