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  • Timothy Geithner

    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.

  • Why Is Alan Simpson Dancing Gangnam Style? Wednesday, 5 Dec 2012 | 3:32 PM ET
    Alan Simpson dancing Gangnam style.

    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.

  • White House: Wealthy Tax Hike or It's 'Over the Cliff' Wednesday, 5 Dec 2012 | 2:30 PM ET
    Scene from James Bond Dr. No

    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.

  • Top Democrat Hoyer: Boehner 'Wants an Agreement' Wednesday, 5 Dec 2012 | 1:13 PM ET

    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."

  • Obama: 'We Can Probably Solve This in a Week' Wednesday, 5 Dec 2012 | 12:49 PM ET
    President Obama speaks on the "fiscal cliff" during the Washington Business Roundtable on Wednesday.

    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.

  • Union's 'Tax the Rich' Video Peeves Even Dems Wednesday, 5 Dec 2012 | 10:36 AM ET
    Tax the Rich: An Animated Fairy Tale

    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.

  • Obama Meets with Governors on the 'Fiscal Cliff' Tuesday, 4 Dec 2012 | 3:17 PM ET
    President Obama (R) meets with members of the bipartisan Governors Association Executive Committee, including Delaware Gov. Jack Markell (D)

    President Obama met with a group of the nation's governors on Tuesday as part of his approach to resolving the "fiscal cliff."

  • Obama Says Tax Rate Cut for Wealthy Possible Tuesday, 4 Dec 2012 | 2:11 PM ET
    President Obama (R) meets with members of the bipartisan Governors Association Executive Committee, including Delaware Gov. Jack Markell (D)

    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.

  • Going Off 'Cliff' Would Help Wall Street: Gov. Dean Tuesday, 4 Dec 2012 | 1:21 PM ET

    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.

  • Gov. Perry: Why US Should Be More Like Texas     Tuesday, 4 Dec 2012 | 9:56 AM ET

    Texas Governor Rick Perry argues that the U.S. should learn something from how Texas attracts and keeps businesses.

  • Republicans Reject Tax Hike in 'Fiscal Cliff' Offer Monday, 3 Dec 2012 | 10:17 PM ET

    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.

  • GOP 'Cliff' Plan Cuts Medicare, Social Security Monday, 3 Dec 2012 | 5:29 PM ET
    Speaker of the House John Boehner and President Barack Obama.

    Republicans negotiating with President Obama on avoiding the "fiscal cliff" proposed cuts to Medicare and Social Security but no tax increase for the wealthy.

  • Obama Hosts 'Fiscal Cliff' Twitter Chat Monday, 3 Dec 2012 | 1:27 PM ET

    Have a 'fiscal cliff' question? Ask Obama.

  • US Taxpayers Have Had it Easy for Decades Monday, 3 Dec 2012 | 11:35 AM ET
    Scene from James Bond Dr. No

    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.

  • Obama 'Poorly Schooled' on Economics: Dick Armey Monday, 3 Dec 2012 | 10:10 AM ET

    President Obama and Democrats have "a mantra, but they don't have a plan," said former House Majority Leader Dick Armey.

  • Aide to Obama Faces a Big Test in Fiscal Talks Sunday, 2 Dec 2012 | 2:56 PM ET

    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.

  • House and Senate Sit on Bills the Other Passed Saturday, 1 Dec 2012 | 11:51 AM ET

    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."

  • Forget the 'Fiscal Cliff,' Look at These Cliffs Friday, 30 Nov 2012 | 4:27 PM ET

    While politicians try to avoid the "fiscal cliff," CNBC.com remembers some legendary cliffs from pop culture.

  • Boehner on 'Cliff' Talks: 'We're Almost Nowhere' Friday, 30 Nov 2012 | 2:22 PM ET

    Boehner lashed out at President Barack Obama, saying talks to avoid the "fiscal cliff" are "almost nowhere."

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