Congressional leaders from both parties are working out the details of a two-year federal budget deal they hope to vote on before the holiday recess.» Read More
New Jersey Gov. Chris Christie blasted fellow Republican John Boehner and the GOP-controlled House on Wednesday, saying he was disgusted that Congress failed to approve emergency aid for victims of Superstorm Sandy.
Rep. King says Speaker Boehner has promised two votes on Sandy aid, with CNBC's Eamon Javers.
PIMCO’s Bill Gross says it’s a mistake to attribute today’s strong stock rally to relief that Congressed finally managed to avert the “fiscal cliff.” (2:43)
While the tax package that Congress passed New Year's Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013.
Republican Sen. Bob Corker told CNBC on Wednesday that voting for the deal to avoid the "fiscal cliff" was like "eating a you know what sandwich."
CNBC's Jim Cramer tells investors how they should approach the stock market this year, now that there's a "fiscal cliff" deal.
The Sandy aid bill should go to the House floor as the "first order of business" in the new Congress, Rep. Steve Israel said on CNBC's "Squawk Box."
A bipartisan furor erupted after House Republican leadership decided to allow the current term of Congress to end without holding a vote on aid for victims of Superstorm Sandy.
The United States averted economic calamity on Tuesday when lawmakers approved a deal preventing huge tax hikes and spending cuts that would have pushed the world's largest economy off the "fiscal cliff" into recession.
President Obama addresses the successful effort to avoid the worst of the "fiscal cliff," as well as what still needs to be done. He says Washington still needs to get together to cut spending in the coming year, hopefully, with "less drama."
The Senate approved the "fiscal cliff" deal in a late-night vote. House GOP leaders said, "The House will honor its commitment to consider the Senate agreement if it is passed." The House meets on New Year's Day.
Senate Minority Leader Mitch McConnell goes to the floor to say a deal on the major tax aspects of the "fiscal cliff" is very close and should get a vote, even without an agreement on spending. (2:27)
Republican Sen. Bob Corker told CNBC on Monday he expects a deal to avoid the "fiscal cliff" would be worked out before the midnight deadline.
The top leaders in both parties on the House and Senate Agriculture committees have agreed to a one-year extension of the 2008 farm bill that expired in October, a move that could head off a possible doubling of milk prices next month.
An annoyed President Obama said it was "mind boggling" that Congress has been unable to fix the "fiscal cliff." Then dispatched Senate Majority Leader Harry Reid, a Democrat, and Minority Leader Mitch McConnell, a Republican, on a mind-boggling mission: coming up with a bipartisan bill to break the stalemate - in about 48 hours.
With "fiscal cliff" talks going to the wire, President Obama said Friday he was optimistic that an agreement can be reached in time to avert the automatic tax increases and spending cuts that could throw the economy back into recession.
Anti-tax crusader Grover Norquist repeated his call for spending cuts instead of tax increases to deal with the country's fiscal problems.
Democratic and Republican sources involved in negotiations reported some progress Friday toward a potential deal averting the "fiscal cliff" ahead of an afternoon summit at the White House between President Barack Obama and congressional leaders.
If no "fiscal cliff" deal is reached, Americans could feel pain as taxes rise, unemployment benefits are cut and smaller changes take effect.
President Obama will meet with congressional leaders on Friday in a last-ditch effort to avert a fiscal crisis. The NYT reports.