Fiscal Cliff
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The eleventh hour deal reached to avert the fiscal cliff in the U.S. merely masks the bleak long-term outlook for the country, Nouriel Roubini said in an opinion piece published in the Financial Times newspaper on Thursday.
Why Rise Above?
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The "fiscal cliff" is a fast-moving story so we're separating the news from the noise.
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The American economy will only be unleashed if we avoid the fiscal cliff, pare our deficit and rise above partisan politics. On this point, nearly every business leader and investor who appears on CNBC has been consistent: The status quo leads to economic stagnation or worse.
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Sen. Richard Shelby told CNBC he voted against the "fiscal cliff" deal it moves us from one crisis to another crisis in "less than" eight weeks.
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Donald Trump slams GOP in tweets, saying that Republicans got nothing in the fiscal cliff deal. Here's a look at some principles the real estate mogul might have followed had he been negotiating, the CSM reports.
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U.S. executives largely panned the congressional deal to steer America away from the "fiscal cliff," saying Washington wasted an opportunity to address the nation's debt.
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The "fiscal cliff" deal will help millions of Americans avoid paying the dreaded alternative minimum tax—while making it harder for many upper-middle class taxpayers to escape it, analysts say.
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The new tax rates may not hold for long, but the wealthy have to feel as if they've dodged a bullet for now in the fiscal cliff deal.
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Now that there's a "Cliff" deal, the housing market is on firmer ground today, and here's why.
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The U.S. House of Representatives approved a Senate bill on Tuesday night to avert $600 billion in automatic tax increases and spending cuts known as the "fiscal cliff." Here are the details.
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This academic says the tax and spending package passed by the Senate and House provides little prospects of improvement.
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"Fiscal cliff" garnered the most nominations for this year's "List of Words to be Banished from the Queen's English for Misuse," which has been put out every New Year's Eve since 1975. Second on the list was the phrase "kick the can down the road."
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'Nothing Really Has Been Fixed' by 'Cliff' DealBy: AP with CNBC.com and Reuters
An emergency deal reached after weeks of rancorous negotiations will keep the U.S. from driving off the "fiscal cliff," but higher taxes and continued political bickering in Washington threaten to shake the fragile economy well into 2013.
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U.S. stocks are set to move higher short term on a temporary fix to the "fiscal cliff."
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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."
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Markets are relieved that the U.S. Congress has approved a deal to avert a "fiscal cliff", but analysts warn that investors now face a rocky two months ahead as negotiations over the debt ceiling begin.
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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.
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The tentative agreement between the White House and Senate GOP leader Mitch McConnell would raise taxes by about $600 billion over 10 years. Here are highlights of the plan.
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US Fiscal Talks Going 'Very, Very Well': Sen. CorkerBy: Javier E. David, Special to CNBC.com
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.
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Obama: GOP Focus on Rich Standing in Way of DealBy: Carrie Dann
The GOP says it wants a deal on the "fiscal cliff" but "their only priority is making sure that tax breaks for the wealthiest Americans are protected," President Obama said on NBC's "Meet the Press."
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After all that grand talk and bickering in Washington, it's time to temper expectations: If a deal is reached, it's likely to be much smaller than most expect.
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Republican and Democratic negotiators careened toward a mid-afternoon deadline, still uncertain they can come up with a deal to avoid the "fiscal cliff."
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The 'fiscal cliff' negotiations are down to the wire, and these strategies have suggestions for how to take cover.
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Obama: Optimistic We Can Still Reach Deal 'in Time'By: CNBC.com with Wires
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.
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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.
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How No 'Cliff' Deal Will Hammer the Middle ClassBy: Josh Boak
There’s a common misperception about the fiscal cliff — that the tax increases only apply to 2013. Not true. The Fiscal Times reports.
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Gird Your Loins: Here's How the 'Cliff' Will Hit YouBy: Allison Linn, NBC News
If no "fiscal cliff" deal is reached, Americans could feel pain as taxes rise, unemployment benefits are cut and smaller changes take effect.
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Stocks are increasingly vulnerable as the "fiscal cliff" deadline nears, but traders are still betting politicians will compromise on a deal to head it off, even if it's early in 2013.
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As Clock Ticks, Can the US Avert 'Fiscal Cliff'?By: Jonathan Weisman
President Obama will meet with congressional leaders on Friday in a last-ditch effort to avert a fiscal crisis. The NYT reports.
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Consumer, Businesses Brace for 'Fiscal Cliff'By: John W. Schoen, NBC News
Business managers have blamed uncertainties over the looming "fiscal cliff" for their lack of new hiring. We may be about to find out just how justified those fears are.
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If the life of an elderly wealthy family member extends into 2013, the tax bills will be substantially higher.
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Shoppers Are Left Dangling on the 'Fiscal Cliff'By: Katie Little, News Associate
Despite strong sales early on, the "fiscal cliff" left shoppers hanging on the edge.
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Congress waited for President Barack Obama to return from Hawaii and make one final attempt to avoid the "fiscal cliff."
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Falling off the "fiscal cliff" is a bad thing, right? Not necessarily. Some states could begin collecting more in estate taxes.
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Over the Fiscal Cliff: What Kind of Landing?By: AP With CNBC.com
Why is it so hard for Republicans and Democrats to compromise on urgent matters of taxes and spending? What will happen if they fail to meet their Jan. 1 deadline? Here's a look.
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Workers probably won't feel the full brunt of next year's tax increases in their January paychecks, but don't be fooled.
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Fiscal cliff: Many "Plan C's" are floating around, but President Barack Obama outlined the only real deal that is on the table — raise taxes on the top two percent, and restore the Bush-era tax cuts for the rest.
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Boehner Abruptly Scraps 'Plan B' Vote in SetbackBy: CNBC.com with Wires
Facing a GOP revolt, House Speaker John Boehner abruptly canceled a vote Thursday night on a plan to raise taxes for the wealthy, bringing the country closer to a plunge down the "fiscal cliff."
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Global investors are betting Washington will overcome its budget deadlock despite an apparently serious setback. Republican lawmakers rejected a proposal on Thursday by their leader, House of Representatives Speaker John Boehner, designed to extract concessions from President Barack Obama.
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House Democratic Whip Steny Hoyer told CNBC on Friday that Speaker John Boehner has to realize that he can't pursue partisan solutions.
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With negotiations on a "fiscal cliff" deal at an impasse, Democrats and Republicans have turned toward sending political messages just before the Christmas holidays.
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Boehner Challenges Obama With 'Plan B' ShowdownBy: CNBC.com with Wires
House Speaker John Boehner pressed his backup tax plan Wednesday despite a White House veto threat, saying it will be approved Thursday by the GOP-controlled House.
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Fitch Warns US Could Lose AAA If 'Fiscal Cliff' HitsBy: Marc Jones
Ratings firm Fitch warned on Wednesday there was an increased likelihood it would strip the U.S. of its triple-A status if Washington does not prevent $600 billion of spending cuts and tax hikes from kicking in early next year.
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A deal may be good for the stocks, but the same can't be said for the dollar, according to this pro.
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'Cliff' Causing a Crisis of Confidence for Small Business: SorrentinoBy: Frank Sorrentino III, Chairman and CEO, North Jersey Community Bank
The "fiscal cliff" is hampering everyday operations of small businesses and clouding their outlook for growth.
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In a fresh offer aimed at resolving the "fiscal cliff" standoff, President Barack Obama seeks $1.2 trillion from higher tax revenues, including higher rates on those earning more than $400,000 a year.
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President Obama's latest "fiscal cliff" offer does not move the goalposts closer in negotiations, former Bush economic adviser Lawrence Lindsey told CNBC.
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One in five of Americans earning less than $20,000 a year would see a tax hike of $1,070, since Boehner's bill would eliminate deductions for low earners.
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Obama, Boehner Press On After Alternative Plan Is RejectedBy: CNBC.com with Wires
President Obama and House Speaker John Boehner pressed ahead on trying to avert the "fiscal cliff" after the White House rejected a narrow GOP plan on taxes.
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Stocks will like churn in the near-term as market fundamentals take a backseat to the ongoing "fiscal cliff" negotiations in Washington.
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Traders are now trying to position themselves post-"fiscal cliff."
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Narrow 'Fiscal Cliff' Bargain Gains CurrencyBy: AP with Reuters
The White House and many congressional Republicans are now looking at a modest deal that would extend current tax rates for most Americans and leave vexing issues for the new year.
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Holiday shoppers know about the "fiscal cliff," but will it hurt their spending plans? CNBC's Jane Wells interviews shoppers at one mall to find out.
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A majority of Americans wants a compromise to avoid the "cliff," and most back President Barack Obama's prescription for doing so, according to a new NBC News/WSJ poll.
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Can some stocks can still thrive even if lawmakers can't find common ground and compromise to avoid the fiscal cliff?
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The U.S. economy could grow at a 4 percent rate and monthly jobs creation could get above 200,000 if Washington politicians can "grasp a rational fiscal policy" and avoid the "fiscal cliff," JPMorgan CEO Jamie Dimon said.
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A "fiscal cliff" deal lies in going back to time-tested spending-to-tax ratios, Blackstone CEO Steve Schwarzman told CNBC.
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Despite all the hullabaloo about the "fiscal cliff," stock markets have behaved calmly throughout this whole period. Larry Kudlow is guessing that stocks are correctly sniffing that there will be no calamitous falling off the cliff.
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"Raising taxes is always bad for the economy," Americans For Tax Reform President Grover Norquist told CNBC.
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One thing Congress and the White House can't control in the event of failing to meet the "fiscal cliff" deadline is the market reaction, which could be a panicky sell-off.
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The fight over revenue has largely focused on income taxes for the rich. But a dispute over "the other rich tax" looms in Washington.
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The head of one of France's biggest companies has warned that France's problems dwarf those of the U.S.
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Obama: 'We Can Probably Solve This in a Week'By: CNBC.com with Wires
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.
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Jobless claims Thursday should show a decline from recent elevated levels, but Friday's report could show the full brunt of Super Storm Sandy's impact.
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‘Cliff’ Deal Could Slingshot Economy Higher: ExecutiveBy: Justin Menza
The U.S. economy could slingshot higher if the politicians reach a compromise on the country's fiscal problems, Greg Fleming, Morgan Stanley Wealth Management president, said.
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Mortgage Deduction Is Popular, but Few Claim ItBy: Gregory Korte
Mortgage interest deduction is one of the most popular provisions of the tax code. But Internal Revenue Service data show that only a quarter of tax filers claim it.
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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.
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The race to beat the "dividend cliff" is on – and it's generating some big pay-days for CEOs and company founders. Special dividends will total more than $22 billion this quarter.
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US Taxpayers Have Had it Easy for DecadesBy: John W. Schoen, NBC News
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.
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The U.S. millionaire population will fall by 315,000 if the fiscal cliff is not averted.
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Millions more Americans could be subject to the AMT this year if Congress fails to reach a deal on the "fiscal cliff," including those making as little as $33,750 a year and joint filers making $45,000.
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Companies are racing the clock to hand out billions before year end—and some of them are taking on debt to do it.
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As the prospect of the U.S. economy falling off a "fiscal cliff" looms large, keeping stock markets on edge, one technical analyst says falling off the "cliff" is likely to end up being a non-event for equities.
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How the ‘Fiscal Cliff’ Could Hurt Married CouplesBy: Jennifer Parker, | Special to CNBC.com
There are many financial perks that come with being married. Filing taxes generally isn’t one of them.
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Lloyd Blankfein pointed to the uncertainty in the nation's capital as a major drag on the world economy.
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Even the most bland comment from a key player in the “fiscal cliff” negotiations has the power to drive markets.
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House Minority Leader Nancy Pelosi, D-Calif., has represented the San Francisco area for a quarter century. What do her constituents think about the "fiscal cliff?"
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Futures turned slightly lower Thursday, despite a better-than-expected jobless claims report, as worries over the "fiscal cliff" lingered.
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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.
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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.
Contact Fiscal Cliff
Monitoring The Fiscal Cliff
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Jason Trennert, Strategas Research Partners, and Barry Knapp, Barclays, discuss the economic outlook for next year, as the nation faces taxing times in 2013.
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Discussing reports that companies are scrambling to offer special dividends as the January 1 tax threat of the fiscal cliff nears, with Steve Moore, author of "Return to Prosperity," and CNBC Contributor Howard Dean.
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Congress is tossing around the idea of swapping out the paper dollar bill for a hard coin, and a government report finds the move could save taxpayers nearly $4.5 billion over 30 years, with Sean Fieler, American Principles; and Don Luskin of Trend Macro and Jim LaCamp of UBS, check the stock market.