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.
Dick Armey, former House Majority Leader (R-TX), weighs in on the "fiscal cliff" stalemate in Washington, and why lawmakers have yet to reach an agreement on taxes and spending.
While politicians try to avoid the "fiscal cliff," CNBC.com remembers some legendary cliffs from pop culture.
Arne Sorenson, CEO of Marriott International, says it is hard to find the dollars without going after entitlements.
House Speaker John Boehner responds to President Obama's "fiscal cliff" proposals.
Which political party is the biggest obstacle to a "cliff" agreement? Ed Rendell and Judd Gregg, "Fix the Debt" campaign co-chairs, discuss ways to rise above partisan politics and negotiate a debt deal. The "fiscal cliff" is sort of the ultimate forcing mechanism and "Congress needs forcing mechanisms to act," added Gregg.
House Speaker John Boehner tells reporters that negative comments from the GOP about the "fiscal cliff" talks aren't just public posturing for negotiating purposes.
CNBC's Eamon Javers says the Wall Street Journal is reporting the White House wants $1.6 trillion in up front tax increases and at least $50 billion in new spending. (5:49)
The political squabbles are continuing as the fiscal cliff approaches, but this strategist has a trading plan.
Finally, the euro is trading on U.S. fundamentals, this pro says, and he likes it.
CNBC's Eamon Javers reports on fiscal cliff comments from Speaker Boehner (R-OH) and Senator Harry Reid (D-NV) and how it's impacted the markets.
The Democrats think the Republicans aren't being serious enough on Capitol Hill, reports CNBC's Eamon Javers.
New York Fed President William Dudley is speaking about the economy, the fiscal cliff and the economic impact from Sandy. CNBC's Steve Liesman has the details.
Is a bipartisan deal possible before the end of the year? Rep. Bill Pascrell (D-NJ), weighs in.
CNBC's Eamon Javers reports Senator Reid told CNBC that there was no specific offer from Geithner to the Republican side today.
Michael Santoli, Yahoo Finance, discusses how the markets reacted to political wrangling over "fiscal cliff" talks in Washington.
"The Democrats have yet to get serious about real spending cuts," said House Speaker John Boehner (R-OH), discussing "fiscal cliff" talks among lawmakers over the nation's looming debt crisis. CNBC's Eamon Javers reports on the political rhetoric.
Alice Rivlin, Brookings Institution senior fellow, shares her two-step plan to find a bipartisan solution to the nation's growing debt challenge.
Not the legacy the president is after.
CNBC's John Harwood reports Congress has returned to work, and is expected to meet this week to work on a deal to avoid the fiscal cliff. And have Republicans decided to leave Grover Norquist and his anti-tax pledge behind?