"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?
Rep. John Boehner (R-OH), Sen. Harry Reid (D-NV), Sen. Mitch McConnell (R-KY) and Rep. Nancy Pelosi (D-NY) offer insight on meeting an agreement on the fiscal cliff.
House Speaker John Boehner says he has outlined a framework for how both parties can work together to avert the fiscal cliff without raising tax rates; and the Fast Money traders weigh in.
The one thing we know for sure about the fiscal debate in Washington is that over the next year, someone’s taxes are going to go up. But the fight will be over whose taxes and how much they will have to pay.
Now that the election is over, CEOs from a range of industries are saying loud and clear to Washington: Let's get a deal done on the "fiscal cliff" and give this economy a jump-start.
"It's clear that we've got to fix our broken tax system, and we've got to deal with our spending problem,' said Speaker of the House, John Boehner addressing tax and entitlement reform as ways to form a bipartisan framework to avert the fiscal cliff. CNBC's John Harwood, weighs in.
Hans Goetti, Chief Investment Officer Asia, Finaport explains why the fiscal cliff is concerning but "not the end of the world."
Damian Paletta, economic policy reporter at the Wall Street Journal, tells CNBC that Congress appears ready to engage in talks with the White House to reach a compromise over America's deficit problem.
Discussing elections, energy dependence and the fiscal cliff, with T. Boone Pickens, BP Capital Management founder. "I think the market thought Romney was going to win -- don't give up, just manage it and go forward" he says.
CNBC's Eamon Javers reports House Speak Rep. John Boehner is signaling he is willing to accept more revenues if combined with tax reform.
House Speaker Representative John Boehner remarks on the challenges in the weeks ahead to fix the fiscal cliff. "House Republicans are ready to work with President Obama," he says.
At the beginning of next year, $600 billion in tax increases and spending cuts- known as the fiscal cliff- will automatically become law unless Congress acts. However, there is a sense that neither the financiers and investors in New York nor the lawmakers in Congress are taking each other seriously enough.
WASHINGTON, Nov 2- After the Nov. 6 elections, urgent tax and spending issues must be addressed, forcing Washington's power players to make some tough decisions before the end of the year. Regardless of who wins the Nov. 6 presidential election, Obama will be in the White House during the final months of 2012 when the ``fiscal cliff'' must be dealt with.
*Debt-limit hike could be too much for lame-duck Congress. WASHINGTON, Oct 28- A U.S. debt-ceiling increase could be headed for a Wall Street- rattling s howdown in 2013 if Congress, as expected, shuns a quick and easy fix at the end of this year in favor of another round of last-minute brinkmanship.
WASHINGTON-- President Barack Obama carried the nation's capital in 2008 with 92 percent of the vote, and some local activists hoped he would push to give the District of Columbia representation in Congress and more autonomy in local affairs. Even Obama's staunchest local defenders are upset he's not more vocal on issues important to them.
LEESBURG, Va.-- In many ways, it's an odd topic to make a central campaign issue: sequestration. Many voters greet the word with a blank stare or slightly glazed eyes, and when Republican George Allen brings up the issue in his Senate campaign, he first has to explain what he's talking about.
WASHINGTON, Oct 24- President Barack Obama says he's confident that if re-elected he will secure within six months a deficit-reduction deal with Republicans equivalent to the ``grand bargain'' he failed to achieve last year. After the newspaper complained in a blog, the White House relented and released a transcript of the interview on Wednesday.