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Opinion: The Fiscal Cliff: Washington At Its Worst

By Yashwanth Manjunath From the very beginning this “fiscal cliff” crisis was a sham. All throughout the past four years, Democrats and Republicans, but mostly Republicans, screamed about the importance of balancing the budget and embracing austerity. Well, doing nothing and allowing us to “go over the cliff” would have done exactly that. It would […]

Once again, Senate leaders called in the Veep to help settle the deal: Three hours shy of the midnight deadline, the White House and congressional leaders reached a deal to avert the so-called fiscal cliff, several sources confirmed to The Huffington Post. Under the deal brokered by Vice President Joe Biden and Senate Minority Leader […]

Tick, tick, tick… Vice President Biden and Senate Minority Leader Mitch McConnell (R-Ky.) continued urgent talks Monday over a deal to avoid the “fiscal cliff” after Democrats offered several significant concessions on taxes, including a proposal to raise rates only on earnings over $450,000 a year. With a New Year’s Eve deadline hours away, Democrats […]

Senate Majority Leader Mitch McConnell says he’s “concerned about a lack of urgency.”  What does he think President Obama coming back from his vacation and calling a meeting of House and Senate leaders is? “I’m concerned about the lack of urgency here,” he said. “I think we all know we’re running out of time. There […]

The president will be back in Washington Thursday to try to avoid the fiscal cliff. The White House has been seeking a resolution through talks with Senate Democrats, who control the chamber and have gained the tacit support of some of their Republican colleagues. But the Senate Republican leader, Mitch McConnell of Kentucky, has given […]

By Yashwanth Manjunath According to the latest news out of the “Fiscal Cliff” talks, President Obama is backing off his plan to raise taxes on individuals making over $250,000 and has put Social Security cuts on the table, reneging on two critical campaign promises in one offer. Specifically, he wants to incorporate the “chained CPI” into […]

Progress In Fiscal Cliff Talks

President Obama and House Speaker John Boehner met again Monday. The meeting came after Boehner on Friday offered $1 trillion in higher tax revenue over 10 years and an increase in the top tax rate on people making more than $1 million a year. The House speaker is also offering a large enough extension in […]

An ABC News/Washington Post poll shows that twice as many Americans approve of the president’s approach on the fiscal cliff issue than favor that of House Speaker John Boehner. That’s at least in part because many more people are in the dark about Boehner’s efforts, underscoring a president’s greater ability to command the spotlight to […]

The back-and-forth continues, but little information is known about what is being offered. “We sent the White House a counter-offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more American jobs,” said Boehner spokesman Michael Steel. “As the Speaker said today, we’re still waiting for the White House […]

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