Daily Archive for December 31st, 2012

: December 31st, 2012

Over the cliff we go

The House of Representatives prepared to recess late Monday without voting on a tax measure, guaranteeing the nation would go over the much-feared fiscal cliff. The Senate nevertheless remained in session to possibly vote on a deal that reportedly would wipe away Bush-era tax cuts for those earning over $400,000 individually and $450,000 for couples filing […]
Categories: General

Mitch McConnell: “very, very close” and tax part done

Senate Republican leader Mitch McConnell of Kentucky, the chief negotiator with Vice President Joe Biden, said a deal on the fiscal cliff is “very, very close,” with an agreement on the main issue, taxes, in hand. McConnell said the spending cuts in the sequester can wait, and urged everyone to take the deal on taxes, […]
Categories: Fiscal Cliff

Rep. Sam Farr: House hijacked

The House is still waiting for the Senate to come up with a deal on the fiscal cliff, now down to negotiations between Republican leader Mitch McConnell and Vice President Joe Biden. Obama is set to deliver remarks at 1:30 Eastern, 10:30 Pacific. Rep. Sam Farr, D-Monterey, attributed the breakdown in the House to a […]