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Obama signs cliff deal to boost taxes on wealthy

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President Barack Obama gestures as he speaks about the fiscal cliff, Monday, Dec. 31, 2012, in the South Court Auditorium at the White House in Washington.  AP

President Barack Obama has signed a bill that boosts taxes on the wealthiest Americans, while preserving tax cuts for most American households.

Posted: January 3rd, 2013 in Latest News Stories,World | Read More »

Obama: Senate fiscal cliff bill ‘the right thing’

President Barack Obama gestures as he speaks about the fiscal cliff, Monday, Dec. 31, 2012, in the South Court Auditorium at the White House in Washington.  AP

President Barack Obama says the “fiscal cliff” agreement reached by the Senate is “the right thing to do for our country” and is encouraging the House to “pass it without delay.”

Posted: January 1st, 2013 in Latest News Stories,Photos & Videos,World | Read More »

White House, Republicans seal deal on fiscal cliff crisis

Vice President Joe Biden, center, with Majority Leader Harry Reid of Nevada, and Majority Whip Dick Durbin of Illinois, head to a Senate Democratic caucus meeting about the fiscal cliff, on Capitol Hill Monday, Dec. 31, 2012 in Washington. (AP Photo/Alex Brandon)

The White House and top Republicans struck a deal late Monday to avert huge New Year tax hikes and spending cuts known as the “fiscal cliff” that had threatened to send the US economy into recession.

Posted: January 1st, 2013 in Latest News Stories,World | Read More »

Obama says he’s been fair in fiscal talks

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President Barack Obama gestures during a statement on the fiscal cliff negotiations with congressional leaders in the briefing room of the White House on Friday, Dec. 28, 2012 in Washington. The negotiations are a last ditch effort to avoid across-the-board first of the year tax increases and deep spending cuts. (AP Photo/ Evan Vucci)

President Barack Obama is applying pressure on Republican leaders to negotiate a fiscal deal, arguing that they have rejected his past attempts to strike a bigger and more comprehensive bargain.

Posted: December 31st, 2012 in Latest News Stories,World | Read More »

Last-minute fiscal cliff talks in US Senate

President Barack Obama speaks to reporters in the Brady Press Briefing Room at the White House in Washington after meeting with Congressional leaders regarding the fiscal cliff, Friday, Dec. 28, 2012. AP/Charles Dharapak

Senate leaders sought a last-minute compromise Saturday to avoid middle-class tax increases and possibly prevent deep spending cuts at the dawn of the new year as President Barack Obama warned that failure could threaten the nation’s economic recovery.

Posted: December 30th, 2012 in Latest News Stories,World | Read More »

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