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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 »

US Senate leaders to start wrangling over fiscal deal

President Barack Obama pauses as he speaks to reporters about the fiscal cliff in the Brady Press Briefing Room at the White House in Washington, Friday, Dec. 21, 2012. (AP / Charles Dharapak)

The search for an elusive fiscal deal aimed at avoiding blanket tax hikes and drastic spending cuts was in the hands of US Senate leaders Saturday after President Barack Obama brought them together in a bid to move the quest for an accord forward.

Posted: December 29th, 2012 in Latest News Stories,World | Read More »

Obama ‘modestly optimistic’ for fiscal deal

President Barack Obama pauses as he speaks to reporters about the fiscal cliff in the Brady Press Briefing Room at the White House in Washington, Friday, Dec. 21, 2012. (AP / Charles Dharapak)

President Barack Obama said Friday he was “modestly optimistic” a last-minute deal was possible with Republicans to avert a “fiscal cliff” crisis that could spark a recession and rock global markets.

Posted: December 29th, 2012 in Latest News Stories,World | Read More »

Obama says he is ‘ready and willing’ to get deal

President Barack Obama pauses as he speaks to reporters about the fiscal cliff in the Brady Press Briefing Room at the White House in Washington, Friday, Dec. 21, 2012. (AP / Charles Dharapak)

President Barack Obama issued a stern summons to congressional leaders Friday to approve legislation before year’s end to prevent tax increases on millions of middle class Americans and prevent an expiration of long-term unemployment benefits for the jobless that could hit the U.S. economy hard.

Posted: December 22nd, 2012 in Latest News Stories,World | Read More »

What is America’s fiscal cliff?

Come Jan. 1, Americans could face big tax increases coupled with draconian cuts in government programs if President Barack Obama and his Democrats are unable to hammer out a compromise with Republicans on fundamental changes in the way the country handles its finances.

Posted: November 19th, 2012 in CDN - Enterprise,Cebu Daily News | Read More »

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