Details of the tentative fiscal cliff deal

Highlights of a tentative agreement Monday between the White House and Senate Minority Leader Mitch McConnell, R-Ky., aimed at averting wide tax increases and budget cuts scheduled to take effect in the new year. The measure would raise taxes by about $600 billion over 10 years compared with tax policies that expire at midnight Monday. […]

Some progress reported in ‘fiscal cliff’ talks

Some progress reported in ‘fiscal cliff’ talks

Democrats and Republicans say signs of progress are emerging in urgent negotiations to avert the looming ‘fiscal cliff’ ahead of a midnight deadline. A person familiar with the negotiations says Democrats have offered to extend tax cuts for families making up to $450,000 a year and individuals making up to $400,000. President Barack Obama originally […]

Stuborn disputes delay hopes for deal to avoid ‘fiscal cliff’

Stuborn disputes delay hopes for deal to avoid ‘fiscal cliff’

The White House and Senate Republicans sorted through stubborn disputes over taxing the wealthy and cutting the budget to pay for Democratic spending proposals as Monday’s midnight deadline for an accord avoiding the “fiscal cliff” drew to within hours. Senate Minority Leader Mitch McConnell, R-Ky., spoke repeatedly Sunday to Vice President Joe Biden, a former […]

Secretary of State Hillary Clinton hospitalized with blood clot

Secretary of State Hillary Clinton hospitalized with blood clot

Secretary of State Hillary Rodham Clinton is under observation at a New York hospital after being treated for a blood clot stemming from the concussion she sustained earlier this month. Clinton’s doctors discovered the clot Sunday while performing a follow-up exam, her spokesman, Philippe Reines, said. He would not elaborate on the location of the […]

Over the fiscal cliff: A hard of soft landing?

Over the fiscal cliff: A hard of soft landing?

Efforts to save the nation from going over a year-end “fiscal cliff” were still in disarray as lawmakers returned to the Capitol to confront the tax-and-spend crisis. A tone-setting quotation was Democratic Sen. Harry Reid’s assertion that the House under Republican Speaker John Boehner had been “operating with a dictatorship.” President Barack Obama flew back […]

Last-minute Senate talks to avert fiscal disaster

Last-minute Senate talks to avert fiscal disaster

Senate leaders groped for 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 mean a “self-inflicted wound to the economy.” Obama chastised lawmakers in his weekly radio and Internet address for waiting until the […]

Last ditch effort for a ‘fiscal cliff’ deal in Senate

Last ditch effort for a ‘fiscal cliff’ deal in Senate

Senate leaders rushed to assemble a last-ditch agreement to avoid middle-class tax increases and possibly delay steep spending cuts in an urgent attempt to find common ground after weeks of postelection gridlock. An impatient President Barack Obama pressed top lawmakers to cut a deal, even one that falls short of the ambitions he and congressional […]

Last minute stab at ‘fiscal cliff” averting deal may be too little too late

Last minute stab at ‘fiscal cliff” averting deal may be too little too late

Amid partisan bluster, top members of Congress and President Barack Obama were holding out slim hopes for a limited fiscal deal before the new year. But even as congressional leaders prepared to convene at the White House, there were no signs that legislation palatable to both sides was taking shape. The Friday afternoon meeting among […]

Retired Gen. Norman Schwarzkopf dead at 78

Retired Gen. Norman Schwarzkopf dead at 78

┬áTruth is, retired Gen. H. Norman Schwarzkopf didn’t care much for his popular “Stormin’ Norman” nickname. The seemingly no-nonsense Desert Storm commander’s reputed temper with aides and subordinates supposedly earned him that rough-and-ready moniker. But others around the general, who died Thursday in Tampa, Fla., at age 78 from complications from pneumonia, knew him as […]