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Al-Jazeera buys Current TV. Now what?

Al-Jazeera buys Current TV.  Now what?

With its purchase of left-leaning Current TV, the Pan-Arab news channel Al-Jazeera has fulfilled a long-held quest to reach tens of millions of U.S. homes. But its new audience immediately got a little smaller. The nation’s second-largest TV operator, Time Warner Cable Inc., dropped Current after the deal was confirmed Wednesday, a sign that the […]

House abandons political rhetoric, approves Senate bill averting ‘fiscal cliff’

House abandons political rhetoric, approves Senate bill averting ‘fiscal cliff’

Past its own New Year’s deadline, a weary Congress sent President Barack Obama legislation to avoid a national “fiscal cliff” of middle class tax increases and spending cuts late Tuesday night in the culmination of a struggle that strained America’s divided government to the limit. The bill’s passage on a 257-167 vote in the House […]

House Republicans throw monkey wrench into effort to avoid fiscal cliff

House Republicans throw monkey wrench into effort to avoid fiscal cliff

Emergency legislation to avoid the economy-threatening fiscal cliff ran into vehement New Year’s Day opposition from House Republicans, casting doubt on the divided government’s ability to prevent widespread tax increases and painful, across-the-board federal spending cuts. “I do not support the bill. We are looking, though, for the best path forward,” House Majority Leader Eric […]

Senate approves tax, spending deal 89-8

Senate approves tax, spending deal 89-8

Hours past a self-imposed deadline for action, the Senate passed legislation early New Year’s Day to neutralize a fiscal cliff combination of across-the-board tax increases and spending cuts that kicked in at midnight. The pre-dawn vote was a lopsided 89-8. Senate passage set the stage for a final showdown in the House, where a vote […]

Under Senate deal, economy dodges bullet for now

Under Senate deal, economy dodges bullet for now

A deal worked out by U.S. Senate leaders to avoid the “fiscal cliff,” was far from any “grand bargain” of deficit reduction measures. But if approved by the U.S. House of Representatives, it could help the country steer clear of recession, although enough austerity would remain in place to likely keep the economy growing at […]

A sour end to 2012: Will 2013 be better?

A sour end to 2012: Will 2013 be better?

Many Americans seem to be in a sour mood as 2013 begins, after Hurricane Sandy ravaged parts of the East Coast, a gunman massacred 20 school children in Connecticut and a long, contentious election campaign was followed by failure to resolve the “fiscal cliff” issue by year-end. Americans have not been very optimistic since the […]

Docs use blood thinners to treat Hillary Clinton’s clot

Docs use blood thinners to treat Hillary Clinton’s clot

Doctors treating Secretary of State Hillary Rodham Clinton for a blood clot in her head said blood thinners are being used to dissolve the clot and they are confident she will make a full recovery. Clinton didn’t suffer a stroke or neurological damage from the clot that formed after she suffered a concussion during a […]

Senate, White House reach tentative deal to avert fiscal cliff

Senate, White House reach tentative deal to avert fiscal cliff

Racing the clock, the White House reached a New Year’s Eve accord with Senate Republicans late Monday to block across-the-board tax increases and spending cuts in government programs due to take effect at midnight, according to administration and Senate Democratic officials. Under the deal, taxes would remain steady for the middle class and rise at […]

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 […]