This was supposed to be the crisis that wasn’t. Now, the impact of some of the expected local cuts would be felt all across the Delaware Valley.
You can call them “Fiscal Cliff II” or “sequestration” or anything else ominous, but to the groups who serve the unemployed and those on medical assistance, they’re just plain bad news.
If you’re saving for retirement in a 401K, you have a new option to consider thanks to the ‘fiscal cliff’ deal.
Most Americans avoided major changes after the fiscal cliff compromise was reached, but you’ll still see less take-home pay in 2013.
At midnight, not only did the ball drop in Times Square, ushering in a New Year, but Congress dropped the ball on delivering the country meaningful deficit reduction.
Pennsylvania’s two U.S. senators, Bob Casey and Pat Toomey, voted in favor of the deal to avoid the “fiscal cliff,” although Toomey did so reluctantly.
Multiple congressional sources tell CBS News that the two sides have agreed on an income threshold for the expiration of the Bush-era tax cuts for the wealthiest Americans: $400,000 for individuals and $450,000 for families.
If Congress manages to pass a feeble, last minute, deal on taxes it will be a deal that is long overdue. All of this could have been avoided.
According to CBS News, the “dairy cliff” is just the most immediate of what would be gradual price increases on foods across grocery stores if Congress doesn’t pass a farm bill to replace the one that expired nearly three months ago.
A composite view of seven Republican house lawmakers is that 38 ultraconservatives torpedoed John Boehner’s plan to a vote on a bill that was already rejected by Senate leadership but one that he tried to use as a bargaining chip.
Donors may be trying to beat potential tax code changes due to the ‘fiscal cliff’ by accelerating their charitable giving now.
More than a month after the election, things continue to get worse for the GOP brand. The lead Republican spokesperson during the fiscal cliff negotiations, House Speaker John Boehner, has a 34 percent approval rating. President Obama has a 54 percent approval rating.
Chris debates President Obama’s decision to institute a commission to examine and propose solutions to gun violence, discusses John Boehner’s “Plan B” to avert the fiscal cliff, and asks if you will cheer Andy Reid at the end of his Eagle’s tenure. He talks to Comedian Andrew Dice Clay about his New Year’s Eve Showtime special and Matt Ritter, the creator of the new show, Chained to My Ex on MSNBC.
Chris reviews Speaker of the House John Boehner’s “Plan B” to avert the fiscal cliff crisis, the continued media coverage of the Newtown school shooting, and the efforts to use the shooting to implement stricter gun control. He also talks to Author Clayton Cramer about the difficulties of institutionalizing the mentally ill.
In this new CBS News poll, only 50 percent think a budget-cutting, tax-stabilizing deal can be accomplished by Republicans and Democrats by New Year’s Day.