Washington, it seems, likes to lurch from crisis to crisis. Just weeks ago it was the fiscal cliff, now we have the sequester and the possibility of $85 billion in cuts being phased in, starting March 1.
If you think this past week’s fiscal cliff deal puts an end to the partisan grid lock in Washington, guess again.
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.
The 21st annual Great American Think-Off question seems relevant given the recent national debate over the so-called “fiscal cliff.”
It doesn’t seem to be quite the deal that any politician in Washington wanted, but Congress and President Barack Obama did manage to steer the country away from the fiscal cliff.
Although the majority of the Minnesota delegation in the U.S. House and both Senators voted for the measure avoiding the cliff, it was a mixed bag and not necessarily along partisan lines.
When the U.S. House voted to approve a bill ending the automatic tax increases and spending cuts that took effect on Jan. 1 — the so-called fiscal cliff — they did it with less than 40 hours left in their terms.
Sen. Al Franken is glad a compromise was reached to avoid the so-called Fiscal Cliff.
It looks like milk prices won’t be going up. U.S. Senator Amy Klobuchar says the fiscal cliff compromise approved after midnight would extend the farm bill along with current prices for milk.
It appears tax increases across the board in the U.S. will not happen after a bill was passed overnight by the U.S. Senate to avoid going over the fiscal cliff.
A senior Democratic aide confirms to CBS News there’s a deal with Republicans on the fiscal cliff.
The House will miss the midnight Monday deadline lawmakers set for voting to avoid the “fiscal cliff.”
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.
Financial advisor Nicole Middendorf, CEO of Prosperwell Financial, says the biggest questions she getting about the upcoming “fiscal cliff” is “should I be doing something?”
Count Howard Bicker among those taking careful stock of the sputtering fiscal cliff talks in Washington.
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