Fiscal Cliff

  • Fiscal cliff bill will help reduce deficit, says US President Barack Obama January 2, 2013

    The US Congress has approved a rare tax increase that will hit the nation's wealthiest households in a bipartisan budget deal that stops the world's largest economy from falling into a deep fiscal crisis and recession. ...
  • US fiscal cliff deal reached; Senate likely to vote January 1, 2013

    The agreement includes a balance of spending cuts and revenue increases to pay for the delay in the automatic spending cuts. ...
  • Connecticut school shooting worst day of my Presidency: Obama December 31, 2012

    As the year winds down to a close US President Barack Obama has said the school shooting at Newtown, Connecticut, was the worst day of his presidency. ...
  • Will avert fiscal cliff, says US President Barack Obama November 15, 2012

    Speaking at his first press conference since his re-election, US President Barack Obama said he would save the economy from hurtling down a fiscal cliff. ...
  • US: Barack Obama says fiscal deficit top priority November 10, 2012

    Flush with re-election vigor, US President Barack Obama took on the fiscal deficit issue calling for the House of Republicans to immediately pass a bill already approved by the Senate that would maintain current tax rates for middle-class Americans, while increasing taxes of wealthier citizens. Obama also said that fiscal deficit...
  • Can President Barack Obama save the US economy? November 8, 2012

    The Republicans have offered newly re-elected US President Barack Obama a short-term fix to the so called fiscal cliff, but insisted they would not cave in to tax increases to boost revenues. ...