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112th United States Congress

Congress approves fiscal cliff compromise, but battle is far from over

Global Politics

Congress approved a fiscal cliff bill Tuesday night, after weeks of broken deals and failed compromises. But the battle is far from over as conservatives push for dramatic increases in spending cuts in exchange for raising the country’s debt limit, as soon as March.

Obama, Boehner aiming for post-Christmas deal to avoid fiscal cliff

Business, Economics and Jobs

Politicians deadlock on agreement to avert fiscal cliff cuts, hikes

Global Politics

Politicians surprise, reach bipartisan agreement on six-month budget extension

Global Politics

Reports: Republicans give in, agree to temporary unemployment benefit, payroll tax extension

Global Politics

Republicans, Democrats at odds over payroll tax cut, unemployment extensions

Global Politics

Senate Democrats and House Republicans are disagreeing again over how to extend a payroll tax cut and unemployment benefits. House Speaker John Boehner backed away from the compromise on Sunday, leading Democratic Sen. Chuck Schumer to compare negotiating with him to nailing Jell-o to the wall.

Reports: Deficit super committee fails to reach agreement

Global Politics

The Super Committee in Congress was supposed to rise above the partisan divide and find a way forward for the necessary deficit reduction in Congress, but now signs indicate that the group of 12 senators and representatives have failed.

Deadline looms for Super Committee action on federal deficit, budget (with video)

Global Politics

With a mandate to implement $1.2 trillion in budget cuts or new revenue by next Wednesday, signs are emerging that the Congressional Super Committee may try to punt its responsibility to other committees.

Debt ceiling plan infuriates conservatives

Global Politics

Senate Rep. leader Mitch McConnell’s plan would allow the president to increase the federal debt limit without Congressional approval.

House Set to Adjourn Without Voting on Sandy Relief Package

The 112th Congress may have avoided a disaster by striking a last-minute compromise on the fiscal cliff –but that’s not the feeling among thousands in the New York/New Jersey region today. The House seems set to adjourn without having voted on an aid package for the victims of Hurricane Sandy. That means the $64 billion […]