The fiscal cliff has been averted -- at least for now. But if we've managed to dodge one devastating, intentionally-created crisis, there are plenty more massive problems on deck. Here's a list of the next six ways Washington could mess things up for tens of millions of Americans.
After months of lead-up, America finally went over the fiscal cliff -- for about 34 hours, before a bipartisan compromise was reached. So, with an eye toward the bright side, here's are six things that you no longer need to worry about now that the fiscal cliff has been averted.
The fiscal cliff compromise on taxes leaves critical issues of borrowing, spending and budget cutting unaddressed, and lawmakers have given themselves only two months to settle their differences. Here's a look at what's been resolved and what they left hanging.
Working against a midnight deadline, negotiators for the White House and congressional Republicans in Congress narrowed their differences Monday on legislation to avert across-the-board tax increases.
As 2012 draws to a close, people in or nearing retirement face a stunning set of uncertainties about their finances and even basic health and retirement benefits. Here are 8 pressing money and issues that are bearing down on seniors.
Just two weeks before the economy-threatening "fiscal cliff" is due to kick in, both President Barack Obama and House Speaker John Boehner are making significant concessions to each other, backing off what had once been ironclad positions on how to avoid the huge automatic spending cuts and tax increases.
Sen. Tom Coburn has released his Wastebook 2012, a look at over $18 billion in projects that are bizarre and hard to justify. Admittedly, that's just a drop in the federal budget. But ... Thoreau-based video games? Robot squirrels?! Take a peek at our gallery of weird government expenditures.
More than 70 tax breaks enjoyed by individuals and businesses expired at the end of 2011. If Congress doesn't extend them retroactively back to the beginning of this year, a typical middle-class family could face a $4,000 tax increase when it files its 2012 return.
Back in July 2011, President Obama and Congress set the country on autopilot toward economic Armageddon to give themselves an incentive to reach a budget deal. It didn't work. As we stare over the fiscal cliff, let's take a quick look back at the path we took to get here.
One of the most contentious issues in the debate over how the U.S. government can increase its revenues involves the capital gains tax rate -- the rate investors pay on their profits. Here's what you need to know to understand just what both sides are arguing about.
Despite an intensifying pace, little progress is being reported in talks on averting automatic spending cuts and tax increases that economists fear could send the U.S. economy off a "fiscal cliff."
As the fiscal cliff fight between President Obama and congressional Republicans grows more heated, it's starting to look as if we might fall over the cliff. But what would this mean for your 2013 budget? We've rounded up the best fiscal cliff calculators we could find to help you figure that out.
The dealmakers who warn that a year-end plunge off the "fiscal cliff" would be disastrous don't seem to be rushing to stop it. Why aren't they panicking? Because those master procrastinators know that Washington deadlines are rarely firm, and they know precisely how they can finagle more time.
Polls about Americans' views on politics and the economy sometimes return results that baffle the well-informed. Public Policy Polling's latest poll helps explain why that may be: It reveals that a high percentage of people have no problem offering an opinion on topics they know nothing about.
Rep. Randy Forbes, who chairs the readiness panel of the House Armed Services Committee, has a fairly blunt view on the near future of the fiscal cliff talks: "I am fully expecting to see sequestration in some form beginning in January," he told AOL Defense in an exclusive interview. Here's what he thinks that will mean for the U.S. military.