fiscal cliff negotiations

Stocks Shoot Up as Investors Bet on 'Cliff' Deal

The stock market shot higher on Monday even as the "fiscal cliff" neared. By the time trading ended, Republicans and Democrats still hadn't reached a budget compromise %u2014- but investors were betting that they would.

Details of 'Fiscal Cliff' Deal Said to Emerge

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.

Fiscal Cliff Deal Likely to Tell a Tale of Trimmed Ambitions

Whether negotiated in a rush before the new year or left for early January, the fiscal deal President Barack Obama and Congress cobble together will be far smaller than what they initially envisioned as an alternative to purposefully distasteful tax increases and spending cuts.

Last-Ditch Efforts to Avoid the Fiscal Cliff Under Way

The end game at hand, the White House and Senate leaders made a final stab at compromise Friday night to prevent middle-class tax increases from taking effect at the turn of the new year and possibly block sweeping spending cuts as well.

Starbucks Cups to Come with a Political Message

The world's biggest coffee chain is asking employees at cafes in the Washington, D.C., area to scribble the words "Come Together" on cups for drink orders on Thursday and Friday. CEO Howard Schultz says it's intended as a message to lawmakers about the ongoing "fiscal cliff" negotiations.

Stocks Open Sharply Lower After GOP Cancels Vote

Stocks opened sharply lower Friday on Wall Street after House Republicans called off a vote on tax rates and left federal budget talks in disarray 10 days before sweeping tax increases and government spending cuts take effect.

House GOP Scraps Vote on Fiscal Cliff 'Plan B'

House Republicans abruptly scrapped a vote Thursday night on legislation allowing tax rates to rise for households earning $1 million and up, complicating attempts to avoid a year-end "fiscal cliff" that threatens to send the economy into recession.

Obama Social Security Offer at Odds with Top Democrats

President Obama's offer to limit the growth of Social Security benefits would cost the average retiree less than $50 in the first year. But the cuts would grow over time, and that has advocates for seniors worried that Democrats in Congress will break their promise to shield the program from cuts in deficit reduction talks.