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 deal in Washington to avoid the “fiscal cliff” will bring a reprieve to California’s slowly rebounding economy, but uncertainty remains in part because Congress delayed action on federal spending cuts.
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.
Los Angeles could face at least a $22 million shortfall if a deal isn’t reached in Congress by Tuesday to avoid the “fiscal cliff,” according to the city’s top budget analyst.
Even on Christmas Eve, the U.S. economy is moving closer and closer to the so-called “fiscal cliff.”
For the first time since 2009, the unemployment rate in California has fallen below 10 percent.
More than a month after the election, things continue to get worse for the GOP brand. The lead Republican spokesperson during the fiscal cliff negotiations, House Speaker John Boehner, has a 34 percent approval rating. President Obama has a 54 percent approval rating.
The president would do much better by staying in Washington, D.C. where the action is rather than taking a road tour-styled trip to talk to the American people. In D.C., he actually would be talking to the people who are going to make the decision with him.
Republicans built a trap for themselves, having for years passed bills with highly unpopular cuts and little public notice. Now Republicans will take the blame if we go over the fiscal cliff.
With one month to go before we reach the fiscal cliff, Republicans are going to have to figure out how to do something serious for a change instead of grandstanding and avoiding specifics.
Speaker John Boehner believes he holds a strong hand in fiscal cliff and debt limit talks. He is, once again, taking the global economy hostage and playing politics with the U.S. debt limit.
Obama is hoping to promote the discussion of the Bush tax cut extensions by getting people hooked on the topic and by getting them to use the #My2K hashtag on Twitter.
Most Americans who traveled during this Thanksgiving holiday came face to face with an American reality: while there is much to be thankful for, our infrastructure is not one of those things.
The Buck Starts Here wishes a happy Thanksgiving to our readers. For progressives there is much to be thankful for this year.
Grover is the ultimate in single interest constituencies in Washington. He is not accountable to anybody. He does not disclose who funds him, who pays him to do what he does or how much he is paid to blackmail GOP Members of Congress to sign his pledge not to raise taxes.