Tag Archive: fiscal cliff

Senate Rejects Short-Term Funding Bill

September 29, 2021 11:04 am Published by

On Monday, the Senate failed to advance a short-term funding bill, leaving Congress less than a week to come up with a plan to avoid a government shutdown on Oct. 1. 

Debt Ceiling Looms as Lawmakers Remain at Impasse

October 9, 2013 9:46 am Published by

Now, in the second week of the government shutdown, Republican and Democratic lawmakers remain deadlocked despite the quickly-approaching debt ceiling deadline of Oct. 17 when, absent some action, this breakdown in governing could hamper the government's ability to pay its bills and spark a global economic disaster.

Congress Passes Fiscal Cliff Deal

January 9, 2013 10:46 am Published by

Congress finally passed legislation to try and stem the damage from the so-called fiscal cliff, including several key tax provisions, however the conversation is far from over regarding sequestration and the deficit.

Fiscal Cliff Update: House Vote on “Plan B” Expected

December 19, 2012 12:32 pm Published by

While fiscal cliff discussions between President Barack Obama and House Speaker John Boehner (R-Ohio) continue, Boehner plans to hold a House vote on his so-called "Plan-B" legislation which would extend the Bush-era tax rates for all individuals earning less than $1 million annually.

Fiscal Cliff Talks at a Standstill

December 4, 2012 9:48 pm Published by

Negotiations over the fiscal cliff continued to be stalled as President Barack Obama and Republican leader’s trade proposals on how to avoid more than $600 billion in spending cuts and tax increases for 2013 that will start to take effect in January if Congress doesn’t act.

Fiscal Cliff Discussions Resume

November 14, 2012 1:42 pm Published by

Lawmakers returned to work this week on a host of issues. First up will be leadership elections and other non-tax issues, with action on the fiscal cliff and sequestration likely on hold until after the Thanksgiving break.

Sequestration: What it Means for Small Business

September 19, 2012 1:23 pm Published by

The Office of Management and Budget last week released a report to Congress detailing the expected impacts of sequestration on the federal budget which outlines what programs and agencies will likely be cut and by how much.