Senate Rejects Short-Term Funding Bill
September 29, 2021 11:04 amOn 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.
Tag Archive: fiscal cliff
Debt Ceiling Looms as Lawmakers Remain at Impasse
October 9, 2013 9:46 amNow, 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 amCongress 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 pmWhile 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 Continue but Action Still Delayed
December 12, 2012 4:55 pmHouse Speaker John Boehner (R-Ohio) and President Barack Obama met earlier this week in an attempt to hammer out a solution to the looming fiscal cliff and sequestration, unfortunately, little progress has been made.
Fiscal Cliff Talks at a Standstill
December 4, 2012 9:48 pmNegotiations 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 pmLawmakers 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 pmThe 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.
