According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion–a 41:1 ratio of tax increases to spending cuts.
Here is a summary of where things stand on the “fiscal cliff,” with just minutes to spare before the midnight deadline, after which the Bush tax cuts will expire and massive automatic spending cuts are implemented. The White House–meaning Vice
American Majority Action, the conservative group that’s leading the charge against House Speaker John Boehner continuing in his current position, said Monday evening that Boehner doesn’t have at least 50 percent of his House GOP members’ support for the fiscal
As fiscal cliff negotiations continue, Senate Republicans are attempting to replace the sequester with a new program that would look like this: $1.2 trillion in cuts would kick in two months from now, minus $24 billion in revenue from the
America is entering a new economic normal, a reality where almost everything that should be going up is going down, and everything that should be going down is going up. The United States begins 2013 in uncharted economic waters; America
Two prominent Occupy Wall Street movement activists have been arrested by the New York Police Department for allegedly possessing a cache of weapons and explosive material in New York City’s Greenwich Village. The Occupiers, Morgan Gliedman, 27, and Aaron Greene,
President Barack Obama delivered remarks from the White House on Monday afternoon on fiscal cliff negotiation progress in Congress, as Democratic and Republican leaders in the upper chamber appeared to iron out major issues pertaining to a fiscal cliff agreement:
Democrats market policy the same way they market candidates: leveraging the power of the media to make targeted ethnic appeals. When it comes to selling Obamacare to Californians, the plan involves $90 million worth of outreach augmented by partnerships with
If you’re not having as much fun as you expected this New Year’s Eve, take some comfort in the fact that the nation’s politicians are even more miserable. They just failed to avert the “fiscal cliff” of tax hikes and
We often think of “heroes” as people who go above and beyond average expectations, who stand up to those who would cause us harm or destruction, who risk their own interests in order to save something they perceive to be
Numerous sources report that the House of Representatives will not be able to vote on any Senate deal to avoid the “fiscal cliff” before the midnight deadline tonight, even if the Senate were able to reach agreement, which it has
While the Washington Post reports this afternoon that Congress is considering pushing off all cuts under a new deal to avert the fiscal cliff, top Republicans say that is absolutely false. The sequester cuts will either go through now, as
Ailing US Secretary of State Hillary Clinton had something to smile about from her hospital bed Monday when she was named the woman most admired by Americans, for the 17th time. Clinton topped the 2012 list compiled by Gallup, with
This afternoon, in one of the more bizarre appearances of his presidency, Barack Obama gave a televised address to a room full of supporters on the “fiscal cliff.” He broke no news, but mocked Congress, and hinted at future tax
In December, Google hired as its director of engineering Ray Kurzweil, 64, the “grand prophet” of something called “the Singularity”–the moment when machines will overtake human intelligence to such a level that “human life will be irreversibly transformed.” A graduate
By CHRISTINA REXRODEAP Business WriterNEW YORKOn Monday, the stock market was as choppy as the “fiscal cliff” deal-making that has been yanking it around. U.S. stocks struggled for direction on the last day of the year, with the “fiscal cliff”
In the wake of his reelection victory last month, President Obama has enjoyed a steady rise in his approval ratings. According to Gallup’s daily tracking poll, Obama’s approval rating reached 58% on December 21st, a 52-week high. Election winners typically
Iowa’s Democrat Senator Tom Harkin is balking at any offer to raise the tax hike threshold from $250,000 annually to $450,000 in late negotiations to prevent the federal government going over the “fiscal cliff.” The most recent offer being considered
Judicial Watch, the public interest group that investigates and prosecutes government corruption, today released its 2012 list of Washington’s “Ten Most Wanted Corrupt Politicians.” The list, in alphabetical order, includes: Rep. Vern Buchanan (R-FL) Secretary of Energy Steven Chu Secretary
Today, a high ranking source in the Senate informed Breitbart News that the chances of a Congressional deal being cut to avoid the fiscal cliff were “pretty strong,” despite President Obama’s deep desire to push America off the fiscal cliff.
(AP) Progress seen in last-minute ‘fiscal cliff’ talksBy ALAN FRAM and JULIE PACEAssociated PressWASHINGTONDemocrats and Republicans say signs of progress are emerging in urgent negotiations to avert the looming `fiscal cliff’ ahead of a midnight deadline. A person familiar with
Yesterday, he only threw for 100 yards against the Dallas Cowboys, but it was enough to lift the Washington Redskins to an unlikely NFC East division title and a spot in the NFL playoffs. Today, all Robert Griffin III would
In the final hours before the “fiscal cliff” becomes a reality, President Barack Obama has left talks to… Vice President Joe Biden, who is reported to be negotiating directly with Senate Majority Leader Mitch McConnell (R-KY). The Hill reported yesterday: “McConnell
Joshua Boston, a retired Corporal in the U.S. Marine Corps, has a message for Senator Dianne Feinstein (D, CA) concerning her newest gun banning bill. Corporal Boston says, “No Ma’Am.” Boston posted an open letter to Senator Feinstein at CNN’s
While appearing on Meet the Press on Dec. 30th, President Obama pledged to make gun control one of the central aims of 2013. He said he knows it won’t be easy — that “there will be resistance” — but that
Gun-Free School Zones have cost untold innocent lives since their implementation. And now, with so many Americans rallying behind the idea of armed guards and/or teachers in schools in the wake of the Newtown shooting, Political Media’s Larry Ward wonders
Washington D.C. lawmakers in both chambers left the capitol on early Sunday night after negotiations to avoid the fiscal cliff fell apart in the Senate. Senate Majority Leader Harry Reid (D – NV) said there is “still time left to
Congressman Jesse Jackson Jr.’s wife Sandi, a Chicago alderman, was called a traitor to the community by local grassroots activist Mack Glover. Glover’s accusation came during a December meeting about the housing and foreclosure problems in the black communities of
(Reuters) – U.S. Secretary of State Hillary Clinton was sent to the hospital on Sunday with a blood clot stemming from a concussion she suffered earlier this month and was being assessed by doctors, a State Department spokesman said. “In
In an attempt to seize total control over national security and bypass congress, a frightening new step by the Obama Administration is coming into play. As noted in Friday’s Wall Street Journal in an op-ed by John Bolton and John
US President Barack Obama put the blame squarely on Republicans for the failure so far to agree a deal to avert the fiscal cliff crisis, saying they can’t bear to raise taxes on the rich. Obama told NBC’s Meet the
By Sunday evening, Senate leaders form both parties were supposed to have reached an agreement on terms to avoid the “fiscal cliff” of tax hikes and spending cuts. The Democrat-led Senate was to have voted on the deal by Monday,
When President Obama appeared on the Meet the Press on Dec. 30, he made it clear that the same gun laws that have made Chicago a criminal’s paradise are going to be pushed on the entire country during 2013. This
President Barack Obama is encouraging legislators in his home state of Illinois to legalize gay marriage this week, according to the Chicago Sun-Times. The state only just established civil unions earlier in this legislative term. “While the president does not
As Colorado’s political policies create the need for more tax revenues, the state’s munchies-for-dollars may have been solved, or otherwise greatly alleviated. Growing marijuana, which has long been a huge cash crop for many Coloradans, is set to become legal
In his first appearance on the Sunday shows in over three years, President Barack Obama called the Newtown shooting the worst day of his presidency and vowed he would throw his “full weight” behind gun control measures and warned “there
One week after NBC’s “Meet the Press” host David Gregory apparently flouted DC gun laws by waving a high capacity gun magazine on television, President Barack Obama joined Gregory for an interview. Obama made it clear he planned on “putting
(Reuters) – President Barack Obama offered strong support for former Republican Senator Chuck Hagel as the potential next U.S. defense secretary but said in remarks aired on Sunday that he had not yet decided on a nominee for the Pentagon
(Reuters) – Financial markets would be affected adversely if U.S. lawmakers fail to agree on a “fiscal cliff” deal before Tuesday, President Barack Obama said in an interview broadcast on Sunday, while urging Congress to act quickly to extend tax
Morgan Spurlock, documentary filmmaker and self-described progressive, visited The Nation’s Gun Show, along with his camera crew, at the Dulles Expo Center in Chantilly, Virginia on Saturday. Best known for the anti-fast food film “Super-Size Me,” Spurlock visited the same gun show
