Fiscal cliff obama

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A primer on what you need to know about the Beltway bomb bruising Obama's honeymoon and threatening the economy.

Fiscal Cliff: Biden, McConnell making 'major progress' on deal, reports Politico

VP Biden and Senate Minority Leader McConnell are close to striking a deal before the US plunges over the fiscal cliff.

3 more fiscal cliffs the US faces in 2013

Though lawmakers have prevented the US from plunging over the Jan. 1 fiscal cliff, a few more cliff-like deadlines remain urgent.

Coined by Fed Chairman Ben Bernanke, “fiscal cliff” refers to a series of draconian tax increases and spending cuts scheduled to take effect at the start of 2013.

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