Fiscal Cliff

6:27am

Sun November 11, 2012
Economy

How The Fiscal Cliff Would Hit The Economy

Originally published on Sun November 11, 2012 2:05 pm

President Obama and House Speaker John Boehner at the White House in July 2011. They are scheduled to meet at the White House again next week to discuss the looming fiscal cliff.
Carolyn Kaster AP

This week, President Obama will meet with congressional leaders to begin working out a deal to avert a budget calamity commonly known as the fiscal cliff.

Economists are unanimous in saying that if the leaders fail to keep the country from going over the "cliff," both the stock and labor markets will fairly quickly go "splat."

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4:29am

Sun November 11, 2012
NPR Story

Leading In Crisis: Lessons From Lyndon Johnson

Originally published on Sun November 11, 2012 10:36 am

Transcript

RACHEL MARTIN, HOST:

Making a deal to avert the fiscal cliff is going to take more than mere consensus on spending and taxes. It'll take political skill on the part of the president; the ability to leverage the power of his office to find new strategies and pressure points to break the gridlock. In short, he'll need to do what appears to be impossible.

ROBERT CARO: Part of the nature of political genius is that you can come along and do something where no one else can do it.

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5:28am

Sat November 10, 2012
NPR Story

Political Sparring Ahead Of Fiscal Cliff

Originally published on Sat November 10, 2012 9:29 am

Transcript

SCOTT SIMON, HOST:

And we're joined now by New York Times columnist Joe Nocera, who often joins us to talk about business and the economy. Joe, thanks for being with us.

JOE NOCERA: Thanks for having me, Scott.

SIMON: Did you hear anything from President Obama or Speaker Boehner that screams deal to you?

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3:26am

Sat November 10, 2012
Politics

Taxing Work Ahead: Have Negotiating Tables Turned?

Originally published on Sat November 10, 2012 11:38 am

President Obama speaks about the economy and the deficit at the White House on Friday. He says this time around, he has proof that Americans agree with his approach.
Carolyn Kaster AP

Republicans and Democrats agree: Election season may have ended just four days ago, but it's already time to get back to work. In this case, "back to work" might mean "back to fighting."

Leaders in both parties made their opening bids Friday on how to deal with the tax, spending and debt problems that face the country at the end of this year.

While the scenario echoes last year's spending battle, there are some differences that could push the parties toward the resolution they never reached last time around.

Where The President Stands

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4:12pm

Fri November 9, 2012
It's All Politics

The Upside To Plunging Off The Fiscal Cliff

Originally published on Fri November 16, 2012 10:17 am

With Congress on the edge of a fiscal cliff, set to occur Jan. 1, some say a fiscal plunge is exactly what's needed to break the political logjam.
iStockphoto.com

Now that the election is over, Washington is transfixed by the fiscal cliff, the automatic tax increases and spending cuts due to take effect Jan. 1 if nothing is done.

The sudden shock could seriously damage the economy.

But some Democrats and policy analysts are suggesting that going over the fiscal cliff could help break the political logjam.

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