Fiscal Cliff

12:00pm

Fri December 28, 2012
The Two-Way

Obama, Congressional Leaders To Discuss Deal To Avoid 'Fiscal Cliff'

Originally published on Fri December 28, 2012 4:50 pm

"The hour for immediate action is here. It is now," President Barack Obama said of a potential budget deal, after meeting with congressional leaders Friday.
Mandel Ngan AFP/Getty Images

Days before a budget crisis deadline will hit the U.S. economy, President Obama says, "I'm optimistic we may still be able to reach an agreement that can pass both houses in time."

The details of that agreement, which could avert automatic spending cuts and tax increases that are set to take effect on Jan. 1, would likely come from discussions between Senate Minority Leader Mitch McConnell (R-Ky.), and Majority Leader Harry Reid (D-Nev.).

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11:58am

Fri December 28, 2012
Planet Money

Understanding The 'Milk Cliff'

Originally published on Fri December 28, 2012 1:35 pm

Scott Olson Getty Images

10:28am

Fri December 28, 2012
Planet Money

What A Former FBI Hostage Negotiator Can Teach Us About The Fiscal Cliff

Originally published on Fri December 28, 2012 11:27 am

Drew Angerer Getty Images

The tortuous negotiations involved in the "fiscal cliff" talks are like a chess game.

To shed some light on the kinds of negotiation techniques that members of Congress might be using during the talks, we asked two negotiators to walk us through their tactics with examples from their everyday lives.

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7:34am

Fri December 28, 2012
The Two-Way

Little Hope, Low Expectations, Lots Of Gloom: 'Fiscal Cliff' Talk Is Dreary

Originally published on Fri December 28, 2012 10:10 am

Leaders will meet at the White House this afternoon.
Michael Reynolds EPA /LANDOV
  • David Welna on 'Morning Edition'

Yes, President Obama and congressional leaders are scheduled to meet at 3 p.m. ET to discuss how to avoid going over the so-called fiscal cliff of automatic tax increases and spending cuts.

But, no, that isn't inspiring much talk this morning of a breakthrough before the midnight New Year's Eve deadline:

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2:23pm

Thu December 27, 2012
It's All Politics

Federal Government Prepares For Uncertain Landing After 'Fiscal Cliff'

Originally published on Thu December 27, 2012 7:40 pm

With negotiations to avoid the "fiscal cliff" uncertain at best, the Obama administration is trying to tamp down anxiety in the federal workforce.

The administration's message to various federal agencies is that there will be little immediate effect on public employees from the budget cuts scheduled to take effect next week if a deal is not reached. Treasury Department employees, for instance, were told not to expect "day to day operations to change dramatically on or immediately after January 2."

For workers, of course, that's good news.

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