Three excellent reconstructions of the fiscal cliff talks have been released by the Washington Post, the National Journal, and Politico. Here are the juiciest and most important parts: Republicans did not believe President Obama would hold firm on
SACRAMENTO — The deal in Washington to avoid the "fiscal cliff" will bring a reprieve to California's slowly rebounding economy, but uncertainty remains in part because Congress delayed action on federal spending cuts. The agreement helps California
More disputes, and more disruptive ones to the economy, loom despite the fiscal-cliff settlement, an economist writes.
America's economy may not be in as bad a state as Europe's, but the failures of its politicians—epitomised by this week's 11th-hour deal to avoid the calamity of the “fiscal cliff”—suggest that Washington's pattern of dysfunction is disturbingly
By now, we've heard all about the big stuff in the fiscal cliff bill that finally passed on Tuesday. The Bush tax cuts will become permanent for all individual income below $400,000 (and family income below $450,000). The sequester spending cuts will
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