Fiscal Cliff

There are less than three weeks to go until Washington's latest budget deadline -- the $85 billion spending cut package known as the sequester.

Taxpayers will have to wait eight extra days to file returns to give the IRS time to absorb tax changes in the fiscal cliff deal.

Even with a new tax break for upgraded train tracks, short line railroads have trouble picking up business.

The fiscal cliff deal raises taxes on individuals making at least $400,000 and couples making at least $450,000. Of course, 400 plus 400 does not equal 450. So what's going on?

Immediately following the fiscal agreement, U.S. stocks had their best week in more than a year last week, but will the optimism last?

Americans are already being greeted with smaller paychecks thanks to new tax rates. How taxpayers at different income levels will br affected.

Steve Presser, proprietor of Big Fun toy store in Cleveland, says although the deal to avert the fiscal cliff eases uncertainty among consumers, the payroll tax increase raises a whole other list of issues.

The short-term stimulus plan had pumped billions into the economy.

The 2 percent payroll tax rise means that a person who earns $50,000 a year will pay $1,000 more in taxes.

European stocks scored gains in early trading after the United States reached a deal to avoid the fiscal cliff, but will the optimism last?