The process of pushing through those Bush tax cuts 12 years ago might seem like ancient history, but some say we could stand to go back in time and learn from it.
You've heard warnings about the economic disaster that could happen if Congress fails to avoid a fiscal cliff. But what is the fiscal cliff anyway? Sr. Producer Paddy Hirsch enlists the support of his friends Thelma and Louise in this…
Lawmakers have left Washington for the August recess without taking action on the so-called fiscal cliff. Businesses and investors are trying to prepare as best they can, but what can the rest of us do?
President Obama is calling for renewing the Bush tax cuts, except for those making $250,000 a year and more. Gallup's Frank Newport on what people think about that proposal.
The Presidential race this week can be summed up in a few words: Outsourcing, wealth, taxes, and jobs. How are American voters responding the latest week's news?
Commentator Robert Reich says lawmakers need to apply the brakes on automatic spending cuts and tax increases set to go into effect at the end of the year or the U.S. may face a new recession.
The non-partisan Congressional Budget Office released a study yesterday warning of a U.S. recession if lawmakers let the Bush-era tax cuts expire and enact a round of automatic spending cuts -- allowing for a 'fiscal cliff.'
If Congress doesn't do much this year, lets automatic cuts of $1.2 trillion kick in and the Bush tax cuts expire, that cuts $5 trillion from the deficit within a decade.