FISCAL CLIFF STORIES
America's leaders have threatened to shut the government down, drive it over a cliff and bounce it off the ceiling. Now they're ready to smack it with a "sequester." And it sounds like they mean it this time.
John Boehner is responding to the latest salvo from President Barack Obama, who today warned that the jobs of essential government workers are on the line because Republicans are unwilling to raise taxes to reduce deficits.
Sen. Saxby Chambliss had a warning Friday for President Barack Obama about the political fight over the budget.
In the wake of the fiscal cliff legislation that moved rapidly through Congress over the past few days, US News & World Report took a look at what other elements were in the $4 billion bill.
Although Congress gave themselves 60 more days to discuss the debt ceiling, Major General Robert McMahon says that could cause more problems if they don't come to an agreement.
Moody's Investors Service says Congress must go beyond its deal this week and come up with a plan to shrink the budget deficit if it wants to keep the U.S. government's top credit rating.
President Barack Obama is back in Hawaii for vacation after a tense, end-of-the-new-year standoff with Congress over the fiscal cliff.
A fight over taxes and spending is not over despite the House vote on the fiscal cliff late Tuesday, according to Congressman Austin Scott.
Dow Jones industrial futures are up 178 points to 13,205. The broader S&P futures have added 22.7 points to 1,442.80. Nasdaq futures are up 44.25 points to 2,699.50.
President Obama lauded the vote, saying it averts a series of tax hikes and spending cuts that could have plunged the nation back into recession.
Three Central Georgia members of the U.S. House of Representatives voted no, while Democrat Sanford Bishop kept in step with party.
Barrow wrote he could not support the plan that he said, does nothing to address the debt or make necessary spending cuts.
In an exclusive New Years' Day interview with 13WMAZ, Central Georgia congressman Paul Broun blasted the bipartisan bill to avert the fiscal cliff passed by the Senate.
Virginia Rep. Eric Cantor told reporters after a two-hour closed-door meeting Tuesday with his GOP lawmakers that he did not support the bill.
Shortly after the Senate vote, President Obama said, "While neither Democrats nor Republicans got everything they wanted, this agreement is the right thing to do for our country and the House should pass it without delay."
The senators, both Republicans, both said President Obama and Congress need to get serious now about spending cuts, including trimming entitlements.
The news comes after congressional leaders said no votes would happen tonight on a fiscal cliff compromise.
The House will miss the midnight Monday deadline lawmakers set for voting to avoid the "fiscal cliff."
Obama says deal to avert fiscal cliff is 'within sight' but not done yet.
Negotiations stalled Sunday on Capitol Hill where Senate leaders are trying to find a compromise to avert year-end tax hikes and spending cuts.
Congress reconvenes today. Bipartisan Senate leaders have been trying to reach a budget deal to avert the Fiscal Cliff.
Says "Americans elected President Obama to lead, not cast blame."
Obama spoke as Senate Democratic and Republican leaders work this weekend on a deal.