fiscal cliff - updates

Rappler's latest stories on fiscal cliff

ARTICLE FINDER

Obama warns against 'dangerous game' with debt ceiling

Jan 05, 2013 - 11:13 PM

But the Democratic president also congratulated lawmakers for passing an 11th hour deal that avoided the so called fiscal cliff

AFP photo

Fiscal cliff act to cut remittances to PH

Jan 05, 2013 - 4:07 PM

The American Taxpayers Relief Act forces Filipinos in the US to pay 33 more in taxes

New US Congress faces broader fiscal battles

Jan 04, 2013 - 9:26 AM

The 113th US Congress featuring dozens of new faces in the House and Senate convenes fresh from the year end fiscal cliff fiasco as lawmakers cast a wary eye toward the tough budget battles ahead

'Fiscal cliff' deal lifts peso to near 5-yr high

Jan 03, 2013 - 9:23 PM

The Philippine peso was worth P40 77 to a dollar on January 3 a day after the US the world s largest economy resolved its fiscal cliff issue

STRONGER PESO. The local currency has been appreciating against the dollar. Photo from AFP

Obama signs 'fiscal cliff' bill into law

Jan 03, 2013 - 2:01 PM

The White House said that Obama late on Wednesday signed the American Taxpayer Relief Act of 2012 raising taxes on households earning above 450 000 and delaying spending decisions for two months

A view of the White House December 31, 2012 in Washington, DC. AFP PHOTO/Brendan SMIALOWSKI

US Congress finally averts fiscal cliff

Jan 02, 2013 - 9:55 AM

UPDATED After bitter New Year brinksmanship the US Congress finally backed a deal to avert a fiscal cliff of tax hikes and massive spending cuts that had threatened to unleash economic calamity

SAVED FROM THE EDGE. Members of the House of Representatives, including Rep. Jason Chaffetz (R-UT) (L), leave after voting for legislation to avoid the "fiscal cliff" during a rare New Year's Day session January 1, 2013 in Washington, DC. Voting 257-167, the House passed a bill that the Senate passed the night before, clearing the way for President Barack Obama to sign the legislation to avoid the "fiscal cliff." Chip Somodevilla/Getty Images/AFP

Drama as Republicans decide 'fiscal cliff' fate

Jan 02, 2013 - 8:42 AM

Hopes of a timely vote in the House of Representatives on Tuesday to nudge the deal into law were dashed as Republicans complained it did not include spending cuts to social programs that swell the deficit

The U.S. Capitol illuminates at dusk on Capitol Hill on December 31, 2012 in Washington, DC. Drew Angerer/Getty Images/AFP

US fiscal cliff solution goes to Republican House

Jan 01, 2013 - 10:46 PM

The US House of Representatives is set to take up the deal to avert the fiscal cliff

US reaches last-minute deal on 'fiscal cliff'

Jan 01, 2013 - 11:20 AM

UPDATED The White House and top Republicans struck a deal late Monday December 31 to avert huge New Year tax hikes and spending cuts known as the fiscal cliff that had threatened to send the US economy into recession

The U.S. Capitol illuminates at dusk on Capitol Hill on December 31, 2012 in Washington, DC. Drew Angerer/Getty Images/AFP

Word gurus banish 'fiscal cliff'

Jan 01, 2013 - 11:12 AM

Find out the other words that made it to the banish list

NO TO 'FISCAL CLIFF.' The word tops LSSU's list of words that should be banished in 2013. Image from the school's Facebook page

No deal yet, as US teeters on fiscal cliff edge

Jan 01, 2013 - 12:49 AM

US Senate leader Harry Reid says Democrats and Republicans are still negotiating a fiscal cliff deal

US stocks edge higher on fresh hopes for fiscal cliff deal

Dec 31, 2012 - 10:59 PM

US stocks traded higher amid hope for a last minute deal to avoid the fiscal cliff

CLOCK TICKING. (L-R) Represenatives Joseph Crowley (D-NY), John Larson (D-CT), and Xavier Becerra (D-CA) hold a news conference about jobs and the 'fiscal cliff' on Capitol Hill, December 30, 2012 in Washington, DC. The House and Senate are both in session today to deal with the looming 'fiscal cliff.' issue. Drew Angerer/Getty Images/AFP

Drama in Washington as fiscal cliff looms

Dec 31, 2012 - 8:41 AM

Leaders in deeply polarized Washington groped Sunday December 30 for a stop gap deal to avert a fiscal calamity due to strike in a matter of hours and with potential to shock markets and spark global economic turmoil

The Capitol Dome is seen through the glass in the Captitol Visitors Center on Capitol Hill, on December 27, 2012 in Washington, DC. Drew Angerer/Getty Images/AFP

Obama calls for avoiding middle class tax hike

Dec 29, 2012 - 9:45 PM

US President Barack Obama urged Congress to protect the middle class from an income tax increase and lay the groundwork for future economic growth as Senate leaders began work to avoid a fiscal cliff

US President Barack Obama speaks following a meeting with congressional leaders in the Brady Briefing Room of the White House on December 28, 2012 in Washington, DC. AFP PHOTO/Mandel NGAN

US stocks fall ahead of new 'fiscal cliff' meeting

Dec 28, 2012 - 11:46 PM

US President Obama is slated to meet top congressional leaders on the fiscal cliff on Friday December 28

Obama returns to Washington as fiscal cliff battle heats up

Dec 28, 2012 - 7:27 AM

President Barack Obama cuts short his Hawaii vacation 4 days before a deadline to agree on a deal on tax and spending

Obama calls for scaled-back 'fiscal cliff' package

Dec 22, 2012 - 8:12 AM

US President Barack Obama Friday told lawmakers: go home and drink some Christmas egg nog before coming back to Washington

US President Barack Obama speaks on the economy and fiscal cliff negotiations after touring the Daimler Detroit Diesel Plant in Redford, Michigan, December 10, 2012. AFP PHOTO / Saul LOEB

Hopes dive of deal to avoid US fiscal cliff

Dec 21, 2012 - 9:01 AM

The White House accuses Republicans of walking away and mounting futile diversionary votes as hopes plunged of a deal to stave off a damaging year end fiscal crisis

US President Barack Obama speaks on the economy and fiscal cliff negotiations after touring the Daimler Detroit Diesel Plant in Redford, Michigan, December 10, 2012. AFP PHOTO / Saul LOEB

Obama demands Republicans compromise on fiscal cliff

Dec 20, 2012 - 7:37 AM

US President Barack Obama leaned heavily on Republicans Wednesday December 19 to come to terms on a deficit reduction deal by year s end to avert the fiscal cliff crisis of sweeping tax hikes and spending cuts

US President Barack Obama speaks on the economy and fiscal cliff negotiations after touring the Daimler Detroit Diesel Plant in Redford, Michigan, December 10, 2012. AFP PHOTO / Saul LOEB

(UPDATED) Obama meets Boehner, fiscal cliff deal may be near

Dec 18, 2012 - 11:49 AM

US President Barack Obama held fresh talks with top Republican lawmaker John Boehner at the White House on Monday December 17 in their latest effort to reach a deal to avoid the so called fiscal cliff

Obama stands firm on tax after Boehner talks

Dec 11, 2012 - 9:49 AM

US President Barack Obama said Monday December 10 he was ready to compromise a little bit to head off a tax and austerity crisis but warned he would not budge on making the rich pay more

US President Barack Obama speaks on the economy and fiscal cliff negotiations after touring the Daimler Detroit Diesel Plant in Redford, Michigan, December 10, 2012. AFP PHOTO / Saul LOEB

Obama meets with top Republican on fiscal cliff

Dec 10, 2012 - 8:12 AM

US President Barack Obama and House of Representatives speaker John Boehner met Sunday December 9 to discuss the so called impending fiscal cliff of steep tax hikes and spending cuts

'Obama must step up to resolve fiscal cliff'

Dec 06, 2012 - 10:35 AM

Republicans warn President Barack Obama that he must take the lead on negotiations over the so called fiscal cliff and present a solution that could pass both the House and Senate

Obama to Republicans: raise taxes on rich or no deal

Dec 05, 2012 - 8:28 AM

US President Barack Obama warned Republicans Tuesday December 4 there would be no deal on averting a potentially disastrous fiscal crisis without them caving in to his demand to raise tax rates on the rich

US President Barack Obama speaking during an interview with Bloomberg Television, posted on the news organization's site December 4, 2012. Frame grab courtesy of Bloomberg Television.

US Republicans make 'fiscal cliff' counter-offer

Dec 04, 2012 - 10:36 AM

Calling Obama s plan neither balanced nor realistic Republicans instead propose 1 2 trillion in government spending cuts over 10 years that take sharp aim at benefits in the huge Medicare health insurance program for seniors

PH, others have stake in US fiscal cliff pact - economist

Dec 03, 2012 - 5:39 PM

Middle income countries like the Philippines not the poorest of the poor will likely be affected if both Democrats and Republicans do not reach an agreement on US President Obama s fiscal cliff offer

FISCAL CLIFF. Economist James Robinson says trade links between the US and middle income countries, including the Philippines, make the fiscal cliff an issue beyond US politics. Photo by Zak Yuson

Republicans reject 'ridiculous' Obama fiscal cliff offer

Nov 30, 2012 - 11:31 AM

Republicans rejected as ridiculous a White House plan to raise 1 6 trillion in new taxes over the next decade

Fiscal cliff rattles markets as Obama, lawmakers urge fix

Nov 29, 2012 - 11:03 AM

US President Barack Obama calls for a pre Christmas deal with Republicans to avert a tax and deficit crunch as pressure mounted from the business world and Europe and stock markets fluttered

US pushing 'jobs diplomacy' after costly wars: Clinton

Nov 17, 2012 - 3:03 PM

US foreign policy is being reoriented to promote American economic interests after Washington was tied down by two wars in the past decade Secretary of State Hillary Clinton said Saturday November 17

IMF warns US against cutting deficit too fast

Jul 03, 2012 - 11:16 PM

IMF estimates 2012 US economic growth at 2 down from April s forecast of 2 1