Tag: fiscal cliff

• Thursday, November 15th 2012 - 06:38 UTC

  “A modest tax increase on the wealthy is not going to break their backs” said Obama

  

  President Obama has reiterated his call for high earners in the US to pay more in taxes, in his first news conference since winning re-election. He called for quick legislation to rule out tax rises on the first 250.000 dollars of income, but refused to extend cuts for the wealthiest 2%.

• Tuesday, November 13th 2012 - 23:00 UTC

  US public opinion pessimistic about a political agreement on the ‘fiscal cliff’

  

  A majority of Americans expect the US to go over the fiscal cliff at the beginning of 2013 and would blame Republicans if that happened, according to a poll published Tuesday. On Friday Democrat and Republican congressional leaders are scheduled to begin discussions.

• Saturday, November 10th 2012 - 05:08 UTC

  Next week takes off the ‘fiscal cliff’’ battle with meeting in White House of party leaders

  

  Newly re-elected President Barack Obama said on Friday the wealthy must pay more taxes under any political deal to avert a looming budget crisis. He said Congress must act against the so-called fiscal cliff, a package of tax rises and spending cuts due early next year.