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  • First cracks in GOP resolve on tax rates

    WASHINGTON (AP) — The first cracks are developing among Republicans over whether to accept a quick deal with President Barack Obama on allowing the top two income tax rates to …


  • Senate Dems divided over cuts to benefit programs

    WASHINGTON (AP) — Deep divisions among Senate Democrats over whether cuts to popular benefit programs like Medicare and Medicaid should be part of a plan to slow the government’s mushrooming …


  • GOP senator offers ‘fiscal cliff’ solution

    WASHINGTON (AP) — A freshman GOP senator is jumping into the debate on how to avoid a “fiscal cliff” of tax hikes and automatic spending cuts, advocating a mix of …


  • White House: Tax hike threat could hurt retailers

    WASHINGTON (AP) — Despite early signs of robust sales, White House economists warned Monday that the uncertainty of a potential hike in taxes next year for middle class taxpayers under …


  • White House calls fiscal cliff talks constructive

    WASHINGTON (AP) — The White House says President Barack Obama had a constructive meeting with congressional leaders on the looming “fiscal cliff” that could undermine the economy and slow job …


  • Obama presses GOP on taxing rich to avert ‘cliff’

    WASHINGTON (AP) — President Barack Obama challenged congressional Republicans Wednesday to let taxes rise on the wealthiest Americans on both economic and political grounds, noting he campaigned successfully for re-election …


  • THE RESET: Pelosi decision may affect budget talks

    House Democratic leader Nancy Pelosi’s decision to serve another term in that post will probably have a big influence on efforts by President Barack Obama and Congress to reach an …


  • Obama pressing business and labor on fiscal cliff

    WASHINGTON (AP) — In a challenge to Republicans, President Barack Obama urged Congress on Wednesday to extend expiring tax cuts immediately for all but the highest income earners as a …


  • Governors call for renewing wind energy tax credit

    The fate of a tax credit that advocates say is needed to maintain tens of thousands of wind energy jobs will be decided during high-stakes, last-minute negotiations between President Obama …


  • Obama: US can’t afford across-the-board tax hike

    WASHINGTON (AP) — President Barack Obama says the economy cannot afford a tax increase on all Americans and is calling on congressional Republicans to support an extension of existing tax …


  • Governors call for renewing wind energy tax credit

    The fate of a tax credit that advocates say is needed to maintain tens of thousands of wind energy jobs will be decided during high-stakes, last-minute negotiations between President Obama …


  • Congress faces agenda of unfinished business

    WASHINGTON (AP) — Congress returns Tuesday to a crowded agenda of unfinished business overshadowed by the urgent need for President Barack Obama and lawmakers to avert the economic double hit …


  • Fiscal cliff: Impasse on tax rates is big hurdle

    WASHINGTON (AP) — House Republicans’ hard line against higher tax rates for upper-income earners leaves re-elected President Barack Obama with a tough, core decision: Does he pick a fight and …


  • Fiscal cliff combines tax hikes, spending cuts

    WASHINGTON (AP) — So just what is this “fiscal cliff” that has the financial markets rattled and economists and policymakers alike in a tizzy over the potential for sending the …


  • Top Democrat wants quick deal on ‘fiscal cliff’

    WASHINGTON (AP) — The top Democrat in Congress called Wednesday for a quick solution to Washington’s “fiscal cliff” in an upcoming post-election session of Congress. At the same time, Senate …


  • US trade panel finds harm from China solar panels

    WASHINGTON (AP) — A federal trade panel found China responsible Wednesday for harming the U.S. solar panel industry, clearing the final hurdle for U.S. attempts to impose steep tariffs on …


  • Obama powers to re-election despite weak economy

    WASHINGTON (AP) — President Barack Obama rolled to re-election Tuesday night, vanquishing former Massachusetts Gov. Mitt Romney despite a weak economy that plagued his first term and put a crimp …


  • Obama, Romney battle over auto bailout in Ohio

    HILLIARD, Ohio (AP) — President Barack Obama and Republican rival Mitt Romney are turning the White House race in Ohio into a referendum on the auto bailout, an effort aimed …


  • Centrist Sen. Specter died fighting for moderation

    HARRISBURG, Pa. (AP) — Arlen Specter, a pugnacious and prominent former moderate in the U.S. Senate who developed the single-bullet theory in President John F. Kennedy’s assassination and played starring …


  • Ex-centrist Specter died fighting for moderation

    HARRISBURG, Pa. (AP) — Arlen Specter, a pugnacious and prominent former moderate in the U.S. Senate who developed the single-bullet theory in President John F. Kennedy’s assassination and played starring …


  • US affirms steep tariffs on China solar panels

    WASHINGTON (AP) — The Obama administration upheld steep tariffs on Chinese solar panels Wednesday, finding that improper trade practices have undermined an American solar industry that the largest U.S. manufacturer …


  • Amtrak ridership hits record high amid GOP attacks

    WASHINGTON (AP) — Amtrak trains carried 31.2 million passengers in the fiscal year ending in September, the highest annual ridership since the railroad was formed in 1971, the nation’s intercity …


  • Obama: Jobs report shows economy is on right track

    FAIRFAX, Va. (AP) — President Barack Obama says an encouraging jobs report shows that the country has made too much progress to turn back to the policies that he says …


  • First debate sets up moment of high-risk theater

    DENVER (AP) — President Barack Obama and Republican Mitt Romney come face to face for the first time in this presidential campaign Wednesday night for a nationally televised debate that …


  • Huge tax increase looms at year-end ‘fiscal cliff’

    WASHINGTON (AP) — A typical middle-income family making $40,000 to $64,000 a year could see its taxes go up by $2,000 next year if lawmakers fail to renew a lengthy …


  • Obama touts new auto case against China

    CINCINNATI (AP) — President Barack Obama says when it comes to unfair Chinese auto subsidies, he’s fighting back — but Mitt Romney’s mostly talk. Campaigning in Ohio, Obama announced a …


  • Obama makes fresh push on economy in key states

    BOSTON (AP) — Sensing an opening on the economy, President Barack Obama launched an aggressive new effort Saturday to convince voters in the most competitive states that Republican rival Mitt …


  • Shutdown averted but ‘fiscal cliff’ awaits

    WASHINGTON (AP) — Congress is moving to quash the threat of a government shutdown, but the prospect of a one-two punch of tax increases and slashing, automatic spending cuts will …


  • Fed unveils bold, open-ended steps to aid economy

    WASHINGTON (AP) — Alarmed by the chronically weak U.S. economy, the Federal Reserve launched an aggressive new effort Thursday to boost the stock market and make borrowing cheaper for years …


  • House passes 6-month spending bill

    WASHINGTON (AP) — The House voted Thursday to put the government on autopilot for six months, precluding a shutdown through the election and postponing a potential showdown on GOP vice …

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