Jan 4, 2013 — Health care has been a major focus in recent budget battles. New legislation provides a temporary fix in payments for doctors, but it will be paid for by a decade of cuts to hospitals. And a program for long-term-care insurance won't ever get off the ground.
Jan 3, 2013 — By letting the House take up the Senate's fiscal cliff-dodging legislation that raises income tax rates on the wealthiest earners, Speaker John Boehner answered affirmatively a question that had been on many minds: Would he allow an up-or-down floor vote on a bill opposed by most fellow House Republicans?
Jan 2, 2013 — With the president in Hawaii and the bill back in Washington, D.C., a machine did the signing. That's been done before, and was declared to be legal by President George W. Bush's lawyers.
Jan 2, 2013 — Wall Street is joining a global rally. Though lawmakers didn't address all the issues, they did head off scheduled tax hikes and spending cuts.
Jan 2, 2013 — First there will be a fight over raising the debt ceiling. Then there's another deadline for deep spending cuts. It's like another Lord of the Rings trilogy — we know at least two more stories are coming and it's clear there's going to be a lot of nastiness before the day is (we hope) saved.
Jan 1, 2013 — The Senate-approved budget compromise that is meant to allow the U.S. government to avoid higher tax rates and austere budget cuts has tax rates as its central issue. We list some of the bill's effects, from tax credits to rising rates.
Jan 1, 2013 — The compromise deal, which was approved by the Senate earlier Tuesday, stops large tax increases for 99 percent of Americans and delays massive spending cuts for two months. The bill now goes to President Obama, who is expected to sign it into law.
Dec 31, 2012 — Vice President Joe Biden was meeting late Monday with Senate Democrats to brief them on a proposed deal to stop the sharp tax increases and spending cuts. The Senate may vote on the deal Monday night, but there will be no vote in the House until Tuesday at the earliest.
Dec 31, 2012 — Michigan's Lake Superior State University collects nominees for words or phrases that should be outlawed for "misuse, overuse and general uselessness." This year's No. 1 suggestion is all about the cliffhanger.
Dec 31, 2012 — Talks continue on a deal to avoid automatic spending cuts and tax increases. But with just hours to go before they kick in, an agreement remained elusive.