It’s beginning to look more and more likely government spending in the United States is going to be hit with one of the largest austerity packages in recent memory.
Congress may have pulled the country back from the “fiscal cliff” this week, but there are still some banner budget fights left for Washington to take up in the New Year.
At midnight, not only did the ball drop in Times Square, ushering in a New Year, but Congress dropped the ball on delivering the country meaningful deficit reduction.
The Sunshine State’s financial forecast was made a bit cloudy by the fiscal cliff deal reached by Congress on Tuesday. So was yours.
The bill to avert some of the fiscal cliff finally passed the House of Representatives late Tuesday night and did so with a largely bipartisan vote, especially from the Florida Congressional delegation.
The outline of a deal to avoid the so-called “fiscal cliff” is reportedly been made in the Capitol with just hours to go until the end of 2012.
As we bid adieu to 2012 and say ‘howdy’ to 2013, it’s time to take a look at this year’s List of Words to be Banished from the Queen’s English for Misuse, Overuse and General Uselessness.
If Congress manages to pass a feeble, last minute, deal on taxes it will be a deal that is long overdue. All of this could have been avoided.
As Congress runs out of time to reach a deal on the fiscal cliff, many people are concerned about what will happen in the new year.
Time is ticking for the Senate and the House as they meet Sunday in a last ditch effort to avoid the fiscal cliff.