Government Finance Issues

Fiscal Cliff

White House: No debt deal unless tax rates on top earners go up

White House press secretary Jay Carney said Thursday there will be no deficit deal unless Republicans agree to raise tax rates on the wealthiest households.
“There can be no deal without rates on top earners going up,” said Carney, who reiterated that the president will not sign legislation that extends the Bush-era tax rates for the wealthy.

 

 

Bartiromo: ‘Fiscal Cliff’ Deal? Don’t Count on It 

The ongoing fight over the "fiscal cliff" may overshadow everything else as we get closer to the new year. Sadly, compromise seems hard to come by, even though the consequences of going over the cliff — hundreds of billions of dollars of spending programs that are set to expire, along with the largest tax increase since World War II for virtually all income levels — was specifically designed to force compromise.

Budget

Murray: Can't guarantee 2014 budget

Sen. Patty Murray (D-Wash.) confirmed Thursday that she will seek the chairmanship of the Senate Budget Committee next year but told The Hill that she cannot commit to doing a budget.