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Economy

President Barack Obama waves to reporters as he steps off the Marine One helicopter and walks on the South Lawn at the White House in Washington, Thursday, Dec. 27, 2012, as he returns early from his Hawaii vacation for meetings on the fiscal cliff. (AP Photo/Charles Dharapak)

White House meeting a last stab at a fiscal deal

Jim Kuhnhenn, Associated Press
WASHINGTON (AP) - Congressional leaders have arrived at the White House for a meeting with President Barack Obama in an eleventh-hour effort to avert a fiscal cliff...
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Chip Somodevilla/Getty Images

Fiscal cliff debate shows Tea Party is here to stay

Perry Bacon Jr.
theGRIO REPORT - Rumors of the demise of the Tea Party have been greatly exaggerated...
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President Barack Obama delivers remarks while First Lady Michelle Obama listens as they visited military personnel eating Christmas Dinner at Anderson Hall at Marine Corps Base Hawaii on December 25, 2012 in Kaneohe Bay, Hawaii. The president and his family spend the Christmas holiday in Hawaii, Obama's birthplace. (Photo by Kent Nishimura - Pool/Getty Images)

Obama to fly home early as 'fiscal cliff' looms

Matthew Daly, Associated Press
HONOLULU (AP) - President Barack Obama was cutting short his traditional Christmas holiday in Hawaii, planning to leave for Washington on Wednesday evening as a year-end deadline loomed before the U.S. economy goes over the so-called 'fiscal cliff'...
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President Barack Obama smiles as he speaks about the economy at the Daimler Detroit Diesel engine plant December 10, 2012 in Redford, Michigan. The President and Congress have not yet come to an agreement regarding how to extend the Bush-era tax cuts, which expire at the end of this year (the so-called 'fiscal cliff'). Republicans in Congress want the tax cuts to continue to apply to all tax payers, whereas the President wants them to apply only to tax payers who earn less than $250,000 a year. (Photo by Bill Pugliano/Getty Images)

Poll: Public trusts Obama more than the GOP

Mark Murray, NBC News Senior Political Editor
NBC NEWS - An overwhelming majority of Americans want Congress and the Obama White House to reach a deal featuring both tax increases and spending cuts to avert the so-called fiscal cliff, according to the latest national NBC News/Wall Street Journal poll...
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President Barack Obama answers reporters' questions during a news conference in the Brady Press Briefing Room at the White House June 8, 2012 in Washington, DC. Obama called the last-minute announcement to talk about the domestic and international economies and encourage Congress to pass his 'paid-for ideas' on job creation. (Photo by Chip Somodevilla/Getty Images)

US could survive going off 'cliff'

Christopher S. Rugaber, AP Economics Writer
WASHINGTON (AP) - It's the scenario that's been spooking employers and investors and slowing the U.S. economy...
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REDFORD, MI  - DECEMBER 10:  U.S. President Barack Obama speaks about the economy at the Daimler Detroit Diesel engine plant December 10, 2012 in Redford, Michigan. The President and Congress have not yet come to an agreement regarding how to extend the Bush-era tax cuts, which expire at the end of this year (the so-called "fiscal cliff"). Republicans in Congress want the tax cuts to continue to apply to all tax payers, whereas the President wants them to apply only to tax payers who earn less than $250,000 a year.  (Photo by Bill Pugliano/Getty Images)

Obama looks to use political capital in 'fiscal cliff' negotiations

Tom Raum, Associated Press
(AP) - President Barack Obama is trying to spend what former President George W. Bush called 'political capital'...
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Job Fair Held In New York City (Getty Images)

US unemployment falls to 7.7 percent, 4-year low

Christopher S. Rugaber, Associated Press
WASHINGTON (AP) i The U.S. economy added a solid 146,000 jobs in November and theunemployment rate fell to 7.7 percent, the lowest since December 2008. The government said Superstorm Sandy had only a minimal effect on the figures...
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poverty-in-america-16x9

Which budget cuts are killing our communities?

Trymaine Lee, NBC News
NBC NEWS - For cities and rural towns across the country, as well as nonprofits like Baltimore Reads, officials are struggling to maintain programs offered to low- and moderate-income residents...
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(Getty Images)

Can blacks survive a fall off the 'fiscal cliff'?

theGrio
theGRIO REPORT - The White House Thursday released a fact sheet illustrating the importance of resolving the debate of the "fiscal cliff" for African-Americans, showing black families could see their taxes rise by up $4,500...
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HATFIELD, PA  - NOVEMBER 30: US President Barack Obama delivers remarks at The Rodon Group manufacturing facility on November 30, 2012 in Hatfield, Pennsylvania. The President continues making the public case for action by visiting the toy manufacturer that depends on middle class consumers and could be impacted if taxes go up on 98 percent of Americans at the end of the year. (Photo by Jessica Kourkounis/Getty Images)

Obama insistent on tax hikes for wealthy in 'fiscal cliff' deal

Steven R. Hurst, Associated Press
WASHINGTON (AP) - The White House has laid out its vision for pulling back from the looming 'fiscal cliff' and now demands that opposition Republicans get specific about their plan to prevent what many economists predict would mean a return to recession and spiking unemployment in a still-fragile U.S. economy...
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