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Fiscal Cliff Notes

Sleeping Bear Dunes sees effects of federal cuts

8:00 AM, Mar 19, 2013

Officials with Sleeping Bear Dunes National Lakeshore say they're making cuts because of the automatic reduction in the federal budget.

Presidential advisors disagree on sequestration

3:25 PM, Mar 1, 2013

Key advisors for the nation's last two presidents disagreed here Friday on the cause of the federal budget sequestration that will lop off $85 billion off federal spending. 

Amash: Sequester won't affect Mich. much

2:28 PM, Mar 1, 2013

Obama, congressional leaders meet on sequester

8:10 AM, Mar 1, 2013

President Obama and congressional leaders meet Friday ahead of the deadline for the sequester, $85 billion in automatic budget cuts that both sides say will be bad for the economy.

Military cuts could cost Mich. millions

10:23 AM, Feb 20, 2013

Budget cuts by the Air Force, Army and Navy scheduled to take effect March 1 will force almost $34 billion in wage and spending reductions and prompt furloughs or layoffs for millions of people, according to documents obtained by USA TODAY.

Deficit hawks: Skirt the sequester

12:46 PM, Feb 19, 2013

Congress faces a March 1 deadline to find an alternative to $85 billion in widespread spending cuts from defense and social programs, which threaten to slow economic progress.

Obama seeks short-term plan to avoid cuts

3:02 PM, Feb 5, 2013

Major cuts to defense and education programs "will cost us jobs and slow down our economy," Obama said during brief remarks at the White House.

House GOP ready to raise debt limit

3:22 PM, Jan 18, 2013

House Republicans said Friday they intend to extend the nation's borrowing authority for three months, but will not agree to a long-term increase on the debt limit until both chambers of Congress approve a budget.

Fiscal cliff to delay processing of tax returns

8:51 PM, Jan 9, 2013

The Internal Revenue Service said today that it will begin processing individual tax returns on Jan. 30 -- roughly a week later than some tax experts had expected.

Expect a 2% tax hike on your paycheck

6:09 PM, Jan 4, 2013

With the new year, people are starting to pay an additional 2% out of their paycheck -- a so-called "payroll tax" -- going to Social Security.

Stocks rally on relief from "fiscal cliff"

10:54 AM, Jan 2, 2013

At one point, the Dow Jones industrial average was up more than 270 points.

Amash, Huizenga raise concerns over fiscal cliff deal

8:01 AM, Jan 2, 2013

Taking to Twitter to express himself, U.S. Rep. Justin Amash of Cascade Township blasted the agreement to avoid the so-called fiscal cliff, saying it increases spending without making tough fiscal decisions.

Advice for your finances following fiscal cliff deal

7:58 AM, Jan 2, 2013

While Congress avoided the fiscal cliff, it's now up to you to turn fiscally responsible with your finances, to avoid your own mess down the road. A financial advisor offers tips.

House passes fiscal cliff plan, bill heads to Obama's desk

11:21 PM, Jan 1, 2013

The measure would extend Bush-era tax cuts for family incomes below $450,000 and briefly avert across-the-board spending cuts set to strike the Pentagon and domestic agencies this week.

'Fiscal Cliff' negotiations at standstill

7:27 PM, Dec 30, 2012

President Obama said he remains hopeful Congress will reach a deal to avert the "fiscal cliff," but negotiations stalled Sunday afternoon on Capitol Hill where Senate leaders are trying to find a compromise to avert year-end tax hikes and spending cuts that threaten U.S. economic recovery.

A pro negotiator's view of fiscal cliff talks

9:33 AM, Dec 29, 2012

Pat White, an attorney with the Varnum law firm in Grand Rapids, says it makes tactical sense to do what Congressional leaders are doing.

Obama: Senate will try to strike fiscal cliff deal

9:31 PM, Dec 28, 2012

President Obama and congressional leaders did not come to terms Friday on a short-term plan to avoid the tax hikes and budget cuts that kick in next week with the so-called "fiscal cliff."

Ehlers predicts fiscal cliff compromise

7:33 AM, Dec 28, 2012

"I was generally the peacemaker," he recalls. "I'm not the person who digs in his heels and says, 'You are a bunch of idiots and I'm not going to deal with you'.

Congress returning for fiscal cliff showdown

3:58 PM, Dec 27, 2012

House Republican leaders told lawmakers to return to Washington on Sunday, setting the stage for a dramatic final act in this Congress to avert the year-end "fiscal cliff."

Starbucks' stance on the looming fiscal cliff

9:34 PM, Dec 26, 2012

The baristas at Starbucks are going to use the cups to send a message to the nation's leaders about the fiscal cliff.

Latest on Fiscal Cliff talks in D.C.

10:51 AM, Dec 21, 2012

House Speaker John Boehner says he's still open to talks with President Barack Obama on avoiding the double economic hit of automatic tax hikes and spending cuts but he needs Obama to compromise more.

"Fiscal cliff" could lead to $6 per gallon milk

8:17 PM, Dec 20, 2012

A gallon of milk could skyrocket to at least $6 a gallon, if Congress doesn't reach an agreement, before the so-called "fiscal cliff." 

Obama, Boehner clash over fiscal cliff

8:22 PM, Dec 19, 2012

Fiscal Cliff Notes: Your Paycheck

5:57 PM, Dec 19, 2012

Fact: If Congress and the White House don't reach an agreement, your paycheck is going to go down. The reason?

'Fiscal cliff' and Michigan government suppliers

3:54 PM, Dec 19, 2012

The prospect of Congress' failure to soon agree on spending and revenues could trigger an immediate cut to defense spending of $50 billion or more -- and some of that money is spent in West Michigan.

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