Mulvaney explains “no” vote on fiscal bill

America would have been better off driving off the “fiscal cliff,” says Rep. Mick Mulvaney. It would have only taken one paycheck of higher taxes to spark an outrage that would have placed the focus on the real issue, Mulvaney said: controlling federal spending. “It would have driven an outcry to change things,” Mulvaney said Wednesday from his Washington office.

House of Representatives pass fiscal cliff deal

Barack Obama praises passing of bill calling it a fulfilment of campaign promise to impose higher taxes on the wealthy America's long-running fiscal cliff crisis was finally resolved on Tuesday night when Congress voted in favour of a White House compromise that will impose tax rises on the wealthiest and spare the working-class and middle-class. Barack Obama, in a statement to reporters at the ...