Congress allows nation to go over 'cliff'

Congress allows nation to go over 'cliff' The United States fell off the "fiscal cliff" when Congress failed to prevent about $540 billion in tax increases, $110 billion in federal spending cuts and an abrupt stoppage of federal unemployment benefits from taking effect as scheduled at midnight Monday. The White House and Senate Republicans reached a deal late Monday to soften the landing - by ...

Obama huddles with labor on fiscal cliff

President Barack Obama huddles Tuesday with top labor union and progressive group leaders to get their take on the best way to handle the looming "fiscal cliff" — an economically toxic blend of tax hikes, spending cuts, and end of unemployment benefits. The get-together will occur behind closed doors one day before Obama hosts business [...]

2 million could lose unemployment benefits unless Congress extends program

More than 2 million Americans stand to lose their jobless benefits unless Congress reauthorizes federal emergency unemployment help before the end of the year. The people in danger of having their unemployment checks cut off are among those who have benefitted least from the slowly improving job market : Americans who have been out of work longer than six months. Read full article >>

2 million could lose unemployment benefits unless Congress extends program

More than 2 million Americans stand to lose their jobless benefits unless Congress reauthorizes federal emergency unemployment help before the end of the year. The people in danger of having their unemployment checks cut off are among those who have benefitted least from the slowly improving job market : Americans who have been out of work longer than six months. Read full article >>