Fiscal Cliff
Federal debt, budget deficit are nation's real fiscal cliff
The media might tell you there is safety from the fiscal cliff for now. The real fact is that both parties failed to do the right thing and make real budget cuts to reduce the out-of-control government spending.
How much do we pay Congress for its poor service?
Has it ever been disclosed to the U.S. taxpayer what we pay congressmen to run our country? Their vote this year almost gave themselves a new pay raise. Do these pay raises come each year?
Donnelly takes oath to represent Indiana in U.S. Senate
INDIANAPOLIS | Demonstrating the bipartisanship he's promised will define his tenure in office, U.S. Sen. Joe Donnelly, D-Ind., was sworn in Thursday with two of Indiana's former U.S. senators — Republican Dick Lugar and Democrat Evan Bayh — standing beside him.
Area lawmakers wanted more from fiscal cliff deal
INDIANAPOLIS | Three months ago, well before the United States sailed over the fiscal cliff, U.S. Rep. Pete Visclosky, D-Merrillville, told The Times he expected Congress would "at best, kick the can down the road" on taxes and spending.
Illinois comptroller: Fiscal cliff will cost state
CHICAGO | Illinois Comptroller Judy Baar Topinka estimated Friday there will be a $1 billion impact on the state budget if Congress and President Barack Obama don't strike a deal before the deadline to stop the scheduled federal spending cuts and tax increases.
Cliff looms, as Washington plays kick the can
WASHINGTON | When it comes to the nation's budget challenges, congressional leaders are fond of saying dismissively they don't want to kick the can down the road.
Over the fiscal cliff: What kind of landing?
WASHINGTON | Efforts to save the nation from going over a year-end "fiscal cliff" were in disarray as lawmakers fled the Capitol for their Christmas break. "God only knows" how a deal can be reached now, House Speaker John Boehner declared.
Obama has long work list to tackle when he returns
WASHINGTON | It's hardly a secret Barack Obama, like every president no doubt, muses about his ultimate legacy and spot in the presidential pantheon. He approaches his second term confronting tough and shifting challenges that will play big roles in shaping the rest of his presidency and his…
Lawmakers see 'fiscal cliff' deal as elusive
WASHINGTON | With anxiety rising as the country lurches towards a "fiscal cliff," lawmakers are increasingly skeptical about a possible deal, and some predict the best possibility would be a small-scale patch because time is running out before the yearend deadline.
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