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Fiscal cliff averted, sequestration threat remains

In an historic New Year’s Day session, the House of Representatives passed a bill that preserved Bush-era tax cuts for the middle class, but raised taxes on people making more than $400,000 a year. The compromises also averts a 27 percent cut in reimbursement levels for doctors who treat Medicare patients, and fixes the “dairy… Continue Reading Fiscal cliff averted, sequestration threat remains

President Barack Obama is launching a push to extend tax cuts for the middle class, as he seeks to shift the election-year economic debate from the dismal jobs market to assertions that Republican rival Mitt Romney protects the rich.   Obama, in an address from the White House later Monday, will call on Congress to… Continue Reading Obama to push extension of middle-class tax cuts

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