Last Updated: Thursday, December 20, 2012, 11:08
US President Barack Obama has asked Republicans to move beyond partisan objections to compromise with him on averting the year-end fiscal cliff.
Last Updated: Wednesday, December 19, 2012, 12:08
The United Nations has lowered global economic growth forecast for the coming two years even as it warned of a new global recession due to the US fiscal cliff situation and EU debt crisis.
Last Updated: Tuesday, December 18, 2012, 20:38
The Congressional Budget Office said in its latest economic report that if a deal is not reached by January 1, 2013, the economy will likely fall into recession.
Last Updated: Saturday, December 08, 2012, 12:59
US President Barack Obama on Saturday urged the Congress to extend the middle class tax cut that is set to end this month.
Last Updated: Monday, December 03, 2012, 13:13
The Obama administration has warned that there is no guarantee America would not go over the ‘fiscal cliff’.
Last Updated: Monday, December 03, 2012, 13:02
“That’s a decision that lies in the hands of the Republicans that are now opposing increases in tax rates,” he said.
Last Updated: Thursday, November 15, 2012, 08:53
US President Barack Obama on Wednesday said he is open to compromise and new ideas in fiscal cliff talks and insisted that higher taxes for the wealthy had to be a part of any deal on averting it.
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