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Obama asks Republicans to compromise to avert fiscal cliff

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.

UN report warns of second recession on EU, US conditions

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.

What Fiscal Cliff fall will mean for small business owners in US

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.

Obama urges Congress to extend middle class tax cuts

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.

US could fall off ‘fiscal cliff’, warns Timothy Geithner

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’.

Timothy Geithner warns US could fall off ‘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.

Obama says he is ready to compromise on fiscal cliff

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.