Related Content: Congress

PBS Newshour: Fiscally Conservative Democrat Rep. Allyson Schwartz Discusses Budget Options

Web content

Socially liberal and fiscally conservative, Rep. Allyson Schwartz, D-Penn., leads the centrist New Democratic Coalition, serving as a go-between between House leaders and moderate lawmakers. Gwen Ifill talks to the congresswoman for an update on budget negotiations and finding a solution before Christmas.

 

Stock Market is a Wild Card In Fiscal Cliff Talks

Essential Reads

Congress and the White House can significantly soften the initial impact of the "fiscal cliff" even if they fail to reach a compromise by Dec. 31. One thing they cannot control, however, is the financial markets' reaction, which possibly could be a panicky sell-off that triggers economic reversals worldwide.

What should the U.S. learn from Europe's woes?

Essential Reads

As President Obama and Capitol Hill lawmakers assess the need for spending cuts and tax increases against the risk of triggering a new recession, they might look across the Atlantic for insights from those who have already grappled with those budgetary questions.

Tax deduction limits may trim deficits, but not easily

Essential Reads

Behind President Obama’s insistence that tax rates must rise on higher incomes is a belief that Republicans cannot raise as much revenue as they claim, $800 billion in the first decade, simply by limiting deductions and loopholes. Yet in the past, Mr. Obama supported that option to collect even more.

White House to ask for $50 billion in hurricane relief aid

Essential Reads

President Obama plans to ask Congress for about $50 billion in emergency spending to help rebuild the states ravaged by Hurricane Sandy, according to administration and Congressional officials briefed on the discussions.

GOP makes counteroffer in cliff talks

Essential Reads

House Republicans on Monday made a fresh deficit-reduction proposal to the White House that calls for $800 billion in increased tax revenue, half of what President Barack Obama has proposed.

Obama bets re-election gave him power to win fiscal cliff

Essential Reads

President Barack Obama is betting that his re-election gave him the political clout to force Republicans to accept higher taxes on upper-income Americans as a step toward reducing the federal deficit.

PBS NewsHour: White House, House Republicans Face Off Over Competing Deficit Reduction Plans

Web content

House speaker John Boehner wrote to President Obama to reject a White House plan to raise tax rates for the wealthiest Americans, suggesting instead a counter-offer that raises Medicare eligibility age. Gwen Ifill talks to Erskine Bowles about his deficit reduction plan and how it differs from current proposals on the table.

John Boehner on fiscal cliff negotiations: 'We're nowhere'

Essential Reads

House Speaker John Boehner politely lashed out at President Obama over fiscal negotiations on Sunday, saying that after three weeks of talks the White House has offered “virtually nothing” toward an agreement to avert the large round of tax hikes and spending cuts scheduled to take hold in January.

November 30, 2012

Weekly Show

Fiscal cliff negotiations between Congress and the White House have reached a standstill as both sides clash over spending cuts and tax increases. Also, the potential nomination of Susan Rice to succeed Hillary Clinton as Secretary of State has left Obama and Republicans at a political stalemate.  Joining Gwen: Gloria Borger, CNN; Michael Viqueira, NBC News; Susan Davis, USA Today.