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    Tax code changes will hit high-income Americans hardest

    Jan 21, 2014 11:27 PM EDT

    ... retirement accounts, including 401(k) plans and Individual Retirement Accounts. The provisions were set by Congress last January as part of legislation to avert the fiscal cliff of tax increases and spending cuts. "We finally got some certainty for this year," said Greg Rosica, a contributing author to Ernst & Young ...

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    After a year of internal turmoil, Republicans see Boehner as a leader who can 'guide them correctly'

    Dec 31, 2013 08:20 PM EDT

    ... included the October measure ending the government shutdown, a bill to provide billions of dollars in aid for Hurricane Sandy victims and last January's "fiscal cliff" law preserving former President George W. Bush's tax cuts, except for the wealthiest Americans. "Talk about leading from behind. It's very ...

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    Congress, the White House, and the terrible, horrible, no good, very bad 2013

    Dec 13, 2013 03:30 PM EDT

    ... the Cliff At the dawn of 2013, dark clouds began to circle the House and Senate as legislators struggled to avoid going over the feared "fiscal cliff." At 2 a.m. on Jan. 1, just hours after the 2001 Bush tax cuts expired, the House passed a compromise bill to ...

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    Biden takes a back seat during budget negotiations over shutdown

    Oct 14, 2013 09:36 PM EDT

    Photo by U.S. Government "Maybe we need to get Joe Biden out of the witness protection program," Sen. John McCain told CBS Sunday. After playing an influential role in the 2011 debt ceiling negotiations and the 2012 fiscal cliff negotiations, Vice President Joe Biden has been noticeably quiet the ...

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    Tonight on NewsHour: What Deals Does Congress Have Left to Make?

    Sep 26, 2013 09:20 PM EDT

    ... party conservatives in congress. Draining them, of course, would have to wait until the 2014 mid-term elections. We're at the edge of the fiscal cliff again, Manley and Bonjean say, because Republicans and Democrats both hope timing their votes closer to a deadline will buy them leverage. The ...

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    How to Fix Long-Term Care in U.S.? Panel Releases Some Ideas

    Sep 13, 2013 11:12 PM EDT

    ... daunting challenge: It had meager financing for its operations, few staff members and little time. Congress established the panel as part of the Jan. 2 fiscal cliff deal, but it took three months for congressional leaders and President Barack Obama to appoint the members. The commission held its first meeting ...

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    Art Laffer, John Taylor, Simon Johnson Respond to the Fed's 'Great Unwind' Problem

    Aug 08, 2013 04:50 PM EDT

    ... how Jon developed the idea for Merle's latest hit, and check out the lyrics below: MORE FROM MERLE HAZARD: Merle Hazard Hurtles Over the Fiscal Cliff When the crisis hit us in '08, the Fed's what got us through, Buyin' assets by the trillion. What else could they ...

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    The Fed's Terminal Dilemma: When to Begin 'the Great Unwind'

    Aug 07, 2013 02:00 PM EDT

    Merle Hazard performs "The Great Unwind," his latest economics music video, produced by Nashville Public Television. Paul Solman: The most financially savvy country and western crooner in America, Merle Hazard, returns to the Making Sen$e Business Desk with the release of a new economics chart-topper: "The Great Unwind," produced by Nashville Public Television (WNPT-TV). Merle's...

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    House Republicans Huddling on Immigration With No Clear Consensus

    Jul 10, 2013 01:05 PM EDT

    House Speaker John Boehner on Capitol Hill Tuesday. Photo by Drew Angerer/Getty Images House Republicans will have a meeting of the minds Wednesday, but it remains unclear if the fractious group of lawmakers will be able to reach a consensus on a path forward with immigration reform. Despite pressure from the Senate, which last month...

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    How the Government Is Fooling Us About the Solvency of Social Security

    Jun 17, 2013 04:15 PM EDT

    The government should be budgeting for infinity, Social Security expert Larry Kotlikoff argues, if Social Security is to remain solvent. Photo courtesy of Mark Wilson/Getty Images. Larry Kotlikoff's Social Security original 34 "secrets", his additional secrets, his Social Security "mistakes" and his Social Security gotchas have prompted so many of you to write in that...