fiscal cliff

(AP Photo)

Fiscal deal, new year fuels surge into stock funds

BOSTON (AP) – The “fiscal cliff” agreement apparently is boosting investor confidence. The flow of cash into stock mutual funds during the first week of 2013 was the largest in more than 11 years.


Federal taxes up

Taxes rising for most people despite fiscal deal

WASHINGTON (AP) — While the tax package that Congress passed New Year’s Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013.


Harry Reid

AP Sources: ‘Fiscal cliff’ deal emerging

WASHINGTON (AP) — The contours of a deal to avert the ‘fiscal cliff’ emerged Monday, with Democrats and Republicans agreeing to raise tax rates on family income over $450,000 a year, increase the estate tax rate and extend unemployment benefits for one year, officials familiar with the negotiations said.


Fiscal cliff

Senate leaders offer dour take on ‘cliff’ talks

WASHINGTON (AP) – A Capitol Hill deal to avert the “fiscal cliff” was proving elusive Sunday as a deadline to avert tax hikes on virtually every American worker and block sweeping spending cuts grew perilously near.


Fiscal cliff

Comparison of ‘fiscal cliff’ plans

(AP) – There are several competing plans to avoid the “fiscal cliff,” a one-two combination of tax increases and automatic spending cuts. Here are some highlights of the plans.



IRS: 100M taxpayers face delays without AMT fix

WASHINGTON (AP) — Up to 100 million taxpayers — about two-thirds of all filers — won’t be able to file their 2012 tax returns until late March if Congress doesn’t adjust the alternative minimum tax by the end of the year, the Internal Revenue Service said.


President Obama  gestures while answering reporter's question concerning the fiscal cliff. (AP Photo)

Obama: He and Boehner ‘pretty close’ to a deal

WASHINGTON (AP) — Optimistic despite a tightening deadline, President Barack Obama said Wednesday he and House Speaker John Boehner are “pretty close” to a grand fiscal deal to avoid a first-of-the-year shock to the economy, but — read more.


penny and phil

Wind, Cold and Power Outages – LA’s Morning News is On Now

Get the latest on our cold storm and all the latest breaking news from Penny Griego and Phil Hulett on LA’s Morning News. Tune in now for the news you need and the information you can use.


Fiscal Cliff

What’s on the table now in ‘fiscal cliff’ talks

(AP) – An update on the latest offers on the table in negotiations to avert a year-end avalanche of federal tax increases and spending cuts known as the “fiscal cliff”:


Fiscal cliff

The Fiscal Cliff and You – Penny and Phil Have you Covered

Jon Lonksi, Chief Economist with Moody’s Capital Market Research offers his opinion on what happens to investments, and personal equity if Congress allows us to go over the fiscal cliff. Listen to a replay of Lonski’s conversation with Penny Griego and Phil Hulett




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