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.
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.
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.
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.
(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.
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.
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.
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(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”:
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
Listen to this interview with Craig Matters, the managing editor of Money Magazine, as he joins KFWB’s Penny Griego and Phil Hulett with some perspective In the continuing debate in Washington over taxes and entitlements.
WASHINGTON (AP) – Some rank and file Republicans are recommending pragmatism in approaching the fiscal cliff. Matt Welch, the Editor in Chief of the libertarian website Reason.com discussed the stalement with KFWB’s Penny Griego and Phil Hulett: