Obama Signs 'Fiscal Cliff' Bill With Autopen

Jan 3, 2013 12:53am Charles Dharapak/AP PhotoHONOLULU, Hawaii — President Obama has signed the “fiscal cliff” legislation into law via autopen from Hawaii, where he is vacationing with his family.The bill to avert the “fiscal cliff” arrived at the White House late this afternoon and it was immediately processed, according to a senior White House official. A copy was...

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Look beyond the fiscal cliff

STORY HIGHLIGHTSDean Baker: Budget deficit is not the only top issue in our national economic policyBaker: Fiscal cliff debate has been a distraction of the bigger problem of a downturn He says fears of big deficits are preventing us from boosting the economy moreBaker: Given the economy's weakness, the government has to run big deficits Editor's note: Dean Baker, an economist, is co-director of the...

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US manufacturing rebounds in December

WASHINGTON: US manufacturing activity expanded slightly in December after contracting the previous month, the ISM monthly survey showed on Monday.The Institute for Supply Management's manufacturing sector index rose to 50.7 last month from 49.5 in November, with 50 the break-even line between growth and contraction.The index has hovered around that line for the past six months, the ISM...

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Fiscal cliff crises averted, but more fights loom

STORY HIGHLIGHTSNEW: U.S. stocks are expected to rise The vote prevents tax increases for more than 98% of AmericansIt also wards off $110 billion in automatic cuts to domestic and military spendingReid accused Boehner of "dictatorship" Friday; Boehner responded with profanityWashington (CNN) -- After exhaustive negotiations that strained the country's patience, the House approved a bill to avert...

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House GOP blasted for scrapping Sandy aid vote

WASHINGTON New York area-lawmakers in both parties erupted in anger late Tuesday night after learning the House Republican leadership decided to allow the current term of Congress to end without holding a vote on aid for victims of Superstorm Sandy. Rep. Peter King, R-N.Y., said he was told by the office of Majority Leader Eric Cantor of Virginia that Speaker John Boehner of Ohio had decided to...

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Obama Hails 'Cliff' Deal, Warns of Next Fiscal Fight

Minutes after the House of Representatives approved a bipartisan Senate deal to avert the "fiscal cliff" and preserve Bush-era tax cuts for all Americans making less than $400,000 per year, President Obama praised party leaders and wasted little time turning to the next fiscal fight."This is one step in the broader effort to strengthen our economy for everybody," Obama said.Obama...

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13 key stories to watch for in 2013

Among the few virtual certainties of 2013 is the ongoing anguish of Syria and the decline of its president, Bashar al-Assad.STORY HIGHLIGHTSLook for more unrest amid power transitions in the Middle EastDisputes and economic worries will keep China, Japan, North Korea in the newsEurope's economy will stay on a rough road, but the outlook for it is brighterEvents are likely to draw attention to cyber...

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Football: Brazil starlet Lucas relishing PSG challenge

DOHA: Brazilian international midfielder Lucas Moura said Tuesday he is ready to embrace the "challenge" at an evolving Paris Saint-Germain.Lucas, 20, signed from Sao Paulo in the summer on a four-and-a-half-year deal worth 40 million euros as PSG held off competition from the likes of Manchester United and Real Madrid to snare a player hailed as one of the bright hopes of the Brazilian...

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Senate passes fiscal cliff deal; House makes no promises

STORY HIGHLIGHTSThe measure now goes to the House where a vote could come TuesdayA statement from House leadership made no promisesUnder the Senate package, taxes would stay the same for all but a sliver of the U.S. populationIt leaves a range of big issues unaddressedAs the fiscal cliff looms, what's your New Year's message to Washington? Go to CNN iReport to share your video.(CNN) -- If a Senate...

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Senate Approves 'Fiscal Cliff' Deal, Sends to House

Two hours after a midnight deadline for action, the Senate passed legislation early New Year's Day to avert the so-called "fiscal cliff" with an overwhelming vote of 89-8.Senate passage set the stage for a final showdown in the House, where a vote could come as early as today."While neither Democrats nor Republicans got everything they wanted, this agreement is the right thing...

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