| Feb 11, 2013
WASHINGTON — For the first time since Election Day, President Barack Obama is on the defensive. That's because on March 1, automatic spending cuts ("sequestration") go into effect — $1.2 trillion over 10 years, half from domestic...
| Mar 8, 2013
| 4:30 PM
The drumbeat for weeks has been that $85 billion in across-the-board federal spending cuts known as the sequester would be so horrendous for the economy that lawmakers in Washington would be forced to compromise by the March 1 deadline.
When no deal was...
| Jan 4, 2013
| 8:35 PM
For better or worse, Marylanders may be more affected by the fiscal cliff tax deal than residents in other parts of the country.
Maryland is one of the wealthiest states, and its residents have the nation's highest median income. That means they likely...
| Jan 23, 2013
| 8:15 PM
This is the busiest time of year for Robin McKinney.
McKinney is the director and co-founder of the Maryland Creating Assets, Savings and Hope (CASH) Campaign, which provides free tax preparation for low- to moderate-income households in the state....
| Jan 1, 2013
Despite all the cliff drama in the past week that sent stocks spiraling downward, all three major U.S. stock indices ended the year higher — which might come as a surprise to many investors
U.S. stocks rallied Monday in the last hours of trading...
| Nov 9, 2012
| 11:47 AM
President Barack Obama signaled on election night that he's willing to work with leaders in both parties on deficit reduction and tax reform. And House Speaker John A. Boehner said a day later that Republicans were open to new revenue.
| Dec 27, 2012
| 8:07 AM
Consumer confidence in Florida is up from last year but dropped from its pre-election highs of September and October, the University of Florida reported Thursday.
Floridians' overall confidence reached a post-recession peak of 80 in the two months...
| Nov 27, 2012
| 10:53 AM
Floridians' consumer confidence fell in November after rising to five-year highs the previous two months, according to a University of Florida survey released Tuesday.
Blame the confidence drop on the election and worries that Washington won't come to...
| Nov 28, 2012
| 5:30 AM
A Lake Worth man is going to Washington with a simple message: Fix the debt.
Julio Fuentes, president of the Florida State Hispanic Chamber of Commerce, will appear at the national capital with other grassroots activists to plead with leaders to solve...
| Dec 19, 2012
| 6:17 AM
A third of Americans are cutting back spending because of their fears over the so-called fiscal cliff -- if Washington can't agree on a compromise, according to a new poll from Palm Beach County-based Bankrate.com.
One in three polled said they have...
| Dec 27, 2012
| 9:03 AM
Lois Frankel, who becomes South Florida’s newest member of Congress next week, said Thursday it’s difficult to see how the so-called fiscal cliff of higher taxes and dramatic federal spending reductions on Jan. 1 will be resolved.