fiscal cliff

Politics
12:50 pm
Tue February 5, 2013

President Obama to Discuss Spending Cuts, Tax Reform; WFPL to Carry Special Coverage

President Obama
Credit White House

President Obama will hold a news conference Tuesday to discuss fiscal matters. WFPL will carry NPR's live special coverage  starting at 1 p.m.

NPR says:

Officials tell the White House press corps that the president "will call on Congress to pass a smaller package of spending cuts and tax reforms to avoid the economically harmful consequences of the sequester for a few months." He's scheduled to issue that call around 1:15 p.m. ET.

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Politics
1:00 pm
Wed January 9, 2013

Conservative Group Targets Senator Mitch McConnell in Online Ads

For America is attacking McConnell in a new online ad.
Credit foramerica.org

A conservative group is attacking Senate Republican Leader Mitch McConnell over the fiscal cliff deal in a series of online advertisements in Kentucky that questions his loyalty to the GOP.

The ads were purchased by the Virginia-based group For America and began running Wednesday on the The Daily Caller, Drudge Report and Fox News websites, as well as on Facebook. It accuses McConnell of capitulating to President Obama and calls for conservatives to stand up to the party leader.

Brent Bozell is founder and chairman of For America. He says McConnell was the architect of a bad deal and that is playing "President Obama’s bag man."

"There comes a point where as a conservative you just say you’ve had it. This was a quintessential tax and spend piece of legislation," he says. "Conservatives have for decades labeled Democrats the party of tax and spend. How can you not label Republicans the same thing when they go along with it?"

McConnell fashioned the agreement with Vice President Joe Biden, which permanently extended the Bush-era tax rates for individuals making less than $400,000 and was praised by many conservative thinkers.

However, the deal delayed government spending cuts for another two months.

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Byline
9:17 pm
Fri January 4, 2013

Legislative Preview; Sugar Bowl Victory; 'Insourcing' at GE: Today on Byline

1:06 - WFPL and KPR's Kenny Colston tells us what we can expect from the upcoming legislative session in Kentucky, and Joseph Lord looks back at this week's Sugar Bowl victory by the University of Louisville.

1:16 - Andrea Seabrook and DecodeDC explore the interplay of politics and the media, and how press coverage can feed into the negative, partisan bickering in Washington. Case in point: The Fiscal Cliff.

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Politics
6:00 pm
Fri January 4, 2013

Senate GOP Leader Mitch McConnell Goes for Hat Trick With Sunday Political Talk Shows

Senate Republican Leader Mitch McConnell
Credit File photo

In the wake of helping to avert the fiscal cliff, Senate Republican Leader Mitch McConnell of Kentucky is making the rounds on three of the top Sunday political talk shows this weekend.

The GOP leader will be on ABC’s "This Week with George Stephanopolous," CBS’s “Face the Nation,” and NBC’s “Meet the Press.” He is expected to discuss the agreement he made with Vice President Joe Biden, which passed both chambers of Congress earlier this week.

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The Two-Way
4:55 pm
Tue January 1, 2013

House Approves 'Fiscal Cliff' Legislation

President Barack Obama and Vice President Joe Biden make a statement regarding the passage of the fiscal cliff bill in the Brady Press Briefing Room at the White House late Tuesday evening.
Charles Dharapak AP

Originally published on Wed January 2, 2013 4:23 am

The House of Representatives voted 257-167 late Tuesday to pass a Senate-approved compromise deal that stops large tax increases for 99 percent of Americans, and delays massive spending cuts for two months.

The bill now goes to President Obama, who is expected to sign it into law.

NPR's S.V. Date is reporting on the deal for our Newscast unit. Here's what he says:

"The eventual deal was hammered out by Senate Republican Leader Mitch McConnell and Vice President Joe Biden. It passed the Senate with overwhelming, bipartisan support.

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Politics
3:09 pm
Mon December 31, 2012

Mitch McConnell on Fiscal Cliff: 'We Are Very, Very Close'

Credit U.S. Senate

WASHINGTON — Senate Minority Leader Mitch McConnell says he and the White House have agreed on preventing tax hikes that the "fiscal cliff" will trigger after midnight. And he says they are very close to an overall deal that would also prevent budget-wide spending cuts.

The Kentucky Republican did not provide any details. But he said on the Senate floor that lawmakers should pass legislation averting tax increases that would otherwise take effect at the start of New Year's Day.

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Politics
12:31 pm
Mon December 31, 2012

Sources: 'Fiscal Cliff' Deal Emerging

Capitol Hill
Credit Creative Commons

WASHINGTON — The contours of a deal to avert the 'fiscal cliff' are emerging that would raise tax rates on couples making over $450,000 a year, raise the estate tax rate and extend unemployment benefits for one year.

That's according to officials familiar with the negotiations.

The deal in the works would return tax rates on families making over $450,000 to 39.6 percent. The tax on estates worth more than $5 million would increase to 40 percent. And unemployment benefits would continue for one year.

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Planet Money
12:44 pm
Sun December 30, 2012

What A Former FBI Hostage Negotiator Can Teach Us About The Fiscal Cliff

Drew Angerer Getty Images

Originally published on Fri December 28, 2012 1:27 pm

The tortuous negotiations involved in the "fiscal cliff" talks are like a chess game.

To shed some light on the kinds of negotiation techniques that members of Congress might be using during the talks, we asked two negotiators to walk us through their tactics with examples from their everyday lives.

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Politics
1:00 pm
Wed December 19, 2012

Occupy Louisville, Justice Resource Center Rally Against Domestic Spending Cuts

Occupy Louisville and the Justice Resource Center are holding a demonstration at Senate Republican Leader Mitch McConnell's office to protest against any domestic spending cuts as part of the fiscal cliff negotiations.

The negotiations in Washington to avoid the $607 billion combination of automatic spending cuts and tax increases continue with the end of the year deadline approaching.

This week the White House threatened to veto Speak John Boehner’s "plan B," which includes raising tax rates on Americans making over $1 million annually. House Republicans argue their plan avoids tax hikes on most income earners, but the Obama administration says it doesn't raise enough revenue and burdens the middle-class.

Ike Thacker is an Occupy Louisville spokesman. He says the groups oppose any cuts to social programs that help the poor and would prefer cuts to the defense department.

"The things that need to be cut are not social programs. We spend in the neighborhood of $20 to $30 billion on welfare and around $70 billion on food stamps, which means roughly speaking $100 billion. While we spend well over $1 trillion every year in one form or another on our military," he says. "If we want to go where the spending is to do the spending cuts it does not need to be in social programs, but in the military."

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Politics
5:22 pm
Fri December 7, 2012

Mitch McConnell: President Obama is Asking for Too Much in Fiscal Cliff Negotiations

U.S. Sen. Mitch McConnell
Credit File photo

U.S. Sen. Mitch McConnell said he hopes a deal can be reached to avoid the fiscal cliff,  but so far the talks have not gone well.

McConnell said President Barack Obama is asking for a new stimulus package -- the unlimited ability to raise the debt ceiling and more than $1 trillion in new tax revenues.

(The New York Times recently published a handy graphic outlining where the sides stand.)

And those proposals are not something Republicans want to concede, McConnell said.

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