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  1. What the Cliff Compromise Means for the Economy

    Congress' last-minute deal cut the so-called fiscal cliff in half, lessening economic headwinds in the short term, but much work remains to address longer-term debt and deficit issues, says Morningstar's Bob Johnson.

  2. Budget a Mixed Bag for Consumers

    Higher taxes and prices could weigh on consumer spending and retailers.

  3. What Happens if There's No 'Cliff' Compromise?

    If Congress can't reach a deal on the fiscal cliff prior to year-end, some effects will kick in sooner than others, says Morningstar's Bob Johnson.

  4. Will 'Cliff' Woes Completely Derail the Economy?

    Morningstar's Bob Johnson sizes up how a stronger-than-expected economy may fare in different 'fiscal cliff' scenarios.

  1. Boehner to Introduce "Plan B" to Fiscal Cliff, Raising Taxes on Millionaires

    Speaker of the House John Boehner said Tuesday that House Republicans would introduce a bill to raise tax rates for millionaires as a "Plan B" in case his negotiations with President Obama on averting the fiscal cliff fail to produce an agreement.

  2. Obama Makes Last-Minute Appeal as Budget Deadline Nears

    President Barack Obama made a last- minute appeal for compromise as three senators said the chances were greater than 50-50 for a deal to avert more than $600 billion in tax increases and spending cuts scheduled to take effect Jan. 1. In an interview broadcast Sunday on NBC's "Meet the Press," ...

  3. Obama's Warning to Boehner Set Congress on Budget Deal Path

    President Barack Obama had a warning for John Boehner at a Dec. 13 White House meeting: Stop opposing higher tax rates for top earners, or the president would dedicate his second term to blaming Republicans for a global recession.

  4. Obama Prods Congress to Prevent Tax Increase on 98% of Americans

    President Obama, facing a budget stalemate with Republicans, urged leaders of both parties to assemble an interim bill to keep taxes from rising on middle- income Americans as they work on a more comprehensive plan.

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