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Posted: 3/24/2013 10:59:55 AM EST
President Barack Obama speaks about the fiscal cliff to members of the media in the White House Briefing Room December 19, 2012. REUTERS/Kevin Lamarque
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Posted: 3/24/2013 10:59:55 AM EST
President Barack Obama speaks about the fiscal cliff to members of the media in the White House Briefing Room December 19, 2012. REUTERS/Kevin Lamarque
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Posted: 3/24/2013 10:59:55 AM EST
President Barack Obama speaks about the fiscal cliff to members of the media in the White House Briefing Room December 19, 2012. REUTERS/Kevin Lamarque
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Posted: 1/30/2013 7:28:27 PM EST
FILE - In this Dec. 21, 2012 file photo, Speaker of the House John Boehner, R-Ohio, speaks to reporters about the fiscal cliff negotiations at the Capitol in Washington. There's a growing sense of resignation that the country's political leaders will be unable or unwilling to find a way around looming automatic spending cuts despite fresh signs the cuts would threaten the recovering economy. (AP Photo/J. Scott Applewhite)
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Posted: 1/28/2013 1:48:31 PM EST
FILE - In this Dec. 21, 2012 file photo, Speaker of the House John Boehner, R-Ohio, speaks to reporters about the fiscal cliff negotiations at the Capitol in Washington. (AP Photo/J. Scott Applewhite)
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Posted: 1/22/2013 3:48:20 PM EST
CAPTION CORRECTION OF NAME OF VIDEO SERIES In this Sept. 27, 2012 photo provided by Jackson Hewitt Tax Service, Mark Steber, right, interviews Justine Watson about the fiscal cliff in Madison Square Park for Jackson Hewitt's "On the Street" video series, in New York. (AP Photo/Jackson Hewitt Tax Service)
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Posted: 1/22/2013 1:58:46 PM EST
This photo taken Jan. 9, 2013 shows H&R Block Tax preparer Tracey Wales, right, working with customer Muneer Sheikh, on preparing his taxes, at H&R Block office downtown in Washington. Taxpayers preparing to file their 2012 returns can breathe a collective sigh of relief. The alternative minimum tax or AMT has been patched, permanently, and several tax credits and deductions that technically expired at the end of 2011 were extended as part of the fiscal cliff legislation that Congress passed and President Barack Obama signed into law in January 2013. (AP Photo/Pablo Martinez Monsivais)
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Posted: 1/22/2013 1:58:46 PM EST
This photo taken Wednesday, Jan. 9, 2013 shows H&R Block Tax preparer Tracey Wales, right, working with customer Muneer Sheikh, on preparing his taxes, at H&R Block office downtown in Washington. Taxpayers preparing to file their 2012 returns can breathe a collective sigh of relief. The alternative minimum tax or AMT has been patched, permanently, and several tax credits and deductions that technically expired at the end of 2011were extended as part of the fiscal cliff legislation that Congress passed and President Barack Obama signed into law in January 2013. (AP Photo/Pablo Martinez Monsivais)
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Posted: 1/22/2013 1:58:46 PM EST
In this Sept. 27, 2012 photo provided by Jackson Hewitt Tax Service, Mark Steber, right, interviews Justine Watson about the fiscal cliff in Madison Square Park for Jackson Hewitt's Tax Bites video series, in New York. (AP Photo/Jackson Hewitt Tax Service)
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Posted: 1/22/2013 3:13:33 AM EST
FILE - In this Dec. 28, 2012, file photo, Sen. Bob Corker, R-Tenn., left, and Sen. Lamar Alexander, R-Tenn., leave a news conference where they discussed the fiscal cliff on Capitol Hill in Washington. Corker will be the top Republican on the Foreign Relations Committee in the 113th Congress. (AP Photo/Susan Walsh, File)
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Posted: 1/19/2013 3:48:26 AM EST
FILE - In this Dec. 21, 2012 photo, Speaker of the House John Boehner, R-Ohio, joined by House Majority Leader Eric Cantor, R-Va., speaks to reporters about the fiscal cliff negotiations at the Capitol in Washington. Celebration doesn’t seem to be high on the agenda as House Republicans, their majority renewed by the voters last fall, lay the groundwork for another challenge to President Barack Obama over federal spending. (AP Photo/J. Scott Applewhite, File)
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Posted: 1/14/2013 5:58:26 PM EST
FILE- In this Dec. 20, 2012, file photo, Senate Majority Leader Sen. Harry Reid, D-Nev., speaks to reporters about the fiscal cliff at the U.S. Capitol in Washington. Senate Majority Leader Harry Reid's office says the senator was never involved in a deal to have a Utah businessman pay Reid to make a federal investigation disappear. (AP Photo/Jacquelyn Martin, File)
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Posted: 1/10/2013 2:23:27 PM EST
FILE - In this June 6, 2012, House Speaker John Boehner of Ohio, accompanied by Senate Minority Leader Mitch McConnell of Ky., right, gestures during a news conference on Capitol Hill in Washington. President Barack Obama had a clear political edge in his fight with Republicans over the fiscal cliff, and used it to his advantage. In the upcoming battle over federal borrowing and spending, the leverage will be more evenly divided and the outcome less predictable. In the fiscal cliff fight, Obama wanted to block automatic New Year's Day tax increases on everyone but the country's highest earners. Republicans were trying to protect upper-income people from those tax hikes, but eventually gave in because they didn't want to be blamed for the higher middle-class taxes that a stalemate would have triggered. Next come three deadlines that will almost certainly become entwined. The government will run out of cash in about two months and the Obama administration will need congressional approval to borrow more money or face a first-ever federal default, threatening global, economy-rattling consequences. Boehner and McConnell have said they won't agree to a debt-limit extension without an accord to cut spending. Just as adamantly, Obama says the government's debt ceiling must be raised and he won't negotiate over it, though he says he would bargain over spending cuts and tax increases to reduce federal deficits. (AP Photo/J. Scott Applewhite, File)
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Posted: 1/7/2013 3:48:27 AM EST
FILE - In this Jan. 1, 2013, file photo, President Barack Obama, right, 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 in Washington. After Republicans and Democrats alike reluctantly shunned their core supporters and reached a bipartisan compromise to avert a fiscal crisis, there's a reasonable question to ask: Did American lawmakers actually _ for a moment, at least _ listen to the regular Joes and Janes pleading for a gridlocked Washington to get something, anything, done? (AP Photo/Charles Dharapak, File)
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Posted: 1/3/2013 3:28:17 AM EST
FILE - In this Tuesday, Jan. 1, 2013, file photo, the dome of the Capitol is reflected in a skylight of the Capitol Visitor's Center in Washington. By delaying hard choices on spending, the fiscal cliff deal guaranteed more confrontation and uncertainty this year, especially when Congress must vote later this winter to raise the government’s borrowing limit. That’s likely to keep businesses cautious about hiring and investing. (AP Photo/Jacquelyn Martin, File)
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Posted: 1/2/2013 1:18:29 PM EST
President Barack Obama and Vice President Joe Biden walk away from the podium after Obama made a statement regarding the passage of the fiscal cliff bill in the Brady Press Briefing Room at the White House in Washington, Tuesday, Jan. 1, 2013. (AP Photo/Charles Dharapak)
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Posted: 1/2/2013 7:38:26 AM EST
President Barack Obama and Vice President Joe Biden leave the podium after Obama made a statement regarding the passage of the fiscal cliff bill in the Brady Press Briefing Room at the White House in Washington, Tuesday, Jan. 1, 2013. (AP Photo/Charles Dharapak)
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Posted: 1/2/2013 6:38:20 AM EST
President Barack Obama smiles as he arrives with Vice President Joe Biden to make a statement regarding the passage of the fiscal cliff bill in the Brady Press Briefing Room at the White House in Washington, Tuesday, Jan. 1, 2013. (AP Photo/Charles Dharapak)
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Posted: 1/2/2013 3:13:33 AM EST
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 in Washington, Tuesday, Jan. 1, 2013. (AP Photo/Charles Dharapak)
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Posted: 1/2/2013 3:08:29 AM EST
President Barack Obama winks as he arrives to make a statement regarding the passage of the fiscal cliff bill in the Brady Press Briefing Room at the White House in Washington, Tuesday, Jan. 1, 2013. (AP Photo/Charles Dharapak)
