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Archive for “fiscal cliff” news

The Roots Help NBC’s Brian Williams Slow-Jam the Debt Ceiling

Apparently when Jimmy Fallon wants somebody to spice up an incredibly tired, tendentious story about fiscal crises in Washington, he turns to Brian Williams. It's like a reverse jinx. (See: 2010, extension of the Bush tax cuts.) And when Brian Williams wants to take back the spotlight from his "Girls"-starring daughter Allison, he turns to the Roots. Below, way down there on this blog post, baby, Brian Williams slow-jams the debt ceiling. [Huffington Post]
 
 
http://www.youtube.com/watch?v=0bWfuENnxjI

PA Delegation Plays Nice as Fiscal Cliff is (Semi) Averted

A day after we careened over the looming cliff (what, you didn't feel it?), the frisky and mischievous House of Representatives finally approved the Senate bill to raise taxes on individuals earning over $400,000 and families earning more than $45o,000, though Republicans voted NAY on the whole. Also: Long-term unemployment insurance was extended, the capital gains rate was raised, the payroll tax cut expired, and a likely hike in milk prices was staved off. Next up in Washington...the fiscal cliff! See, the deal also postponed a vote on automatic spending cuts to the military and various domestic programs, so look

Boehner’s Fiscal Cliff Plan Crashes and Burns

In a moment of high Capitol Hill drama last night,  John Boehner tried and failed to get the House of Representatives to pass his "Plan B" proposal, which would have raised tax rates on millionaires in exchange for entitlement cuts. The House GOP refused, embarrassing Boehner. Put another way, the House GOP signaled it would rather have tax rates rise on everyone, if and when we go over the fiscal cliff on January 1st, than solely on top earners. As if Boehner didn't enough to worry about--like his reputation--there are now rumors that the House will try to replace him

City Hall Carolers Make Up Song About the Fiscal Cliff

A group of City Hall carolers have achieved something I thought impossible--they breathed a flicker of life into the most ill-named and over-covered political story of the year: The Fiscal Cliff negotiations. Ostensibly lobbying Senators Bob Casey and Pat Toomey to raise taxes on the wealthy and avoid spending cuts to social services, the revelers overdubbed "Deck the Halls" with cheery lines like "Cuts for millionaires are a folly, fa la la la la la la la la" and "Treat the cap gains more like wages, fa la la la la la la la la." Given the latest out of Washington