fiscal cliff

The sequester budget cuts will put a severe strain on senior citizen services in New York City. (Photo: CBS 2)

NYC Senior Citizen Services To Take Big Hit When Sequester Cuts Go Through

There was more squabbling in Washington on Thursday as the nation prepared to go over the latest fiscal cliff — $85 billion in budget cuts.

2013/02/28

The sequester budget cuts have triggered the release of hundreds of illegal immigrants from prisons, setting off a firestorm of controversy among lawmakers. (Photo: CBS 2)

Sequester Budget Cuts Lead To Controversial Release Of Jailed Illegal Immigrants

The feds are keeping a tight lid on the details of the inmate release, saying only that there are “hundreds” nationwide, and that they are “non-criminals and other low risk offenders.”

2013/02/27

An AirFrance Airbus A380 approaches JFK International Airport - Queens, NY (file / credit: STAN HONDA/AFP/Getty Images)

Ready For Airport Nightmare? Watch What Happens If ‘Sequester’ Cuts Go Through

President Barack Obama has issued a travel warning to the flying public: If the government goes over the latest fiscal cliff, expect major delays at airports, especially those in the busy Tri-State Area.

2013/02/22

If ‘Sequester’ Budget Cuts Go Through, White House To Hit New York State Hard

Just eight days remain before we could go over the next fiscal cliff in Washington, and CBS 2 has learned that in New York alone the job losses would be widespread, and painful.

2013/02/21

President Barack Obama holds a press conference in the East Room of the White House January 14, 2013 in Washington, DC. AFP (Photo credit: BRENDAN SMIALOWSKI/AFP/Getty Images)

Obama Addresses Debt Limit, Gun Control In Final News Conference Of First Term

President Barack Obama demanded Monday that Congress raise the federal debt limit quickly and said he will soon ask Congress to enact new gun legislation in the wake of the shootings a month ago in Newtown, Conn.

2013/01/14

Opinion: Over The Cliff

At midnight, not only did the ball drop in Times Square, ushering in a New Year, but Congress dropped the ball on delivering the country meaningful deficit reduction.

2013/01/04

President Barack Obama delivers a statement late January 1, 2013 at the White House in Washington DC. (Photo credit: CHRIS KLEPONIS/AFP/Getty Images)

Fiscal Cliff Averted, But Critical Issues Still Remain

After months of debating and back room deals, Congress passed a bill late Tuesday night which will keep the country from falling off the fiscal cliff.

2013/01/02

House Passes Bill To Avert Fiscal Cliff

The U.S. House of Representatives has passed the “fiscal cliff” deal already approved by the U.S. Senate, after a decision not to allow amendments that would have kicked it back to the Senate.

2013/01/01

President Barack Obama (credit: Chip Somodevilla/Getty Images)

‘Fiscal Cliff’ Deal Reached With GOP Senate Leaders

The White House has reached an agreement with Senate Republican leaders on a deal prevent the “fiscal cliff,” CBS News has learned.

2012/12/31

Opinion: Enjoy The Last Day Of The Fiscal Cliff

If Congress manages to pass a feeble, last minute, deal on taxes it will be a deal that is long overdue. All of this could have been avoided.

2012/12/31

U.S. Capitol - Washington, DC - Aug 1, 2011 (credit: Mark Wilson/Getty Images)

No Fiscal Cliff Deal In Sight Sunday Night On Capitol Hill

A deal on Capitol Hill to avert the so-called fiscal cliff was proving elusive Sunday, as a deadline to avert tax hikes on virtually every American worker and block sweeping spending cuts set to strike the Pentagon and other federal agencies grew perilously near.

2012/12/30

President Barack Obama said he was "modestly optimistic" while making a statement on "fiscal cliff" negotiations following a meeting with Congressional leaders at the White House on Dec. 28, 2012 in Washington, D.C. (Photo by Win McNamee/Getty Images)

President Obama Locks Power Players In A Room, Orders ‘Fiscal Cliff’ Deal

The clock is ticking in Washington. Lawmakers are running out of time to avert the “fiscal cliff.”

2012/12/28

Sen. Harry Reid speaks on the Senate floor (credit: CBS 2)

With No ‘Fiscal Cliff’ Deal In Sight, Americans Brace For Huge Tax Hikes

Tax doomsday is looming, but it’s still a political standoff in D.C., with one side seemingly waiting for the other to act. While the Senate is already in session, the House will not be back before Sunday.

2012/12/27

House Speaker John Boehner, left, and President Barack Obama (credit: Getty Images)

‘Fiscal Cliff’ Quickly Closing In And Washington Lawmakers Nowhere To Be Found

President Barack Obama was to return to Washington on Thursday after cutting short his Christmas vacation in Hawaii. The Senate will be in session. But so far the House of Representatives has no plans to meet.

2012/12/26

Shoppers At Roosevelt Field Mall Dec. 26, 2012 (credit: CBS 2)

Shoppers Flock To Stores For Post-Christmas Bargains

Holidays sales numbers so far have been disappointing, but people appear to be ready for the post-Christmas bargains, and even the tourists know to wait if they want to save money.

2012/12/26

Listen Live!