House Speaker John Boehner

President Barack Obama (credit: SAUL LOEB/AFP/Getty Images)

Obama On ‘Sequester’ Spending Cuts: ‘None Of This Is Necessary’

They just couldn’t get anything done. A high-stakes meeting at the White House to avoid the next fiscal cliff at midnight ended with no deal, but instead another round of the blame game.

2013/03/01

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 scene inside Clifford Fusco's New Dorp, Staten Island home is not pretty, but his angst has been multiplied by the federal government's inaction because his flood insurance has not been allowed to kick in. (Photo: CBS 2)

EXCLUSIVE: Washington Dysfunction Devastating Those With Flood Insurance

On Friday, Congress will finally vote on the first bit of aid to victims of Superstorm Sandy. That won’t be soon enough for thousands of people, including a Staten Island man who is left out in the cold.

2013/01/03

John Boehner, Republican of Ohio, holds up his gavel after being re-elected as Speaker of the House during the opening session of the 113th US House of Representatives at the US Capitol in Washington, DC, on Jan. 3, 2013. (SAUL LOEB/AFP/Getty Images)

Boehner Goes From Pin Cushion To Once Again House Speaker In A Day

Just 24 hours after he was reviled by his colleagues in Congress for delaying a vote on Hurricane Sandy relief, John Boehner was re-elected Speaker of the House on Thursday.

2013/01/03

New Jersey Natural Gas technician Carlos Rojas inspects a leaking gas main that is under water at a home damaged by Hurricane Sandy in Long Beach Island, New Jersey. (credit: Mark Wilson/Getty Images)

Congress’ Inaction On Sandy Relief Infuriates Storm-Devastated Residents

The debate over federal aid for Superstorm Sandy has infuriated many elected officials, but it is more than a war of words for those still struggling in the aftermath of the devastating storm.

2013/01/02

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

Obama Willing To Up Threshold For Raising Taxes On Households To $400,000

There were signs Tuesday that a deal to avoid the so-called “fiscal cliff” may be in the offing. President Barack Obama blinked on tax hikes and so did House Speaker John Boehner.

2012/12/18

Obama (credit: JIM WATSON/AFP/Getty Images); Boehner (credit: Chip Somodevilla/Getty Images)

Spending Cuts Remain Major Sticking Point In ‘Fiscal Cliff’ Negotiations

The fact is it won’t be a merry Christmas if there is no deal on the so-called fiscal cliff, because without a compromise tax hikes and across-the-board spending cuts kick in.

2012/12/13

John Boehner, Barack Obama (credit: Chip Somodevilla/Getty Images | SAUL LOEB/AFP/Getty Images)

Local Families Have Message For ‘Fiscal Cliff’ Combatants: Do Right By Us

For tens of thousands of people in the Tri-State Area, the “fiscal cliff” debate is more than just a Washington political battle. Many in the middle class here are wondering how they’ll make ends meet if their taxes go up on New Year’s Day.

2012/12/12

GOP Slams Obama For Refusing To Cut From Social Security, Medicare To Avoid ‘Fiscal Cliff’

As the so-called “fiscal cliff” gets closer, there is still no agreement on taxes and budget cuts in Washington. No deal means everybody’s taxes will go up in a little less than three weeks.

2012/12/11

Analysis: Over The ‘Fiscal Cliff’ Could Mean Doom For Tri-State Area Residents

New Jersey residents would be the hardest hit in the nation, with the average family of four paying an extra $6,933. That same family in Connecticut would ante up an extra $6,653 and in New York, $4,103.

2012/12/05

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

Looming Fiscal Cliff Leaves Many Confused, Concerned

Even as the country barrels toward the fiscal cliff, there was much confusion about what exactly lies ahead – both for regular people and the country as a whole.

2012/12/02

House Speaker John Boehner and President Barack Obama in the Cabinet Room at the White House - Washington, DC - Jul 11, 2011 (credit: Alex Wong/Getty Images)

Expert: Republican Party Has To Look In The Mirror, Adapt To Changing Electorate

Will it be four more years of partisanship or will both sides find a path to compromise? And will the Republican party see the outcome of campaign 2012 as a mandate to “re-image” itself?

2012/11/07

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