Among the tax cuts set to expire if Congress rolls over the fiscal cliff is the federal estate tax. Some states are looking forward to the old law, which gave them a slice of the tax revenue.

Memphis, Tenn., is the poorest city in the country, according to the U.S. Census. And Mayor AC Wharton worries that inaction on the fiscal cliff would have a drastic impact on already cash-strapped residents.

Fiscal cliff negotiations continue to worry markets, but end of the year holiday sales are bringing some cheer to the economy.

President Obama and lawmakers have left Washington for Christmas. But with no fiscal cliff deal in sight, Congress may end up with a working holiday.

If the government fails to agree on a budget, what, if anything, can poor people do to weather the automatic spending cuts that will kick in after the nation plunges off the fiscal cliff?

It was called "Plan B" — a way to avoid some of the tax increases that are part of the fiscal cliff without putting together a broad bipartisan deal before the New Year.

Some treasured tax breaks are coming in for close scrutiny, and one of the country's leading social conservatives is weighing in on the matter.

President Obama made a new offer to the Republicans yesterday in the fiscal cliff negotiations. The President said he’ll extend Bush era tax cuts for households making less than $400,000, he’d previously drawn the line at $250,000.

The process of pushing through those Bush tax cuts 12 years ago might seem like ancient history, but some say we could stand to go back in time and learn from it.

Marketplace Wealth and Poverty reporter Shereen Marisol Meraji takes a look at how the charitable tax deduction has changed over time and why some think lowering it could benefit the middle class.