It depends on the definition of wealthy. But however wealth is measured, increasing their taxes won't solve the whole budget problem.

The markets have calmed from their post-election downturn. Businesses are now shifting their attention to the fiscal cliff negotiations that will decide the fate of the U.S. economy.

CEO Mohamed El-Erian shares his concerns about the impending fiscal cliff negotiations and dire economic consequences of gridlock.

Felix Salmon of Reuters and Catherine Rampell from the New York Times discuss the big topic of the day — the fiscal cliff. Hard to avoid.

The automatic income-tax increases and budget cuts scheduled for year's end don't all take effect immediately, so why call it a "fiscal cliff"? Because it gets attention.

Now that President Barack Obama has been re-elected, it's time to get to work. Two pressing issues: moving forward with the Affordable Care Act and the looming fiscal cliff.

President Obama makes his first public comments since election night, expected to size up climb up 'fiscal cliff'

Following Tuesday's election, the markets took a plunge. The major stock indexes all fell nearly 2.5 percent — the biggest sell-off of the year.

President Obama and House Republicans both say they have it, but who has more?