With the fiscal cliff looming, an all-star group of CEOs wants both parties to get serious about the deficit. The fix they're calling for will be tough for both parties to swallow.
The prospect of automatic tax increases and budget cuts creates uncertainty, holding back investment and hiring. Companies also are preparing to make their case to Congress for how to avoid the fiscal cliff entirely.
Lloyd Blankfein, chairman and CEO of Goldman Sachs, says the U.S. risks a ratings downgrade and a hit to its reputation as a global business leader as legislators battle over the upcoming 'fiscal cliff.'
You've heard warnings about the economic disaster that could happen if Congress fails to avoid a fiscal cliff. But what is the fiscal cliff anyway? Sr. Producer Paddy Hirsch enlists the support of his friends Thelma and Louise in this three-minute explanation.
In an exclusive broadcast interview, the International Monetary Fund chief urged U.S. leaders to take swift action on the so-called fiscal cliff, and called for European leaders to continue vetting the region's debt crisis.
Bob Woodward has been writing about politics and power since the '70s when he and Carl Bernstein broke the Watergate story.
His latest book takes the reader inside the Obama White House during last summer's debt ceiling crisis.
We've talked about the possible effects of the fiscal cliff on the economy, but there will be immediate and duplicate consequences for individuals too.
Lawmakers have left Washington for the August recess without taking action on the so-called fiscal cliff. Businesses and investors
are trying to prepare as best they can, but what can the rest of us do?
