Americans are already being greeted with smaller paychecks thanks to new tax rates. How taxpayers at different income levels will br affected.

Steve Presser, proprietor of Big Fun toy store in Cleveland, says although the deal to avert the fiscal cliff eases uncertainty among consumers, the payroll tax increase raises a whole other list of issues.

The short-term stimulus plan had pumped billions into the economy.

Reading the fine print of the fiscal cliff legislation passed on Jan. 1.

The 2 percent payroll tax rise means that a person who earns $50,000 a year will pay $1,000 more in taxes.

European stocks scored gains in early trading after the United States reached a deal to avoid the fiscal cliff, but will the optimism last?

After a day of wrangling, the House voted to approve a fiscal cliff deal late Tuesday night. What was the reason behind all the gridlock?

British worry that Americans will just keep printing money, rather than focus on our own austerity measures.

Fiscal cliff drama is playing out on American airwaves, but are Europeans paying attention? And what advice can the cash-strapped nations of Greece and Spain offer American lawmakers?

The fiscal cliff was hardly the only important deadline today in Washington. Today's the day for the Secretary of Health and Human Services to tell states whether their plans for health insurance exchanges pass muster.