The chances of a year-end "fiscal cliff" deal seem to be diminishing by the hour, with Congress pretty much in pro-forma mode and a lot of the membership in limbo about what happens next.
As members filter back slowly to D.C. from their holiday home leaves, Minnesota Democrat Betty McCollum announced that she returned yesterday and is urging her colleagues to get back to work as well.
“Americans are now back to work following the Christmas holiday and it’s time for Congress to do the same and immediately return to Washington to pass an extension of the middle class tax cuts, protecting 98% of American taxpayers," she said. "If House leadership is unwilling to act then rank and file House members have an obligation to turn up the pressure. Congress should pass the middle class tax cut extension this weekend while allowing negotiations to continue on the other elements of the ‘fiscal cliff’ that require more time.”
Gov. Mark Dayton, speaking to a mostly Republican audience at the annual Minnesota Business Partnership dinner, repeated his familiar attack on the House GOP, blaming them for a legislative impasse on transportation.
Wells Fargo says CEO John Stumpf and the executive who ran the bank's retail banking division will forfeit tens of millions of dollars in pay as the bank tries to stem a scandal over its sales practices.
A defensive Donald Trump gave Hillary Clinton plenty of fresh material for the next phase of her presidential campaign on Tuesday, choosing to publicly reopen and relitigate some her most damaging attacks.
Just hours after his first presidential debate with Hillary Clinton, Donald Trump lashed out at the debate moderator, complained about his microphone and threatened to make Bill Clinton's marital infidelity a campaign issue.
WASHINGTON - The government will reach its $16.4 trillion debt limit on Monday, Treasury Secretary Timothy Geithner told congressional leaders Wednesday, adding a new and possibly dramatic wrinkle to negotiations aimed at averting the fiscal cliff.