An AP News Analysis WASHINGTON -- Congress' hectic resolution of the "fiscal cliff" crisis is the latest in a long series of decisions by lawmakers and the White House to do less than promised - and to ask Americans for little sacrifice - in confronting the nation's burgeoning debt. The deal will generate $600 billion in new revenue over 10 years, less than half the amount President Barack Obama first called for. It will raise ...
WASHINGTON - While the tax package that Congress passed New Year's Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013.
WASHINGTON - Even if U.S. lawmakers avoid the so-called fiscal cliff, higher taxes and brinksmanship in Washington are likely to continue damaging the fragile economy well into 2013.
WASHINGTON - Your medical plan is facing an unexpected expense, so you probably are, too. It's a new, $63-per-head fee to cushion the cost of covering people with pre-existing conditions under President Barack Obama's health care overhaul.
PORTERVILLE, Calif. - Gravediggers work the old-fashioned way on the Tule River Indian Reservation, chipping away at the hard pan by hand with pickaxes and shoveling the dirt aside. They say it's a sign of respect not to use machinery, but never has the crew had to dig so many graves at one time.
WASHINGTON - House Republicans put forth a $2.2 trillion "fiscal cliff" counteroffer to President Barack Obama on Monday, calling for raising the eligibility age for Medicare, lowering cost-of-living hikes for Social Security benefits and bringing in $800 billion in higher tax revenue - but not raising rates for the wealthy.
MIDLAND, Texas - Cheered on by a flag-waving crowd, a parade float filled with wounded veterans and their spouses was inching across a railroad track when the crossing gates began to lower and a freight train that seemed to come out of nowhere was suddenly bearing down on them, its horn blaring.
WASHINGTON - Forget political pundits, gut instincts, and psychics. The mightier-than-ever silicon chip seems to reveal the future.
WASHINGTON - An economic calamity looming, President Barack Obama on Friday signaled willingness to compromise with Republicans, declaring he was not "wedded to every detail" of his tax-and-spending approach to prevent deep and widespread pain in the new year. But he insisted his re-election gave him a mandate to raise taxes on wealthier Americans.
WASHINGTON - House Republicans' hard line against higher tax rates for upper-income earners leaves re-elected President Barack Obama with a tough, core decision: Does he pick a fight and risk falling off a "fiscal cliff" or does he rush to compromise and risk alienating liberal Democrats?
WASHINGTON - President Barack Obama rolled to re-election Tuesday night, vanquishing former Massachusetts Gov. Mitt Romney and winning four more years in office despite a weak economy that plagued his first term and put a crimp in the middle class dreams of millions.
LYNCHBURG, Va. - President Barack Obama and Republican Mitt Romney made last-minute pleas for votes Monday, employing their last vestiges of energy, celebrity boosters and plenty of jet fuel to encourage every supporter and the few remaining undecideds to tip the 2012 election in their favor.
NEW YORK - Under growing pressure with thousands still shivering from Sandy, the New York City Marathon was canceled Friday by Mayor Michael Bloomberg after mounting criticism that this was not the time for a race.
ATLANTIC CITY, N.J. - Superstorm Sandy slammed into the New Jersey coastline with 80 mph winds Monday night and hurled an unprecedented 13-foot surge of seawater at New York City, flooding its tunnels, subway stations and the electrical system that powers Wall Street. At least 10 U.S. deaths were blamed on the storm, which brought the presidential campaign to a halt a week before Election Day.
BOCA RATON, Fla. - President Barack Obama sharply challenged Mitt Romney on foreign policy in their final campaign debate Monday night, accusing him of "wrong and reckless leadership that is all over the map." The Republican coolly responded, "Attacking me is not an agenda" for dealing with a dangerous world.
YONKERS, N.Y. - A commuter train that derailed over the weekend, killing four passengers, was hurtling at 82 mph as it entered a 30 mph curve, a federal investigator said Monday. But whether the wreck was the result of human error or mechanical trouble was unclear, he said.
NEW YORK - A New York City commuter train rounding a riverside curve derailed Sunday, killing four people, injuring more than 60 and sending a chain of toppled cars trailing off the track just inches from the water, authorities said.
WASHINGTON, Ill. - When a cluster of violent thunderstorms began marching across the Midwest, forecasters were able to draw a bright line on a map showing where the worst of the weather would go.
WASHINGTON - A burst of hiring in October added a surprisingly strong 204,000 jobs to the economy in a month when the government was partly shut down for 16 days. And employers added far more jobs in August and September than previously thought.
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