What Is The Fiscal Cliff?
What exactly is the fiscal cliff, and what does it mean to you?
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What exactly is the fiscal cliff, and what does it mean to you?
Lawmakers on Capitol Hill face a Monday night deadline to reach a budget agreement before steep tax increases and spending cuts begin to take effect Jan. 1.
Speaker John Boehner believes he holds a strong hand in fiscal cliff and debt limit talks. He is, once again, taking the global economy hostage and playing politics with the U.S. debt limit.
Obama is hoping to promote the discussion of the Bush tax cut extensions by getting people hooked on the topic and by getting them to use the #My2K hashtag on Twitter.
Most Americans who traveled during this Thanksgiving holiday came face to face with an American reality: while there is much to be thankful for, our infrastructure is not one of those things.
After all the hype regarding Walmart employees' discontent with their employer and the threat of a strike on Black Friday, the long holiday weekend was saw banner sales and virtually no protest at Walmarts.
After a long period of unease and concern, Michigan consumers have a more positive outlook on the economy and their household finances, according to Deloitte's 27th annual survey of spending intentions and trends.
Grover is the ultimate in single interest constituencies in Washington. He is not accountable to anybody. He does not disclose who funds him, who pays him to do what he does or how much he is paid to blackmail GOP Members of Congress to sign his pledge not to raise taxes.
If Republicans, as a political party, continue this hostility toward science then they do not understand the driving force that science and innovation play in our economy. It also is another proof point in the case that Democrats made about Republican math not adding up.
There is a new breed of truthers on the right. Joining the paranoid ranks of the advocates of a government role in 9-11 and the birthers fascination with President Obama's birth certificate are conservatives that believe the Bureau of Labor Statistics (BLS) is making up jobs numbers to benefit President Obama.
In no time, conservatives will be trying to hold back the smirks as these liberals slowly but surely realize what they've done to our country.
Today, Republicans feel a combination of confusion, disbelief, and anger as to how a slim majority of Americans can possibly want four more years of the Obama administration in the White House. To many, it seems inconceivable that people want to take a chance on more of the same.
After two years and more than two billion dollars spent, President Obama was returned to Washington with a clear mandate on the economy and the direction of the country.
On Friday, President Barack Obama told his supporters at a campaign rally – inside a public high school, no less – to vote for revenge!
Consider the economy, the job market, the recent horrendous occurrences in the Middle East before voting for a person because of his race, his social-issue promises, or any other rather selfish reasons.
President Obama doesn't want to have to answer the "difficult" questions on the economy, jobs, the turmoil related to America in the Middle East, and more so he avoids solid news programs to go on popular fluff shows to get softball questions.
Romney's ideas – if presented fresh and enthusiastically hopeful for America's future – can be the final bump he needs to win this election.
With the CBS Local Presidential Forum coming to a close Barack Obama and Mitt Romney take their chance to set the record straight, pointing out the false accusations their opponent has leveled and giving their response.
With this grueling presidential contest heading into the final days, President Barack Obama and former Mass. Gov Mitt Romney are getting in touch with their softer side as polls show women voters could be the ones to determine the outcome.
President Barack Obama and Republican challenger Mitt Romney engaged in a feisty debate at Hofstra University on Tuesday evening, with the candidates repeatedly interrupting each other and at certain points, attacking each other personally.
The debate results are much less lopsided than the first debate, but Obama's failed promises of the past four years which were clearly expressed by Romney dictate that Obama couldn't win the debate. Romney won again.
The two candidates were asked in the CBS Local Forum: What is your urban agenda? Name a few struggling cities and define how your agenda would specifically affect them?
Vestiges of the economy also were found in the second question in the CBS Local Presidential Forum on their view of the role of the federal government.
As Obama and his campaign boast a $181-million month in September 2012 in fundraising, there is a lengthy report which says there is an incredibly huge amount of campaign donations coming from overseas.
Obviously, one does not need a math degree of any sort to realize that something is amiss with these figures and thereby needs further explanation. It appears as though their number of those who found work, the number of new jobs created, or both are inaccurate.
With all eyes on the Motor City as the Lions head into the postseason, everyone is enjoying the fun, including one of the city's iconic landmarks.
The warning comes after a fire broke out at an apartment complex on Village West Drive five days ago.
The crash is under investigation. Police do not believe speed and reckless driving were factors.
Thanks to a law that passed in 2023 and took effect late last year, the Michigan Public Service Commission has the final say over renewable energy sites.
An Eastpointe man is sentenced to four years in connection with the 2023 fatal shooting of his brother.
With all eyes on the Motor City as the Lions head into the postseason, everyone is enjoying the fun, including one of the city's iconic landmarks.
A preliminary examination for a man charged in the murder of missing 13-year-old Na'Ziyah Harris continues Tuesday.
A new report claims Detroit has a more challenging job market than nearly every other major metro in the U.S.
An investigation is underway after human remains were found Monday afternoon outside of a home on Detroit's west side.
The warning comes after a fire broke out at an apartment complex on Village West Drive five days ago.
For the first time in five years, the Detroit Auto Show is being held in January. The show opens to the public on Saturday.
Michigan motorists are starting the new year by paying more at the gas pump.
There's some good news for Michigan motorists ahead of the new year as gas prices have dropped 7 cents from last week.
The posts have since been deleted but not before X users took screenshots and shared them in the replies to Ford's recent posts.
Motorists in Metro Detroit are filling up for an average of $3.06 per gallon.
Peter Yarrow was a singer-songwriter and a social activist, but he was best known as one-third of the folk-music group Peter, Paul and Mary.
Here is the full list of winners who took home awards at the 2025 Golden Globe Awards.
Melania Trump is the focus of a new documentary that's set for release by Amazon Prime Video later this year, the company announced Sunday.
If you missed the 2025 Golden Globes, here's everything to know about how and where to watch the show.
Jeff Baena was an indie screenwriter and director. He and actress Aubrey Plaza wed in 2021.
NASA hopes a revised plan will get Mars samples back to Earth faster and cost less than the agency's original plan.
A new report claims Detroit has a more challenging job market than nearly every other major metro in the U.S.
Fans of the Girl Scout S'mores and Toast-Yay! cookies need to stock up if they want the sweet treats; the varieties are being retired this year.
Verizon customers reported receiving settlement payments well below the minimum of $15, as stipulated in agreement.
Thousands of people fled their homes as a brush fire in the Pacific Palisades quickly spread to 1,260 acres Tuesday, a blaze which authorities said could grow further as even stronger winds are expected through the night.
The Louisiana patient was hospitalized with a severe case of bird flu in the first death in the U.S. caused by the H5N1 virus.
But consumer advocates say the Food and Drug Administration's new guidance on lead limit in baby food doesn't go far enough.
A Toxicology lab with several medical practices in Michigan will pay over $4.4 million to settle claims of unnecessary testing and submitting Medicare claims for reimbursement for those test.
Broccoli florets from California grower and sold at more than 1,000 Walmart stores are recalled because they could contain listeria.
During the call, the mother can be heard, and by the end of the call, so can a newborn crying.
When asked if he expects Montgomery to be back for the playoff, Campbell told reporters, "I do."
Cade Cunningham had 32 points and nine assists as the Detroit Pistons reached.
Alexander shared CBS News Miami's article on X Monday morning with a broken heart emoji.
The Detroit Lions and their ear-ringing fans celebrated a feat that the franchise pulled off for the first time.
The Lions will have nine home games and eight road contests in 2025.
Detroit Mayor Mike Duggan stunned folks when he announced he would not seek re-election and leave the Democratic Party to run for governor as an independent.
Kid Rock was so impressed with the care his dad received, that he donated to BAMF Health through his foundation which has helped numerous causes including those tied to veterans, small businesses and more.
Mary Tyler Moore turned the world on with her megawatt smile as she starred in the iconic "Dick Van Dyke" and "Mary Tyler Moore" shows a generation ago.
The roundtable talked politics and focused on blockbuster news that Detroit Mayor Mike Duggan would run for governor in 2026 but as an independent candidate.
President-elect Donald Trump campaigned with talk of ending the $7,500 electric vehicle tax credit which has helped fuel sales.
With all eyes on the Motor City as the Lions head into the postseason, everyone is getting in on the fun, including one of the city's iconic landmarks.
Firefighters in Lapeer have a message for residents never disable your smoke alarm. The warning comes after a fire broke out at an apartment complex on Village West Drive five days ago.
Lawyers for President-elect Donald Trump filed an appeal with New York state court to dismiss the hush money case before Friday's sentencing hearing. However, the court has since refused to halt sentencing. Former Michigan federal prosecutor Rick Convertino joined CBS News Detroit to weigh in.
Thanks to a law that passed in 2023 and took effect late last year, the Michigan Public Service Commission has the final say over renewable energy sites. Public Act 233, which took effect in November 2024, gives the MPSC the final say on large-scale renewable energy projects. But Genoa Township is one of more than 70 townships and counties suing to repeal the law.
A preliminary examination for a man charged in the murder of missing 13-year-old Na'Ziyah Harris continued Tuesday.