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The lessons of the final deal come down to this: Washington is very nearly broken. Next up? Finishing the work this agreement postponed.
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The compromise deal, which was approved by the Senate earlier Tuesday, stops large tax increases for 99 percent of Americans and delays massive spending cuts for two months. The bill now goes to President Obama, who is expected to sign it into law.
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Vice President Joe Biden was meeting late Monday with Senate Democrats to brief them on a proposed deal to stop the sharp tax increases and spending cuts. The Senate may vote on the deal Monday night, but there will be no vote in the House until Tuesday at the earliest.
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As we approach the dreaded fiscal cliff, many financial pundits are sounding the alarm: “Take your capital gains now to avoid higher taxes next…
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Now that the election is over, Washington, D.C. has turned its focus to averting the so-called fiscal cliff. But Washington Senator Patty Murray says…