The enactment of the One Big Beautiful Bill Act (OBBBA) represents a strategic maneuver in U.S. fiscal policy, designed to avert a potential fiscal cliff. By solidifying the tax cuts from the 2017 Tax ...

As May 31 this year came and went and Illinois lawmakers passed a roughly $55 billion state spending plan for the fiscal year beginning July 1, a $771 million budget shortfall that Chicago area ...

Optimism has been growing that Democrats and Republicans will be able to reach a budget deal that brings the deficit down to a sustainable level while avoiding a recession. A lot of investors appear ...

The fiscal cliff is so bad the President had to come out and sit down with the NBC's David Gregory this weekend on Meet the Press. Does he think we're going to over the cliff like Harry Reid? Well, ...

The fiscal cliff negotiations have the feel of a major sporting event. The media largely describe the cliff as a two-party conflict, with each side having a fighter in the ring. What House Speaker ...

As we've heard, there's a lot of political energy going into the fiscal cliff negotiations in the U.S. at the moment. Since all of our economies are linked in a global network, we thought we'd see how ...

Wonkblog has taken to using “austerity crisis” in place of “fiscal cliff.” They’re right: “fiscal” is not very specific, while “cliff” suggests a problem that happens all at once. The reality is a ...