Dec 26, 2012 — The president's coming back to the White House from his vacation. But that was expected. Senators are returning to the Capitol, but don't seem to be in a hurry. And House members haven't yet been told to get back to work. Many signs point to a partial deal, if that, before the New Year's Eve "deadline."
Dec 21, 2012 — With the collapse of House Speaker John Boehner's "Plan B," there's renewed talk about the likelihood that the end-of-year tax hikes and automatic spending cuts will not be avoided. A dive off the so-called fiscal cliff could hit the economy hard. But it also could force compromise in the new year.
Dec 20, 2012 — House Speaker John Boehner said the House did not have enough support for the bill, which deals with the tax portion of the fiscal cliff.
Dec 18, 2012 — Some signs are pointing to an agreement being reached soon to avoid the automatic tax hikes and spending cuts. Of course, President Obama and House Speaker John Boehner have tried to strike a "grand bargain" before, only to have it fall apart.
Sep 19, 2011 — The president will say his plan would pare $4 trillion more from federal deficits over the next decade. He's adding more than $3 trillion to the amount that lawmakers have already agreed to.
Jul 14, 2011 — The president is scheduled to take questions at 11 a.m. ET. The main topic: The ongoing deficit-reduction talks. It will be the president's second back-and-forth with reporters this week.
Jul 11, 2011 — The back-and-forth with reporters comes as debt-reduction negotiations continue.
Jul 11, 2011 — Saying he is prepared "to take significant heat" from members of his own party in order to achieve meaningful debt and deficit reduction, President Obama this morning again pushed for a big, long-term budget deal with Republicans.
Apr 19, 2011 — In his first public forum since he laid out his deficit plan in a speech last week, the president defended his proposal to roll back Bush-era tax cuts for high earners, and said he would not gut spending on education, infrastructure and research.
Dec 1, 2010 — The co-chairman of the president's Fiscal Responsibility Commission warns that shrinking deficits and debts will be painful. How likely is it that lawmakers will make the tough choices?