Politics

Obama signs cliff deal to boost taxes on wealthy

By MATTHEW DALYAssociated Press HONOLULU (AP) - President Barack Obama has signed a bill that boosts taxes on the wealthiest Americans, while preserving tax cuts for most American households. The bill, which averts a looming fiscal cliff that had threatened to plunge the nation back into recession

THE RESET: More fiscal battles loom despite deal

By TOM RAUMAssociated Press Financial markets around the world are celebrating the climactic New Year's agreement to avert scheduled tax increases and budget cuts in the United States. But the party could be a short one. While Congress' action ended a stubborn stalemate and prevented the

THE RESET: More fiscal battles loom despite deal

By TOM RAUMAssociated Press Financial markets around the world are celebrating the climactic New Year's agreement to avert scheduled tax increases and budget cuts in the United States. But the party could be a short one. While Congress' action ended a stubborn stalemate and prevented the

THE RESET: More fiscal battles loom despite deal

By TOM RAUMAssociated Press Financial markets around the world are celebrating the climactic New Year's agreement to avert scheduled tax increases and budget cuts in the United States. But the party could be a short one. While Congress' action ended a stubborn stalemate and prevented the