Obama: We can solve "fiscal cliff" in a week - "It's not that tough"

December 5, 2012 10:27 AM

In remarks delivered to the Business Roundtable, President Obama said that the world is "looking to America" to resolve the so-called "fiscal cliff" and chart a path forward for the global economy. He blamed Washington for the gridlock, arguing that despite a dispute over tax hikes, "The numbers, actually, aren't that far apart...we can probably solve this in about a week."

Recommended

Issa: No "confidence" IRS targeting was "an isolated incident"
1:11 May 22, 2013

Issa: No "confidence" IRS targeting was "an isolated incident"

Rep. Darrell Issa, R-Calif., based on answers he received from a Treasury Department inspector general about the IRS targeting conservative groups, said, "The American people today should not have confidence that this is an isolated incident."
IRS official Lois Lerner invokes Fifth Amendment
1:09 May 22, 2013

IRS official Lois Lerner invokes Fifth Amendment

Insisting that she's "done nothing wrong," Lois Lerner, the IRS official in charge of the division that targeted conservative nonprofit groups for additional scrutiny of their applications for tax-exempt status, invoked her Fifth Amendment right against self-incrimination during congressional testimony on Wednesday.
"We don't have to worry" about Oklahoma relief money, Reid says
1:24 May 21, 2013

"We don't have to worry" about Oklahoma relief money, Reid says

Senate Majority Leader Harry Reid, D-Nev., told reporters FEMA has enough money "right now" to tend to the devastation left by a monster tornado in Oklahoma, but assured that "if there's more money needed, we're gonna take care of it."
McConnell: Lift sanctions on Burma
1:01 May 21, 2013

McConnell: Lift sanctions on Burma

After meeting with Burmese President Thein Sein, Senate Minority Leader Mitch McConnell, R-Ky., said he believes because of the steps the former pariah state has taken toward democracy, "enough progress has been made in Burma to where implementation of the sanctions this year is actually not a good idea."
Current FEMA resources "sufficient" in short-term Okla. relief, Carney says
0:50 May 21, 2013

Current FEMA resources "sufficient" in short-term Okla. relief, Carney says

White House Press Secretary Jay Carney said it's "too early" to assess the long-term needs of Oklahoma tornado victims, and emphasized the administration's focus on short-term relief efforts.
Pelosi: Congress must "help wipe the tears" from Okla. community
1:31 May 21, 2013

Pelosi: Congress must "help wipe the tears" from Okla. community

House Minority Leader Nancy Pelosi, D-Calif., called on lawmakers to "act quickly" to provide relief to Moore, Okla. - a community destroyed by a monstrous tornado that killed dozens, including many children.
Former IRS chief: "I can't say" what led to targeting
1:36 May 21, 2013

Former IRS chief: "I can't say" what led to targeting

As the investigation continues into potentially discriminatory activities at the Internal Revenue Service (IRS), former commissioner Douglas Shulman said Tuesday he was "saddened" that the agency had been judged as having acted in a way that was not "non-political and non-partisan," though he said he couldn't say exactly what happened to lead to the practices now under fire.