Fiscal Cliff – The European Union Times ⚡ Shocking Hidden News Reports ⚡

US blows through $18 trillion Debt Limit

EU Times — Tue, 17 Mar 2015 11:04:38 +0000

On Monday, the US reached its legal debt limit of $18 trillion, more than the country’s entire GDP. Lawmakers will either have to again lift it, or attempt to cap spending. As of March 12, the US Treasury reported federal debt at $18,114,324,000,000.00 in its daily treasury statement. This figure is above the statutory debt […]

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Obama: 'No doubt' we need more taxes

EU Times — Tue, 05 Feb 2013 17:17:34 +0000

US President Obama on Sunday insisted that the nation needs additional tax revenue, some of which the government could acquire by closing or reducing loopholes and deductions. “There is no doubt we need additional revenue, coupled with smart spending reductions in order to bring down our deficit,” the president said in an interview aired on […]

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Taxpayer Bill for Obama's Hawaii Vacations: $20 Million

EU Times — Fri, 04 Jan 2013 17:53:10 +0000

Michelle Obama recently revealed that she and President Obama don’t give Christmas gifts to each other. They merely say, “We’re in Hawaii,” and that’s Christmas gift enough. But actually the present is from taxpayers, and it’s an expensive one. The total cost to taxpayers of Obama’s vacations to Hawaii since becoming president is likely in […]

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Taxes to go up in 2013 regardless of 'fiscal cliff' deal

EU Times — Wed, 02 Jan 2013 22:54:46 +0000

President Barack Obama wasn’t lying when he said he’d raise taxes on the wealthiest Americans if reelected — but it won’t be just the top wage-earners who will be handing over more to Uncle Sam in 2013. Under a last minute Capitol Hill agreement expected to avert the much-feared ‘fiscal cliff’ disaster that has dominated […]

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House approves 'fiscal cliff' deal

EU Times — Wed, 02 Jan 2013 09:44:09 +0000

After Republicans dropped their demands for additional spending cuts the House approved legislation meant to avert the ‘fiscal cliff’. The representatives lined up 257 to 167 in favor of the bill. Earlier, the House Republicans expressed their opposition to the measure to avert the ‘fiscal cliff’ in its current form. GOP leaders were considering an […]

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Obama to meet Congressional leaders over "fiscal cliff"

EU Times — Fri, 28 Dec 2012 12:00:33 +0000

US President Barack Obama is to have a meeting with Congressional leaders in an attempt to break the deadlock over the looming ‘fiscal cliff.’ Obama will hold talks with Senate Majority Leader Harry Reid, and Senate Minority Leader Mitch McConnell on Friday, a White House official said. Republican House Speaker John Boehner and House Minority […]

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