May 22, 2013

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President Expected To Offer Scaled-Down Fiscal Cliff Deal

When congressional leaders gather at the White House this afternoon, they'll be hearing a limited proposal from President Barack Obama aimed at avoiding the tax increases and deep spending cuts that are slated to take effect next week.

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Fewer U.S. Banks Failing As Industry Strengthens

U.S. banks are ending the year with their best profits since 2006 and fewer failures than at any time since the 2008 financial crisis. They're helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.

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Ex-President Bush Remains In Intensive Care

Former President George H.W. Bush remained in guarded condition overnight in the intensive care unit at a Houston hospital after a day marked by what his spokesman called "a series of setbacks including persistent fever."

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Reid: Boehner Standing In The Way

Progress toward avoiding the "fiscal cliff" appears to be stalled -- with the Senate's top Democrat accusing House Speaker John Boehner of standing in the way of a solution to the looming tax hikes and spending cuts.

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