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Oil Rises On New Hope Of 'Fiscal Cliff' Resolution

Associated Press — Mon, 17 Dec 2012 16:10:36 +0000

NEW YORK (AP) — The price of oil is rising Monday as political leaders in Washington appear closer to a resolution in critical budget negotiations.

Benchmark crude rose 73 cents to $87.46 around 10:30 a

Narrow 'Fiscal Cliff' Bargain Gain Currency

Associated Press — Fri, 14 Dec 2012 12:52:27 +0000

WASHINGTON (AP) — The White House and congressional Republicans are setting their sights on a more modest 'fiscal cliff' deal to extend current tax rates for most Americans, raise rates for top earners but leave other, vexing issues for the new year, as hopes dim for a wide-ranging bargain

'Fiscal Cliff' Lurks Behind Obama's Schedule

Associated Press — Thu, 13 Dec 2012 12:45:24 +0000

WASHINGTON (AP) — President Barack Obama is working on a blend of foreign and domestic issues, but none seemingly as urgent as his effort to strike a deal with congressional Republicans to avoid the so-called fiscal cliff at the end of the year