The last-minute fiscal cliff deal reforms tax rates, deductions, payroll taxes, and several other laws that will effect more than 3/4 of Americans in one way or another. Richard Rubin of Bloomberg answers some basic questions about the changes.

As 2013 begins, you can expect to pay more taxes as a result of the deal Congress reached on New Year's Day. But not everyone's taxes go up equally, and different regions of the country are affected different ways.

The fiscal deal that the President and Congress struck last night averts tax increases for millions of Americans. But it also means major cuts could be coming to hospitals — especially those that rely largely on Medicaid and other public dollars.

Late last night, Speaker John Boehner announced that the House would not vote on a Sandy aid package, after the Senate passed a $60 billion package. Staten Island's Michael Grimm and Jerrold Nadler, U.S. Representative for New York's 8th congressional district, react to the decision.

After passing the Senate 89-8, the House approved the fiscal cliff compromise negotiated by Vice President Joe Biden and Senate Minority Leader Mitch McConnell, concluding a battle over fiscal policy that's lasted two years. Takeaway Washington correspondent Todd Zwillich has been following the deal.

Republican Rep. Michael Grimm, who represents much of Staten Island and parts of Brooklyn, says that the move by Republican leadership in the House to let the the current session of Congress end without a vote on Sandy aid is "inexcusable."

Starbucks recently rolled out a new marketing campaign in which they're urging Washington to "Come Together" a la the Beatles on the fiscal cliff business and everything else that divides our government.  And we want to know: what song would you come up with to bring Washington together?

President Obama is expected to make a statement on the fiscal cliff at 1:30 p.m. Officials familiar with the negotiations say the contours of a deal have emerged.

The fiscal cliff remains unresolved, and on the cusp of the new year, it appears that dysfunctional government has trumped any self-imposed deadline. Former Connecticut Congressman Republican Chris Shays explains why the House might be broken.

Following a meeting with congressional leaders on the so-called fiscal cliff, President Barack Obama is expected to make a statement at 5:45 p.m.

With only five days left in 2012, lawmakers are back in Washington, D.C. today to continue talks on the fiscal cliff. Before the Christmas break, House Speaker John Boehner pulled Plan B off the table. 

Ben White, chief economic correspondent for Politico, will discuss what Washington political news has occurred over the extended holiday weekend, and what needs to happen on Capitol Hill before January 1st.

President Obama and House Speaker John Boehner have just eleven days to strike a deal to avoid the fiscal cliff. Yesterday, House Republicans failed to reach a vote on Speaker Boehner's "Plan B," while Senate Democrats promised to reject the proposal. Christina Bellantoni, political editor for PBS NewsHour, explains how the two sides might come together, and whether the President and Speaker Boehner have another plan in the works.

As a compromise remains out of reach for President Obama and John Boehner on how to revamp spending and tax policies in 2013, a new analysis looks at five different scenarios for tax reform and how each would affect the annual bills paid by New Yorkers.