Eric Cantor

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  House Passes Fiscal Cliff Bill, Averting Plunge—for Now

  By ALAN FRAM, Associated Press  |  January 2, 2013

  House passes Senate bill, 257-167, shortly before midnight, sending legislation to President Barack Obama to sign.

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  Senate Pushes House on Fiscal Cliff

  By Marlene Y. Satter, AdvisorOne  |  December 28, 2012

  Speaker of the House John Boehner called for Congess to reconvene on Sunday.

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  Ahead of Election, U.S. Added 171,000 Jobs in October

  By Melanie Waddell, AdvisorOne  |  November 2, 2012

  Just four days before the presidential election, the BLS October jobs report showed unemployment notched up to 7.9% as employers added 171,000 jobs.

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  Senate Majority Leader Offers Plan to Stop Student Loan Rate Hike

  By Melanie Waddell, AdvisorOne  |  June 8, 2012

  In a speech on Thursday at the University of Nevada, Las Vegas, President Obama said Republicans were stalling in passing a law to stop such a hike. Republicans claim the administration has ignored their proposals.

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  Senate Democrats Pitch Tax Credit for Small-Business Hiring

  By Melanie Waddell, AdvisorOne  |  March 26, 2012

  The three top Democrats in the Senate introduced legislation Monday that provided a 10% tax credit for employers who increased their payrolls this year as well as extended a tax break that lets businesses write off 100% of capital investments.

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  JOBS Act Passes Senate by Wide Margin

  By Marlene Y. Satter, AdvisorOne  |  March 22, 2012

  The much-criticized, bipartisan JOBS Act passed the Senate on Thursday, 73-26.

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  Payroll Tax Cut Deal Reached in Congress

  By Melanie Waddell, AdvisorOne  |  February 15, 2012

  Congressional leaders said late Wednesday they had reached a tentative agreement on a payroll tax cut; legislation likely will be ready for President Obama’s signature by the end of the week.

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  House Rejection of Senate Bill Leaves Payroll Tax Cut Uncertain

  By Melanie Waddell, AdvisorOne  |  December 21, 2011

  The House rejected, 229-193, on Tuesday the Senate bill to extend the payroll tax cut for two months as well as unemployment benefits. If Congress can’t break the logjam, 160 million Americans will pay higher taxes next year.

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  More Budget Drama: Senate Defeats House Spending Bill

  By Marlene Y. Satter, AdvisorOne  |  September 23, 2011

  Government shutdown looms, again, as Congress prepared on Friday to adjourn for a week. Reid says Senate will vote on new bill Monday.

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  PIMCO’s El-Erian Warns U.S. Rating at Risk, Even With Debt Ceiling Deal

  By Melanie Waddell, AdvisorOne  |  July 25, 2011

  As leaders of both parties now plan to unveil their own debt-ceiling plans, El-Erian said that a short-term deal would leave “the AAA rating extremely vulnerable and does little” to fix the basic problems of the economy.