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Strap In, We're Heading Over the Fiscal Cliff

Strap In, We're Heading Over the Fiscal Cliff
Illustration by 731

(Update: House Republicans killed Speaker John Boehner’s ‘Plan B’ on Thursday night, throwing the fate of the U.S. fiscal-cliff talks into confusion.)

Last year, budget talks between President Obama and House Speaker John Boehner fell apart because House conservatives wouldn’t vote for a big tax increase. On Monday, budget talks between Obama and Boehner that had seemed headed for a swift and happy resolution fell apart because House conservatives don’t want to vote for a big tax increase.