While President Obama signed into law Wednesday night the fiscal cliff package eliminating the most urgent threat to he U.S. economy, lawmakers have already pivoted to the next big partisan battle in Washington: raising the debt ceiling.

Senate Minority Leader Mitch McConnell (R-Kentucky), in a new op ed, staked out the Republican  position in the upcoming fiscal fight, warning the GOP will not support raising the nation’s borrowing limit unless Congress commits to “long overdue reforms to spending programs that are the very cause of our debt.”...

Just when it looked like Congress had reached a solution to the impending fiscal crisis, House Republicans turned the tables and signaled they are likely to shoot down the Senate’s current cliff bill, which overwhelmingly passed the upper chamber early this morning.

Majority Leader Eric Cantor told reporters this afternoon that he will not support the legislation in its current form, adding that the House GOP will likely push for an amendment that adds more spending cuts.

Amending the bill could be the kiss of death for this fiscal cliff...

Happy New Year! Looks like Congress is sending us over the cliff after all. (at least temporarily.) Even if the Senate moves on a deal today, the House will likely not bring it to a vote until tomorrow, CNBC reports. Though both parties say a deal is in reach, it remains uncertain whether the upper chamber plans to hold a vote tonight.

BUT AT LEAST THERE’S A DEAL IN THE MAKING   The Senate is “very, very close to a deal,” Senate Minority Leader Mitch McConnell announced on Monday afternoon. McConnell and Vice President Joe Biden...

Weeks of teeth gnashing, press conferences, phone calls, and private meetings haven’t solved the fiscal cliff crisis. But President Obama is banking that one last meeting—when it appears that everyone has given up hope—four days away from the New Year’s deadline can’t hurt.

Congressional leaders head to the White House today for one last stab at averting the cliff. But for much of the country, the White House might as well turn out to be the metaphorical woodshed.. It remains unclear whether either side is serious about saving the country from the fiscal...