Miguel Angel Jimenez may be the oldest golfer to win on the European Tour, but his lust for life has put a big dent in his hopes of extending that record in 2013. The 48-year-old, known for his love of cigars and fine wine, has been ruled out for at least three months after breaking his leg while skiing in his native Spain at the weekend.
An agreement to avert the fiscal cliff of automatic tax increases and spending cuts appeared "within sight," President Barack Obama said Monday, but lawmakers said nothing will pass Congress before a midnight deadline.
The "fiscal cliff" is hours away. And Americans are angry. Across the country, millions are fed up with a Congress that seems unable to get some important things done.
Being "rich" could become a whole lot tougher. Under one fiscal cliff proposal being worked out in Congress, taxes would rise only on couples making more than $450,000. That's a lot higher than the $250,000 threshold that policy makers had long marked as the dividing line between the middle class and the rich. Just under 2% of filers, or 2.85 million, have adjusted gross incomes above $250,000.
It's official: U.S. debt will reach its legal borrowing limit on Monday, giving Congress about two months before it must raise the debt ceiling or risk causing the government to default on its bills and financial obligations. "I can confirm we will reach the statutory debt limit today, Dec. 31," a Treasury Department official said.
The fiscal cliff hasn't been reached yet, but it has already affected the nation's economy.
With the fate of the fiscal cliff uncertain, the Shivers family is bracing for a big tax hit. Many families like the Shivers could also end up worse off by hundreds or thousands of dollars next year if a deal to avert the fiscal cliff isn't reached.
Federal workers are bracing for furloughs that could start to take place in the next few months if Congress doesn't replace massive budget cuts scheduled to begin Wednesday.
Chief Justice John Roberts is warning leaders in the other two branches of the federal government that the pending "fiscal cliff" would "inevitably result in the delay or denial of justice for the people the courts serve."
Secretary of State Hillary Clinton was treated with blood thinners on Monday at a New York hospital to help dissolve a blood clot in her head and doctors were confident she would make a full recovery.
Four things you need to know about blood clots.