Although the Treasury warned that government borrowing would hit the debt ceiling before the end of the year, it also said it would use "extraordinary measures" to push off the debt ceiling conversation until the 113th Congress is seated, where it's more likely to be raised without a fuss.

The Heritage Foundation's calculations of Taxmageddon's impact on American taxpayers is only one of four impending disasters ready to hit on midnight, December 31st.

According to Republican Rep. Darrell Issa, there are indications that a federal program is being used to bolster President Obama’s election chances by hiding the negative impacts of ObamaCare. Issa has issued a subpoena to receive documents on that program to prove his case.

Private congressional conversations about how to keep the country from racing off the fiscal cliff in January are already taking place in Washington, but few are willing to give many details. With the promise of anonymity, congressional staffers from both sides of the aisle are working feverishly to come up with solutions to the onrushing fiscal train wreck.

With all the hoopla and media attention now being devoted presidential politics, it would be easy to overlook the importance of Congress, which possesses more powers than the president. Yet how much do you know about your congressmen. To learn about how they actually vote based on the U.S. Constitution, check out The New American's "Freedom Index"!

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