The U.S. House of Representatives, led by Speaker John Boehner and his Republican allies, voted to put off the debt ceiling fight until May 18. 

This is good news—no doubt about it—and it shows the power of working people when they make their voices heard. But don’t think for a second that Republicans have given up trying to tank the economy to get their way. Or trying to cut Social Security, Medicaid and Medicare benefits. Or trying to cut taxes for Wall Street and rich people. Because they haven’t and they won’t. This fight is still on.

Speaker of the House John Boehner (R-Ohio) and Majority Leader Eric Cantor (R-Va.) seemingly have rallied enough of their House allies to push the battle over causing a U.S. government default down the road, with a temporary three-month extension of the government's borrowing authority (or "debt ceiling"). But House Republicans have not changed their ransom demands. They've simply chosen a different hostage. For now.

During President Obama's second inaugural address yesterday, he affirmed we're stronger when we work together:

But we have always understood that when times change, so must we; that fidelity to our founding principles requires new responses to new challenges; that preserving our individual freedoms ultimately requires collective action. For the American people can no more meet the demands of today’s world by acting alone....No single person can train all the math and science teachers we’ll need to equip our children for the future, or build the roads and networks and research labs that will bring new jobs and businesses to our shores. Now, more than ever, we must do these things together, as one nation and one people.

Working families all over the United States are gearing up for round two in the fiscal showdown. Once again, Republicans in Congress are demanding benefit cuts to Social Security, Medicare and Medicaid and threatening to tank our economy by causing a default of the U.S. government on March 1 unless they get their way. Write a letter to the editor today asking our elected officials to:

1. Oppose benefit cuts to Social Security, Medicare or Medicaid.
2. Close loopholes for Wall Street and the richest 2% of Americans.

Despite the fact that the majority of people across party lines oppose benefit cuts to Social Security, Medicare and Medicaid, some media pundits lamented that President Obama did not push these harmful cuts in the recent so-called fiscal cliff agreement. 

It’s back! Just when you thought you might never hear the words “fiscal cliff” again, the sequel to this horror movie is about to be released. Look for it in your local theater, radio, TV and website—non-stop, 24/7—beginning sometime in February.

Yes, those irrepressible Republicans in Congress have cooked up yet another manufactured crisis and are once again holding the U.S. economy hostage. This time they are threatening to cause a U.S. government default unless they get their way. You know—the same stunt they pulled last summer. And what are congressional Republicans demanding as ransom to spare the economy? The same things they were demanding last time we went through this ordeal: benefit cuts to Social Security, Medicaid and Medicare.

We've reported for several months now the "Fix the Debt" group is a Trojan horse. It cynically calls for cuts to Social Security, Medicare and Medicaid benefits (in the name of "deficit reduction") while advocating for lower taxes for corporations and businesses that ship jobs overseas. 

Update: The House voted 257 to 167 to approve the Senate agreement. 

AFL-CIO President Richard Trumka responds to the Senate agreement on the "fiscal cliff":

The agreement passed by the Senate last night is a breakthrough in beginning to restore tax fairness and achieves some key goals of working families.  It does not cut Social Security, Medicare or Medicaid benefits. It raises more than $700 billion over 10 years, including interest savings, by ending the Bush income tax cuts for families making more than $450,000 a year. And in recognition of the continuing jobs crisis, it extends unemployment benefits for a year.  A strong message from voters and a relentless echo from grassroots activists over the last six weeks helped get us this far.

Sen. Tom Harkin (D-Iowa), working families and small business owners, along with with the activist group The Action, took to Capitol Hill on Friday to tell Congress to reject tax breaks for the richest Americans and to avoid raising taxes on middle-class families. The group gathered beneath a massive Times Square-style disco ball, where a New Year's Eve-like countdown was held to show that Republicans were planning to "drop the ball" on working families.

AFL-CIO President Richard Trumka issued the following statement on House Speaker John Boehner’s (R-Ohio) “Plan B” failure and the latest fiscal developments:   

Speaker Boehner’s failure last night should be seen as one thing: A reset button to listen to the will of the American people. The slate is clean and we call on the President to come forward with an offer that reflects the reasons he won the election. Across the country working people continue to demand no tax cuts for the richest two percent and no benefit cuts to Medicare, Medicaid and Social Security. At this point, cuts to the Social Security COLA to pay for more tax cuts for the wealthiest 2 percent should be off the table. The President and Congress have no obligation to radical Republicans who have no ground to stand on. What they do have is the backing of millions of hardworking women and men tired of being held hostage by far right-wing Republicans who clearly have little interest in governing.