Well, we are past the election (Finally, thank goodness!) and basically nothing has changed. We still have the same president, the same administration, and roughly the same Congress, all of them arguing about the same issues. The president wants $1.6 trillion in new revenue over the next decade (meaning new taxes), while the Republican's would like to see at least a token reduction in spending, but not a penny of cuts to the military budget..
But the elephant in the room that still hasn't changed and everyone is still ignoring is the $1+ trillion a year deficit that the federal government is adding to the national debt. Nothing either side is offering makes more than a token dent in that deficit, nor has either side gotten real about the unsustainable future Medicare obligations that are driving us toward a much bigger fiscal cliff than the current one.