All Posts Tagged With: "fiscal cliff"
Congress approved new legislation to end the long drawn out drama in Washington and across the U.S. over the fiscal cliff. The new legislation was approved by the U.S. House of Representative late Tuesday after House Republicans finally surrendered to the demand made by President Barack Obama to allow taxes to increase for the richest [...]
Friday will be another day of wait, see and worry for investors on Wall Street and around the world. Lawmakers continued to attempt to find the solution to the fiscal cliff that will arrive in just four days. Stock futures in the U.S. were lower on Friday as fears increase over the impact of the [...]
President Barack Obama has taken to the road on a campaign in his words for the middle class, suggesting that the Republicans could spoil America’s Christmas by allowing the country to go over the fiscal cliff. The road trip by the President will be to Pennsylvania and a factory that manufactures Tinkertoys. The trip has [...]
Another issue that has caused disagreement regarding the negotiations over the fiscal cliff has surfaced. Jay Carney the spokesman for the White House said on Tuesday that the issue of Social Security cannot be discussed in the talks about the fiscal cliff and must be addressed as a separate issue. Carney said the drivers of [...]
A number of Republicans in Congress are breaking a pledge against tax increases that has been long standing prior to returning on Monday to Washington. This is to avert the looming fiscal crisis with an agreement that is looking more and more impossible to agree to without tax code changes. A pledge that is decades [...]