Wall Street extended gains after the US House voted in favour of a plan that allows the Treasury to borrow beyond the US$16.4 trillion limit until May 19 to avoid the threat of default.… Full Story →
Wall Street was mixed as concerns about the US debt ceiling, and the potential impact on the economy, moved to the fore.… Full Story →
Equity markets on both sides of the Atlantic rallied on the first day of trading in 2013, buoyed by a US budget agreement that eliminated tax increases that might have tipped the world’s No.… Full Story →
President Barack Obama and congressional Republicans have reached a deal to avert the fiscal cliff on the last day of 2012.… Full Story →
As the fiscal cliff deadline looms, the White House and Senate Republicans are closing in on a budget compromise, but has the damage already been done to the economy?… Full Story →
American budget talks have come down to the wire.
The largest stumbling block remains disagreement between Democrats and Republicans over the annual income threshold that will separate those who will see an extension in tax cuts and those who will not.… Full Story →
Mike Emanuel reports from Capitol Hill… Full Story →
Legendary Tiger Fund founder “Julian Robertson” has apparently joined Twitter and is already making a splash with pungent comments on the US fiscal cliff.… Full Story →
Wall Street climbed amid signs that budget talks between US Democrats and Republicans are finally progressing, raising optimism an agreement to avoid the so-called fiscal cliff will be reached by the year-end deadline.
Wall Street gained as a meeting between US President Barack Obama and House Speaker John Boehner at the White House today bolstered optimism a budget agreement will be reached soon.
The New Zealand dollar fell from a nine-month high amid concerns politicians in Washington are making no progress in talks to avert the fiscal cliff, countering the impetus growth assets got from the Federal Reserve’s further quantitative easing and weighing on stocks.
BusinessDesk The New Zealand dollar gained after comments from US House of Representatives Speaker and senior Republican John Boehner stoked optimism policymakers will set aside their differences and bypass the fiscal cliff of US$607 billion in automatic tax hikes and spending cuts, stoking investor confidence and pushing stocks higher.