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 →
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 →
ike Emanuel reports from Capitol Hil… 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 →
House Speaker John Boehner (R., Ohio) addresses the media in a press conference about the ‘fiscal cliff,’ in which he says while he is hopeful for a deal with the White House, he must ‘move to plan B.’
The New Zealand dollar was little changed in local trading as traders await US talks to avert the US$600 billion fiscal cliff and after New Zealand’s Treasury pared back its growth forecasts.… Full Story →
In an effort to try and connect with the public about his fiscal cliff message, US President Barack Obama did what had worked so well for him in his election campaigns - he tweeted.… Full Story →
- While you were sleeping, optimism on US budget talks
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.
- While you were sleeping Obama, Boehner meet
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.
- NZ dollar falls as stalled fiscal cliff talks sap risk appetite, weigh in stocks
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.
- NZ dollar gains as Boehner stokes optimism fiscal cliff will be averted, stocks rise
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.