Tag Archives: Fiscal Cliff

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. Republicans are seeking cuts to spending in return. “The bill we are passing today, we think, will give us the ability to have a debate that …

Wall Street was mixed as concerns about the US debt ceiling, and the potential impact on the economy, moved to the fore. Treasury Secretary Timothy Geithner warned that failure to lift the US$16.4 trillion debt limit by early March would “impose severe economic hardship.” Fitch Ratings on Tuesday said it expects that Congress will raise the debt ceiling and that …

President Barack Obama and congressional Republicans have reached a deal to avert the fiscal cliff on the last day of 2012. mobile phone tracking uk The upshot is income-tax rates will rise, unemployment benefits will be maintained and tax breaks for families of modest means. The deal also delays for two months part of the $US110 billion in spending cuts …

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? Sudeep Reddy has details. mobile phone tracking uk

what is cause and effect essay ike Emanuel reports from Capitol Hil

Legendary Tiger Fund founder “Julian Robertson” has apparently joined Twitter and is already making a splash with pungent comments on the US fiscal cliff. Problem us – is this Julian for real or a fake Twitter account?  Some on Twitter say they have contacted his office to be told it is a fake. If so, pity because the comments are …

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 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. President Barack Obama is said to have offered House Speaker John Boehner a lower target for new tax revenue. The two met at the White House yesterday. …

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.’ definition essays

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. The kiwi traded at 84.42 US cents at 5pm in Wellington from 84.36 cents at 8.30am and 84.39 cents yesterday. The trade-weighted index was 75.26 from 75.27 yesterday. …