Thursday, January 3, 2013

Bigger fights loom after "fiscal cliff" deal

Fiscal cliff negotiations between House Speaker John Boehner (R-Ohio) and Senate Majority Leader Harry Reid (D-Nev.) reportedly got heated last Friday. According to Politico, several sources claimed to have overheard a

Tucked inside the last-minute fiscal cliff package were more than a dozen tax loopholes, many of which will benefit Wall Street financial firms and some of the nation's biggest corporations. These breaks will cost hundreds of billions of dollars in the

WASHINGTON (Reuters) - President Barack Obama and congressional Republicans face even bigger budget battles in the next two months after a hard-fought "fiscal cliff" deal narrowly averted devastating tax increases and spending cuts. The agreement

Lessons of the Fiscal Cliff. By Ezra Klein, Washington Post - January 2, 2013. Email · Print. Comments · Share. There is a narrative in American politics that goes something like this: The White House can't negotiate. House Republicans can't

Late night talks on Tuesday U.S. time, which resulted in a deal to avoid the fiscal cliff, removed a major overhang for stocks, and continued to help markets in Australia and Singapore. Stocks in South Korea however, pulled back after strong gains in

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