Fiscal cliff negotiations

Obama-Boehner Meeting Sparks Optimism on ‘Fiscal Cliff’ Deal

By Bill Fay | December 10, 2012

President Obama took his debt-reduction campaign to Michigan on Monday, amid cautious signs that progress is being made on avoiding the “fiscal cliff.” Obama and Republican Speaker of the House…

Fiscal cliff

Five Things You Need to Know About the ‘Fiscal Cliff’

By Bill Fay | December 6, 2012

Where do you stand on the so-called “fiscal cliff,” which the U.S. economy may or may not be stepping off of at midnight Dec. 31? Before you answer, read over…

No compromise on fiscal cliff

Republicans’ Counteroffer on Fiscal Crisis Blasted by White House

By Bill Fay | December 4, 2012

Republican leaders sent a letter to President Obama on Monday, proposing solutions to the debt crisis that include spending cuts of $1.4 trillion and an overhaul of the tax code…

Military and the fiscal cliff

Where Does the Military Stand on the Fiscal Cliff?

By Bill Fay | December 3, 2012

As much as President Obama and Congress have talked about dealing with the “fiscal cliff,” there is one term noticeably missing from the discussion: Sequestration and its effect on the…

Tax brackets

Solving the Deficit Problem by Adding Tax Brackets, Flattening Tax Curve

By Bill Fay | November 28, 2012

In the first round of budget negotiations between President Obama and House Speaker John Boehner, the congressman blinked first. The day after Obama was re-elected, Boehner said that “revenue was…

Tax breaks for the rich are unpopular

The Benefits of Saying No to Grover Norquist

By Bill Fay | November 27, 2012

Pity poor Grover Norquist. The creator and enforcer of “the Pledge” – an agreement signed by 258 Republican members of the U.S. House and Senate never to vote for a…

Obama works to avoid fiscal cliff

Obama Returns to Campaign Trail to Push ‘Fiscal Cliff’ Solutions

By Bill Fay | November 27, 2012

The election might be over, but the urge to campaign still burns inside President Obama. Obama, who received a tepid response from congressional leaders about his ideas on solving the…

Elisse Walter to lead SEC

New SEC Chairman Will Bring Little Change, Analysts Say

By Bill Fay | November 27, 2012

With Mary Schapiro, the U.S. Securities and Exchange Commission (SEC) chairman, stepping down next month, industry leaders said the choice of Commissioner Elisse Walter (pictured at right) to take her…

illustration of dollar sign at cliff

America’s ‘Fiscal Cliff’ May Be a Cartoon, but It’s No Game

By Bill Fay | November 12, 2012

Here’s an image you no doubt remember from your TV watching childhood: Wile E. Coyote chases the Road Runner across the animated desert terrain. Legs churning frantically, the hungry carnivore…

Oil Rig

U.S. Predicted to Become Energy Independent

By Bill Fay | November 12, 2012

An enormous shift toward energy independence is on the horizon for the United States, according to the latest International Energy Agency (IEA) report. The forecast, officially released November 12 in…