The Latest Debt & Finance Blog
House Republicans dragged America to the rim of the fiscal cliff Tuesday before bowing to pressure from the Senate and passing legislation limiting tax hikes and spending cuts. The final…
Congress allowed America to stumble over the fiscal cliff Tuesday morning but left itself enough rope to pull the country out of trouble, perhaps before lunch. Senate leaders of both…
So the world didn’t end, after all. Whew! Looks like we dodged another bullet. Speaking of bullets, I hope everyone has their holiday shopping done. Just one last thought before…
The clock is winding down on the Jan. 1 deadline for the fiscal cliff crisis, and the Republican Party has punted. House Speaker John Boehner, who introduced what he thought…
Are you ready to take a dive off the fiscal cliff? I am. I have read, written and regurgitated enough information about the economic doom that awaits all of America…
The sword-fighting between Democrats and Republicans could get nasty in the next few days as the battle heats up over how to avoid the fiscal cliff. Republican House Speaker John…
Morgan Stanley, the lead underwriter for the Facebook initial public offering (IPO), was fined $5 million for creating an uneven playing field among investors, Massachusetts’s top securities regulator said this…
The momentum Republican House Speaker John Boehner and President Obama built Monday toward a resolution of the fiscal cliff crisis lasted less than 24 hours. It ended when Boehner chose…
Four years after the crash, the United States is still limping along in what can best be described as an anemic recovery — better off than some nations, but not…
If you’re a taxpayer worried about Congress not extending the Bush tax cuts by Jan. 1, brace yourself: An even bigger hit – the Alternative Minimum Tax – might be…
Sources:
- Klein, E. (2013, Jan. 1) Wonkbook: Everything you need to know about the fiscal cliff deal. Washington Post. Retrieved from: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/01/01/wonkbook-everything-you-need-to-know-about-the-fiscal-cliff-deal/?hpid=z1
- Steinhauer, J. (2013, Jan. 1) House Nears Vote on Senate Deal, Despite Objections. New York Times. Retrieved from: http://www.nytimes.com/2013/01/02/us/politics/house-takes-on-fiscal-cliff.html?hp&_r=0
- Ford, D. and Levs, J. (2013, Jan. 1) GOP anger threatens to undo fiscal cliff deal in the House. CNN.com. Retrieved from: http://www.cnn.com/2013/01/01/politics/fiscal-cliff/index.html?hpt=hp_t1