House Votes to Pass Senate Budget Compromise; Fiscal Cliff Averted

January 2, 2013 0

Washington D.C. Following the end of an unusual New Year’s Day on Capitol Hill that saw more political gridlock over the widely covered fiscal showdown over whether Congress should approve a freshly approved Senate “fiscal cliff” compromise, approved  in the Senate only twenty-two hours earlier, House lawmakers […]

Obama: “We’re Now At The Last Minute”

December 29, 2012 0

Washington D.C. President Obama met with House and Senate leaders on Friday afternoon in a last minute meeting aimed at resolving a political stalemate over how to resolve the federal budget impasse and avoid sending the U.S. over the looming “fiscal cliff”and […]

Maneuvering For Common Ground On The Fiscal Cliff

December 27, 2012 0

Secretary of the the Treasury Timothy Geithner said on Wednesday the U.S. government will hit its legal borrowing limit of $16.4 trillion  on Monday, triggering “extraordinary” measures to be taken by the Treasury department to keep the government afloat and operational for two […]

Moving Closer To The “Fiscal Cliff”

December 24, 2012 0

Washington, D.C. Following House Speaker John Boehner’s failed emergency meeting last Thursday evening for “Plan B,” which would have extended tax cuts on incomes below $1 million and increased revenues to $1 trillion over 10 years, both Republicans […]

Defiant Boehner Will Ask Congress To Vote On “Plan B”

December 20, 2012 0

Washington D.C. Fears of a political stalemate and budget impasse over the looming “fiscal cliff” between Republicans and Democrats concerning key fiscal policy issues have renewed some jitters in the market.  Republican House Speaker John Boehner (R-Ohio) announced on Wednesday that he would call for […]

Small Steps Made To Avoid The Fiscal Cliff

December 17, 2012 0

Over the week-end Republican House Speaker John Boehner (R-Ohio) took an important step in “fiscal cliff” talks with the White House and inched towards the direction of President Obama’s initial proposal to increase tax rates on the wealthiest […]

Fiscal Cliff Ahead: It’s Time To Get Serious

December 2, 2012 0

As Republican and Democratic lawmakers on Capitol Hill dig in their heels and scramble to work out a final compromise before the looming “fiscal cliff” at the end of December, Americans are left wondering  if their taxes will go up in 2013 […]

Fiscal Cliff Anxiety

November 28, 2012 0

Washington, D.C. Equities are heading lower in early trading after Wall St. continues to digest the comments yesterday from Sen. Harry Reid (D. Nev.) about little progress being made with U.S. budget negotiations on Capitol […]

How Did America Get To The Fiscal Cliff?

November 12, 2012 0

U.S. politicians will return to Capitol Hill on Tuesday in Washington D.C. to address the simmering budget battle related to the “fiscal cliff” that has garnered immediate attention in global markets following the end of the U.S. presidential election last Tuesday. […]

Creating A Fiscal Compromise That Works

November 9, 2012 0

After President Obama was elected to his first term as a U.S. President in 2008, he faced a plunging stock market, a shattered housing market, financial and auto sectors on the brink of collapse, and a Capitol Hill […]