-
U.S. runs out of road as fiscal cliff looms
* Fiscal tightening would hit U.S., world economy hard. * Deadlock dims hopes for housing-led recovery. * Abe cabinet to take office pledging to reflate Japan. The wheels could come off the U.S. economy even before it has shifted out of second gear unless politicians reach a last-minute deal to avoid $600 billion in tax rises and spending cuts that kick in next month. The rest of the world would be unable to avoid the pile-up if America does fly off the so-called fiscal cliff. That is why, even in a holiday-shortened week, eyes will be peeled for signs that Democratic President Barack Obama and his divided Republican ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Dec 23, 2012 5:27pm Dec 23, 2012 5:27pm
- Deano9999
- Joined Jan 2012 | Status: Member | 609 Comments
- Comment #2
- Quote
- Dec 23, 2012 5:33pm Dec 23, 2012 5:33pm
- Emanuel
- | Joined Jun 2011 | Status: Member | 49 Comments
- Comment #3
- Quote
- Dec 23, 2012 5:47pm Dec 23, 2012 5:47pm
- Emanuel
- | Joined Jun 2011 | Status: Member | 49 Comments
- Comment #4
- Quote
- Dec 23, 2012 7:24pm Dec 23, 2012 7:24pm
- Guest
- | IP XX.XX.172.16
- Comment #5
- Quote
- Dec 23, 2012 7:42pm Dec 23, 2012 7:42pm
- Guest
- | IP XX.XX.172.16
- Comment #6
- Quote
- Dec 23, 2012 9:45pm Dec 23, 2012 9:45pm
- holmes
- | Joined Jun 2010 | Status: Member | 306 Comments
- Comment #7
- Quote
- Dec 24, 2012 12:29am Dec 24, 2012 12:29am
- randal
- | Joined Dec 2012 | Status: Member | 11 Comments
- Comment #8
- Quote
- Dec 24, 2012 5:39am Dec 24, 2012 5:39am
- BillSuits
- | Joined Aug 2010 | Status: Something has gotta give.... | 12 Comments