11/8/2012 8:30 PM ET|
Heading for the fiscal cliff
You'll hear a lot about the fiscal cliff in the news from Washington and Wall Street through at least the end of the year. Here's what it is.
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If we go over the clift maybe l'll be able to get in line for a free Obamphone.
Does Anyone think barry will get a budget passed in 2013..?
Don't think America has had one for several years..under Barry's rule..
The members of Congress know how to stop this, but it amounts to politicial suicide to do so. Constituents will rebels if taxes on them are raised or their favorite government program is cut substantially and throw their "bum" out. So we are actually hostage to 535 egos.
Solution? Tell everyone in Congress that this is their last term in office unless they fix it, no matter how painful the process and the results are.
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).
Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More
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