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 major averages ended the midweek session on a flat note after spending the day inside narrow ranges. The S&P 500 hovered near the 2,000 mark for the majority of the trading day, but slumped to new lows during the last hour of action. The index then returned to its flat line, where it settled for the day. For the third day in a row, participation left a lot to be desired with just 487 million shares changing hands at the NYSE.
Equity indices opened with slim gains, ... More
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