Worldcrunch
Tuesday’s fiscal agreement defuses the fiscal cliff by deferring most tax hikes and pushing back the sequester. A deal has been made, a financial crash avoided, and near-term growth prospects look rosier. Markets have cheered news of the agreement. Is such cheer warranted? That depends on what happens next. By itself, the package raises little […]
WALL STREET JOURNAL, CNN, BLOOMBERG (USA), REUTERS Worldcrunch WASHINGTON – The House of Representatives has approved a Senate bill to avoid the American and global economy facing the dreaded consequences of the so-called “fiscal cliff” of automatic tax hikes and spending cuts across the United States. Hailed as a victory for President Barack Obama, the […]
AP (USA) Worldcrunch WASHINGTON – The U.S. Senate has approved a bill aimed at avoiding tax increases and spending cuts. Senators voted 89-9 to approve the proposal. Three democrats and five Republicans dissented. In a statement released by the White House early Tuesday morning, President Obama said, “While neither Democrats nor Republicans got everything they […]
-Analysis- Barack Obama’s reelection to a second term in the White House is in spectacular contradiction to the trend in Western politics since the beginning of the current economic crisis. One after another, Western leaders have been dumped by voters who have made them pay for the effects of the crisis and the austerity measures […]
-Op Ed- SANTIAGO – The most urgent problem for the second term of President Barack Obama or the first term of President Mitt Romney will be a problem that neither of them created. We are talking about the cryptically dubbed ‘fiscal cliff,’ which, if it is not solved, will push the United States into another […]