S&P’s Stovall: Pleasing Market Tally for 2012, Warning for 2013
Substantial gains across asset classes in 2012 confirmed the old adage about the market ascending a wall of worry. But the certainty of political fighting over spending cuts in the first quarter should provide market entry opportunities to those who missed last year's ride.
Fiscal Cliff Deal: The Good, the Bad and the Ugly
The fiscal cliff deal that was approved by Congress sent the markets soaring Wednesday, but lawmakers and industry officials were quick to weigh in with their opinions—positive and negative—on the deal.
PIMCO’s El-Erian: Fiscal Cliff Deal Makes Little Economic Sense
PIMCO CEO doesn’t think much of the last-minute deal struck by Congress to avert the fiscal cliff.
House Passes Fiscal Cliff Bill, Averting Plunge—for Now
House passes Senate bill, 257-167, shortly before midnight, sending legislation to President Barack Obama to sign.
House Takes Up Senate’s Fiscal Cliff Bill
Legislation to negate a fiscal cliff of across-the-board tax increases and sweeping spending cuts to the Pentagon and other government agencies is headed to the GOP-dominated House after bipartisan, middle-of-the-night approval in the Senate.
Obama Says Cliff Deal ‘in Sight’
Speaking from the White House, President Obama said Monday afternoon that a deal to avert the fiscal cliff--at least making sure taxes don't go up on middle class Americans--is "in sight."
On Year's Final Trading Day, Markets Calm Despite Cliff
European, Asian indexes rise significantly for the year, with hopes remaining that some kind of deal still can be made in U.S.
Interest-Rate Risk's Ticking Time Bomb: News Analysis
What may seem to Americans like an annual budget crisis, recurring at the end of each year, could morph into a more European style perma-crisis...
Senate Pushes House on Fiscal Cliff
Speaker of the House John Boehner called for Congess to reconvene on Sunday.
Fiscal Cliff – Bring It On: News Analysis
The issue is how Americans spend money, but rational analysis has been absent from our political discourse. Only pain will prompt appropriate aversion to consuming more than our resources allow.