Simpson, Bowles Reduce New Deficit Plan to Prod Congress
Like Jackie Gleason’s Buford T. Justice in 1977’s Smokey and the Bandit, Alan Simpson and Erskine Bowles are not giving up.
Obama Blasts ‘Meat Cleaver’ Cuts as Simpson, Bowles Release New Plan
With little time left until the $85 billion in sequestration cuts take effect, President Barack Obama urged lawmakers Tuesday to avert the “brutal” cuts.
Fiscal Cliff Deal: ‘A Missed Opportunity’
While the fiscal cliff deal that was approved by the House and Senate on Jan. 1 was good news in that it sent the markets soaring and includes some changes that make financial planning easier, critics of the deal say that it fails to remedy the fiscal challenges that lie...
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.
Erskine Bowles: 40% Chance of Cliff Deal
Like the lottery, maybe he’s just playing the ages of his kids.
Norquist Slams Simpson in Escalating War of Words Over Taxes
A bit of controversy has arisen from last week's Schwab Impact 2012 conference, based on former Senator Alan Simpson's comments on conservative "no-tax pledge" guru Grover Norquist.
Why Not Just Fall Off the Fiscal Cliff?
Contrarians and some politicos on both the left and the right have started to ask the forbidden question: Why not just fall off the fiscal cliff?
Simpson, Bowles: To Fix Fiscal House, ‘We Need Patriots, Not Panderers’
Alan Simpson and Erskine Bowles’ blunt, tough message on fixing the fiscal mess gets a warm reception among Schwab Impact attendees.
Clark at Schwab Impact: RIAs’ Competitors ‘Want What You Have’
On day one of Schwab Impact, the head of Schwab’s RIA custody unit ticks off new initiatives on succession planning, Washington advocacy, referrals.
Obama’s Back, Now Diversify: BNY Mellon Analysts
BNY Mellon's Dick Hoey says advisors and their clients should watch for an increase in the capital gains tax during Obama's second term.