Hope Dims for Fiscal Cliff Deal Before Christmas
A Christmas miracle on the fiscal cliff faltered after House Speaker John Boehner called an abrupt recess for the House, handing responsibility for a deal to President Obama and the Democrats.
Lawmakers Head Back to Work With Fiscal Cliff Looming
El-Erian and Lieber of Washington Analysis weigh in on the proper course to avert automatic cuts on Jan. 1.
Obama on Fiscal Cliff: ‘I’ll Compromise,’ but Not on Taxing Top Earners
Addressing the looming fiscal cliff, President Obama said Friday that while he’s not “wedded” to every detail of the plan he put forward previously to reduce the deficit, he will not compromise when it comes to making sure the top earners pay their fair share.
The Morning After…
Now that the election is over, how can we move the ball forward—for your businesses and your clients—during the coming months and weeks?
SEC’s Aguilar Calls for Harsher Penalties Against Repeat Fraudsters
The SEC must re-evaluate the strength of its initial settlements and “specifically design” a program to combat repeat fraudsters, SEC Commissioner Luis Aguilar said.
11 Key Congressional Committees for Advisors to Worry About
As the election approaches, not just the White House and Congress are in play, but also control of congressional committees important to advisors and others in the financial services sector.
Congress’ Top 5 Pieces of ‘Unfinished Business’
As Congress headed off for its August recess, quite a few tasks were left unresolved, with the biggest by far being legislation to avert the looming fiscal cliff.
House Rejects Senate Measure on Bush Tax Cuts
The House took the opposite stance to the Bush tax cuts as the Senate and passed legislation on Wednesday that would extend all of the expiring cuts for everyone for one year. Separately on Thursday, Senate Finance panel passed a bipartisan bill to extend other tax cuts for families and...
Reid, Boehner Reach Short-Term Spending Deal
The top Republican and Democrat on Capitol Hill have announced an agreement to keep the government running on autopilot for six months when the current budget year ends on Sept. 30.
Senate Votes to Keep Bush Tax Cuts for Middle Class
The Senate passed a bill late Wednesday to extend the Bush tax cuts for families earning less than $250,000 a year—or 98% of Americans.