Congress and the Fiscal Cliff

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Debt Ceiling will force Congress to Act on the Fiscal Cliff

December 7, 2012 Staff 0

The Treasury Department estimated that the country will hit the $16.4 trillion debt ceiling by the end of the year. Congress has kicked the can down the road on the fiscal cliff, but it must act on the debt ceiling. To do so means it must find a deficit solution.

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Business Investment – first Casualty of the Fiscal Cliff

December 4, 2012 Staff 0

Over the previous 4 quarters, fixed investment averaged 4.5%; last quarter it was -2.1%. What is the primary reason? The uncertainty caused by the failure of Congress to address the fiscal cliff. What is now happening to business fixed investment is a preview.