Analysts worry as fiscal cliff talks approach deal, it might not be reached in time for economy | Democracy, elections and voting at Democracy Chronicles

White House upbeat on fiscal cliff deal

AFP

The White House expressed optimism on Monday that a deal would be reached to avert the looming fiscal cliff that threatens to send the world’s largest economy tumbling back into recession. President Barack Obama spoke over the weekend to Republican House Speaker John Boehner and Democratic Senator Cyber Monday – Record Retail Sales Trump Cliff Concerns, for Now. Record Retail Sales Trump Cliff Concerns, for Now By Phil of Phil’s Stock World We shopped ’till we dropped this weekend. Consumer spending over the four-day Thanksgiving weekend climbed 13% to $59.1B, although the growth was slower than the 16% last year.

Fiscal Cliff: GOP, Grover Norquist at Odds?

As lawmakers resume work on a deal to stop the fiscal cliff, some GOPers have backed off an anti-tax pledge pushed by Grover Norquist. The base line consensus case (which I accept) is that the fiscal cliff is resolved (just barely) by year end, most likely with a temporary extension of the 2001 and 2003 tax cuts, a continued phase down of Emergency Unemployment Compensation (EUC) and a “temporary” delay of the spending cuts Stocks finished on a mixed note, with fiscal cliff talks looming.