Featured StoryStalled fiscal cliff negotiations have fueled concerns the U.S. could face a recession in 2013 if the country fails to avert the cliff.
But recession 2013 may be on the way regardless of what happens with the fiscal cliff talks.
The latest sign of an economic downturn came Tuesday in a U.S. Commerce Department report showing imports to the United States have fallen two consecutive months after dropping 8.4% in the third quarter and 2%...
Fiscal Cliff 2013
Fiscal Cliff Deal Talks Hit Major Roadblock
The apparent breakdown of talks between U.S. President Barack Obama and Republican House Speaker John Boehner on a fiscal cliff deal took the optimism out of the markets on Wednesday, with the Dow Jones Industrial Average falling nearly 100 points.
As the markets prepared to open for trading Thursday, U.S. stock futures were lower.
Boehner has decided to go ahead with a vote on his "Plan B," which would extend the Bush-era tax rates for...
What the Fiscal Cliff Deal Could Do to You
Depending on the deal Congress makes for the fiscal cliff, middle-class Americans could face a total average tax burden of nearly 50%.
Middle-class Americans already pay an average of 43.12% in taxes, according to the non-partisan Tax Foundation.
Money Morning Chief Investment Strategist Keith Fitz-Gerald detailed the possible increase in the tax tab, citing data from FOX Business Network's expert on consumer and personal finance, Gerri Willis.
Fiscal Cliff Deal: Plan B or Plan CYA?
Markets were higher in Europe and the United States yesterday (Tuesday) as progress was made on a fiscal cliff deal as well as on resolving debt ceiling issues before year end.
But then Republican House Speaker John Boehner rattled everyone's cages by proposing his "Plan B," which would make permanent the Bush tax...
Fiscal Cliff Deal: The President's Latest Counter Offer
Equity and commodity prices rallied in Europe and Asia while the U.S. dollar and Treasury bond prices fell as U.S. President Barack Obama and Republican House Speaker John Boehner have made progress on a fiscal cliff deal.
On Friday afternoon, Speaker Boehner called the White House with an offer to raise taxes on Americans earnings more than $1 million, altering his position on no tax increases for anyone.
With that concession in hand,...
Fiscal Cliff Deal: Boehner Takes a Huge Step
U.S. House of Representatives Speaker John Boehner, lead negotiator for the Republicans, took the first step late Friday in making a fiscal cliff deal when he agreed to accept a tax hike for the wealthiest Americans (those making more than $1 million).
Boehner also agreed to a one-year increase to the debt ceiling.
In return, the GOP wants U.S. President Barack Obama to implement steep cuts to entitlement spending, including Social...
How to Prepare for the Fiscal Cliff
Fiscal cliff negotiations continued Thursday, but with Republicans not budging on their staunch opposition to raising taxes, and Democrats refusing any deal that doesn't include higher taxes, hopes for a compromise by year's end have waned.
Investors are worried, and rightly so.
In fact, the Wells Fargo/Gallup Investor and Retirement Optimism Index turned in a score of -8 in November, down from double-digit positive readings in early...
Fiscal Cliff 2013: GOP Plans Retaliation
Republicans appear to be losing the fiscal cliff 2103 fight over raising taxes on affluent Americans.
Now they're threatening to retaliate by intensifying Washington's next battle: the U.S. debt ceiling.
Sen. Lindsey Graham, R-SC, pledged Republicans, who control the U.S. House of Representatives, would put up "one hell of a fight over raising the debt ceiling" next year if U.S. President Barack Obama succeeds in getting the tax...
Tax Fight Remains Biggest Roadblock in Fiscal Cliff Deal
The fiscal cliff countdown clock tells us there is just 21 days left for Democrats and Republicans to come to some sort of deal.
With little resolved after months of back-and-forth discussions, which have recently turned into more heated exchanges, U.S. President Barack Obama has taken over the role of leading negations for his party, while Republican House of Representatives Speaker John Boehner is chief negotiator for the GOP.
The two men met for an unplanned White House meeting Sunday. Little details were...
What the Fiscal Cliff Means for Investors
Beyond the rhetoric and posturing in Washington, what does the fiscal cliff mean for investors?
The phrase is usually accompanied by dire warnings about what will happen to the nation's economy if the country fails to avert the fiscal cliff.
Even talk about a possible compromise has sent shivers up investors' spines.
One compromise would cap the tax exemption on municipal bonds - a tax break in effect since 1913. That has...