Fiscal Cliff

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The Hill: Markets rise, but business sees missed chance in ‘cliff’ deal

Economists and business groups say the “fiscal cliff” deal will provide some help to the economy, but is overall a missed opportunity to put the nation’s fiscal health on track.Read more...

January 2nd, 2013|

Politico: Enjoy the fiscal cliff debate? Just wait for the debt ceiling

The fiscal cliff has consumed Washington for months, but it may end up being the long opening act for a fiscal drama with even higher stakes: the debt ceiling.  Read more...

January 1st, 2013|

Warnings associated with going over the fiscal cliff

With Congress in the middle of the “lame duck” session, negotiations on addressing fiscal cliff and debt ceiling have picked up steam as the January deadline looms for automatic tax increases and spending cuts.  President Obama and Congressional leadership expressed confidence in reaching a deal on the fiscal cliff after a November 16th meeting at the [...]

November 30th, 2012|

CNNMoney: Fiscal cliff helps mend Obama-CEO relations

By Jennifer Liberto WASHINGTON -- Fiscal cliff negotiations are proving to be the perfect excuse for President Obama and the business community to smooth over a rocky four years. The White House has struggled to make and keep friends in the business community, thanks to contentious policy fights over financial and health care reforms. Obama famously [...]

November 24th, 2012|

The Hill: Businesses push debt-limit hike as part of deal on ‘fiscal cliff’

By Peter Schroeder Businesses want Washington to increase the U.S. debt limit as part of a package to avoid the “fiscal cliff,” thus averting two crises in one go. But conservative Republican lawmakers would cry foul. For, while corporate America wants to head off market turmoil and the economic uncertainty that debt-limit drama might bring, [...]

November 23rd, 2012|

Financial industry perspective on economic impacts of fiscal cliff

It’s no surprise that the impending “fiscal cliff"– a combination of automatic spending cuts and expiring tax rates – has taken center stage as the critical policy issue facing Congress and the White House following the November election.  If policymakers are unable to avert the fiscal cliff prior to January 1, 2013, millions of American [...]

November 2nd, 2012|

On Addressing the Fiscal Cliff

Forum CEO Letter to President Obama and Members of Congress: "We write today to urge you to work together to reach a bipartisan agreement to avoid the approaching "fiscal cliff," and take concrete steps to restore the United States' long-term fiscal footing. The consequences of inaction - for stability in global financial markets, for economic growth, for millions of Americans still without work, and for the financial circumstances of American businesses and households - would be very grave."

October 18th, 2012|

Reuters: Top bankers urge Washington to avoid fiscal cliff

Top finance executives on Thursday urged the Obama administration and Congress to stop automatic fiscal austerity measures from kicking in at year-end but did not propose fresh ideas for replacing those harsh budget and tax measures.  Read more...

October 18th, 2012|

Wall Street Journal: CEOs to Washington: Focus on Fiscal Cliff

By Damian Paletta A growing number of chief executives are – cautiously – telling the White House and Congress to more urgently address looming spending cuts and tax increases that are set to begin in January. Read more...

October 18th, 2012|

Washington Post: CEOs warn Obama, Congress to avoid ‘fiscal cliff’

By Zachary Goldfarb The largest U.S. financial firms warned Thursday of dire consequences if Washington fails to head off year-end tax hikes and spending cuts, saying they could jolt the economy into recession and prompt a new and dangerous downgrade of the U.S. credit rating.  Read more...

October 18th, 2012|