Barack Obama on Tuesday signed into law a landmark bill that allows a rare tax increase that will hit the nation's wealthiest households in a bipartisan budget deal that stops the world's largest economy from falling into a deep fiscal crisis and recession. CNN-IBN's Surya Gangadharan joined IBNLive readers for an interaction over the deal. ...
06:15 PM, Jan 03, 2013
The United States must do more than the recently passed "fiscal cliff" measures if the country is to rescue its Aaa debt rating from its current negative outlook, rating agency Moody's Investors Service said on January 3. Standard & Poor's said the deal does not affect its negative view of the US credit outlook, and said more work remains ahead for policymakers. ...
11:25 AM, Jan 03, 2013
The US Congress has approved a rare tax increase that will hit the nation's wealthiest households in a bipartisan budget deal that stops the world's largest economy from falling into a deep fiscal crisis and recession. ...
11:28 AM, Jan 02, 2013
The U.S. Congress approved a rare tax increase on Tuesday that will hit the nation's wealthiest households in a bipartisan budget deal that stops the world's largest economy from falling into a deep fiscal crisis and recession. ...
09:53 AM, Jan 02, 2013
A months-long battle over the US "fiscal cliff" headed to a close on Tuesday as the House of Representatives moved toward final approval of a bipartisan deal meant to prevent Washington from pushing the world's biggest economy into recession. ...
09:04 AM, Jan 02, 2013
Fiscal cliff, guru and spoiler alert are among words that should be removed from the vocabulary in 2013, according to a group of US academics. Michigan's Lake Superior State University (LSSU) have released their '38th Annual List of Words to be Banished from the Queen's English for Misuse, Overuse and General Uselessness' on December 31 with fiscal cliff, guru and spoiler alert among recommended terms they think need to be...
03:57 PM, Jan 01, 2013
Hours past a self-imposed deadline for action, the Senate passed legislation early New Year's Day to neutralise a fiscal cliff combination of across-the-board tax increases and spending cuts that kicked in at midnight. The pre-dawn vote was 89-8. ...
12:43 PM, Jan 01, 2013
The agreement includes a balance of spending cuts and revenue increases to pay for the delay in the automatic spending cuts. ...
12:15 PM, Jan 01, 2013
Racing against the clock, the White House reached agreement with congressional Republicans late on Monday on a deal to prevent across-the-board tax increases and spending cuts to government programs from taking effect at midnight, according to administration and Senate Democratic officials. ...
08:10 AM, Jan 01, 2013
The United States looked on track to tumble over the "fiscal cliff" at midnight on Monday, at least for a day, as lawmakers remained reluctant to back last-minute efforts by Senate leaders to avert severe tax increases and spending cuts. ...
03:23 AM, Jan 01, 2013
The rupee fell due to oil-related dollar demand on Monday, ending 2012 with its second consecutive yearly fall, weighed down by a wide current account gap, the slow pace of financial reforms, and economic uncertainty at home and abroad. However, the rupee ended 2012 with an improved tone, recovering some 4.2 per cent from the record low of 57.32 touched in June, when investor confidence in the economy and the...
08:36 PM, Dec 31, 2012
As the year winds down to a close US President Barack Obama has said the school shooting at Newtown, Connecticut, was the worst day of his presidency. ...
11:27 AM, Dec 31, 2012
Amid turbulent times for the stock markets across the world, the equity turnover fell on Indian bourses as well in 2012, but the fall was meagre at 1.57 per cent when compared to the global average. Globally, the equity turnover fell sharply by 14.7 per cent, while the fall was nearly 8 per cent for the bourses in Asia Pacific region as well. ...
02:11 PM, Dec 30, 2012
President Barack Obama and lawmakers are launching a last-chance round of budget talks days before a New Year's deadline to reach a deal or watch the economy go off a "fiscal cliff." Obama and Vice President Joe Biden will meet congressional leaders from both parties at the White House on December 28 at 3 pm EST to try to revive negotiations to avoid tax hikes and spending cuts - together...
12:02 PM, Dec 28, 2012
President Barack Obama returned to the White House on Thursday from a vacation shortened by government gridlock while Democrats and Republicans snarled across a partisan divide and showed no sign of compromise to avoid year-end tax increases and spending cuts. ...
04:06 AM, Dec 28, 2012
Speaking at his first press conference since his re-election, US President Barack Obama said he would save the economy from hurtling down a fiscal cliff. ...
07:54 AM, Nov 15, 2012
Flush with re-election vigor, US President Barack Obama took on the fiscal deficit issue calling for the House of Republicans to immediately pass a bill already approved by the Senate that would maintain current tax rates for middle-class Americans, while increasing taxes of wealthier citizens. Obama also said that fiscal deficit was a top priority. "Our work is made that much more urgent because at the end of this year ...
09:56 AM, Nov 10, 2012
The Republicans have offered newly re-elected US President Barack Obama a short-term fix to the so called fiscal cliff, but insisted they would not cave in to tax increases to boost revenues. ...
11:15 AM, Nov 08, 2012
New Delhi: Indian markets tumbled on on Thursday as Wall Street worried about the fiscal crisis and the European economy's further deterioration, underpinning the safe-haven dollar and yen as well as US Treasuries on safety bids. US Congress must avert the fiscal cliff of nearly $600 billion worth of spending cuts and tax increases set for early 2013. There is also the issue of a debt ceiling, which needs to...
10:00 AM, Nov 08, 2012
Washington: One day after a bruising, mixed-verdict election, President Barack Obama and Republican House Speaker John Boehner both pledged on Wednesday to seek a compromise to avert looming spending cuts and tax increases that threaten to plunge the economy back into recession. Senate Majority Leader Harry Reid, D-Nev said "Of course" an agreement is possible. While all three men spoke in general terms, Boehner stressed that Republicans would be willing...
07:09 AM, Nov 08, 2012
