Fiscal Crisis

  • US fiscal negotiations sputter as deadline nears October 13, 2013

    Congressional negotiations to end a US fiscal crisis gripping Washington and spooking financial markets hung by a thread on Saturday after bipartisan talks broke down in the House of Representatives and shifted to Senate leaders. Senate Majority Leader Harry Reid, a Democrat, held an initial session with Senate Republican leader Mitch...
  • The US has averted a recession for now: Surya Gangadharan January 3, 2013

    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. CNNIBN's Surya Gangadharan joined IBNLive readers for...
  • Will Wall Street and Barack Obama bridge their divide? January 3, 2013

    The demonisation of the financial industry is not limited to the US. It's a global phenomenon. In the US, the need to bail out the banking industry was a very difficult political decision for Democrats in particular. The entire country was suffering in the recession. There was the notion that...