News from across the continent
29/11/2012 05:58:31 PM
29/11/2012 01:59:49 PM
29/11/2012 12:08:28 PM
29/11/2012 10:22:02 AM
29/11/2012 07:11:08 AM
29/11/2012 06:05:23 AM
29/11/2012 12:32:48 AM
28/11/2012 07:28:26 PM
Publish Date29/11/2012 05:58:31 PM
So far the Congress is trying to head off more than $600 billion in automatic spending cuts and tax increases set to begin in January and heated up pressures are surrounding the recent talks regarding the fiscal cliff with the House Speaker John Boehner affirming publicly that he is open to a budget deal with President Barack Obama.
Not forgetting yesterday where the local shares of the country closed in green as optimism was strongly felt and spread after comments by Speaker of the House John Boehner and President Barack Obama fueled optimism an agreement can be reached in budget talks to accordingly erase yesterday`s prior loss for the Standard & Poor’s 500 Index.
As for today John Boehner have called on Obama to propose a way to trim entitlement programs in exchange for more tax revenue while that all sides; republicans and democrats, are doing their best to reach an agreement that would actually persuade and satisfy the president.
If truth be told it is crystal clear for everyone up till now that some unity has to be shown and applied to reach a resolution and an agreement regarding the fiscal cliff and to prevent a worsened recession that will only drawn every person on the U.S soil.
A reason why the House Speaker John Boehner is cheerful regarding this factor and affirmed accordingly: "I`m optimistic that we can continue to work together to avert this crisis, and sooner rather than later"
Yet John Boehner believes that democrat`s current position remains lighthearted and actually not serious enough regarding the fiscal cliff considering that they should get grimmer on spending cuts and that according to him they need an "adult leadership".
Plus according to him as well he sees that not only the democrats seemed to be taking an appropriate slight behavior regarding the fiscal cliff but also the White House saying "the White House has to get serious" in talks to avert the "fiscal cliff."
And finally to truly make his point clear and trigger change and instant action throughout the Democratic Party he added: "Jobs are on the line, the American economy is on the line, and this is a moment for adult leadership. ... The White House has to get serious."
Opinions expressed at ICN.com are those of the individual authors and do not necessarily represent the opinion of ICN.com or its management, shareholders, affiliates and subsidiaries. ICN.com has not verified the accuracy of any claim or statement made by any independent writer and is reserved as their own and ICN.com is not accountable for their input. Any opinions, news, research, analysis, prices or other information contained on this website, by ICN.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. ICN.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market prices, meaning prices are indicative and not appropriate for trading purposes. ICN.com does not bear any responsibility for any trading losses you might incur as a result of using this data.
©2012 ICN.COM. ALL RIGHTS RESERVED