Fiscal Cliff Looms Over Obama Second Term
- 5 years ago
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Barack Obama has won a second term in the White House, but there are $600bn of spending cuts and tax rises looming at the end of the year. Michael Hampden-Turner, macro-strategist at Citi outlines to Alphaville's Lisa Pollack market worries that US lawmakers could prefer to go over the so-called fiscal cliff rather than cut a deal.
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http://www.ft.com/intl/cms/s/0/7b984036-28a0-11e2-9591-00144feabdc0.html
For more on the 2012 US Presidential Election visit:
http://www.ft.com/intl/indepth/us-presidential-election-2012
Barack Obama has won a second term in the White House, but there are $600bn of spending cuts and tax rises looming at the end of the year. Michael Hampden-Turner, macro-strategist at Citi outlines to Alphaville's Lisa Pollack market worries that US lawmakers could prefer to go over the so-called fiscal cliff rather than cut a deal.
Related Articles:
http://www.ft.com/cms/s/0/4bf38476-285a-11e2-afd2-00144feabdc0.html
http://www.ft.com/intl/cms/s/0/7b984036-28a0-11e2-9591-00144feabdc0.html
For more on the 2012 US Presidential Election visit:
http://www.ft.com/intl/indepth/us-presidential-election-2012