As the fiscal cliff deadline looms, President Obama used his Saturday radio address to echo his demand that Congress act. The nation is perceived to be falling off a fiscal cliff, and the incumbent politicos are arguing over automatic tax hikes and budget cuts. Obama had this to say: “You meet your deadlines and your responsibilities every day,” Obama told his radio audience. “The folks you sent here to serve […]
Shares closed lower on concerns the negotiations surrounding the resolution of the fiscal cliff issues were going nowhere. Investors have been seeking higher yields from emerging markets but have been spooked about a potential recession in the largest global market, Catherine U.S. Global investors are on tenter hooks that a deal can be struck between the Republicans and the Democrats. Since no resolution has been reached, markets have taken the […]