The U.S. “fiscal cliff” clock is ticking loudly, and so far U.S. politicians haven’t been able to cooperatively silence it. A sweeping roster of automatic spending cuts and tax hikes remain set to go into effect at year-end with what could be detrimental economic consequences. Our Templeton Global …
FranklinTempleton muni co-director Rafael Costas says the very high long-term cost of funding that California would suffer after a default will keep the state paying on its current obligations.