Home>Obama's Warning to Boehner Set Congress on Budget Deal Path
Obama's Warning to Boehner Set Congress on Budget Deal Path
Financial Planning News
Thu, 3 Jan 2013
President Barack Obama had a warning for John Boehner at a Dec. 13 White House meeting: Stop opposing higher tax rates for top earners, or the president would dedicate his second term to blaming Republicans for a global recession.
Short-term market gyrations over the unfolding Washington drama could make a good shopping opportunity for certain stocks, says Sanibel Captiva's Pat Dorsey.
Any deal to avert the fiscal cliff will modestly hit the economy, but legislators won't allow the worst-case scenario--and subsequent recession --to happen, says Northern Trust chief economist Carl Tannenbaum.
Morningstar director of economic analysis Bob Johnson addresses recent sluggishness in the economy and makes the case for better growth in the second half of the year.