We're only asking for more concrete steps in Europe, a stable tax regime here at home, productive corporate cash deployment, more jobs, and mild inflation.
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.
Concerns over Greek government turmoil, Italian debt, the ECB's mandate, and the sturdiness of the EFSF are complicating plans for a bailout, says Morningstar markets editor Jeremy Glaser.