Tag Archives: Fiscal Cliff

Wall Street gained as a meeting between US President Barack Obama and House Speaker John Boehner at the White House today bolstered optimism a budget agreement will be reached soon. Wall Street took heart from the 45-minute gathering about which no further details were released. In afternoon trading in New York, the Dow Jones Industrial Average rose 0.62 percent, the …

The New Zealand dollar fell from a nine-month high amid concerns politicians in Washington are making no progress in talks to avert the fiscal cliff, countering the impetus growth assets got from the Federal Reserve’s further quantitative easing and weighing on stocks. The kiwi dollar fell to 84.23 US cents from 84.40 cents at 5pm in Wellington yesterday. The trade-weighted …

In an effort to try and connect with the public about his fiscal cliff message, US President Barack Obama did what had worked so well for him in his election campaigns – he tweeted. The President opted to connect directly with Americans about fiscal cliff negotiations by personally responding to select vocal detractors of his proposed solutions on taxes and spending. …

Weekend Video  Can Washington make a deal on the budget and avoid the tax increases of the looming “fiscal cliff?” Major Garrett has a first look at President Obama’s proposals and the Republican reaction.

BusinessDesk  The New Zealand dollar gained after comments from US House of Representatives Speaker and senior Republican John Boehner stoked optimism policymakers will set aside their differences and bypass the fiscal cliff of US$607 billion in automatic tax hikes and spending cuts, stoking investor confidence and pushing stocks higher. The kiwi dollar rose to 82.34 US cents at 8.30am in …

Breakfast Video  Is the U.S. fiscal cliff a serious downer for the greenback? Not according to Vincent Cignarella from the Wall Street Journal’s Markets Hub.

Breakfast Video  Jerry Seib on The News Hub looks at four ways leverage has tilted–slightly but perceptibly–toward President Obama in the current budget showdown with Congress. Seib points out any negotiator will tell you that the key in a bargaining session is knowing at the outset who has leverage, and where it comes from. “So it is in the great …

Video  U2’s Bono sits down with World Bank President Jim Young Kim to talk about what’s needed to end poverty. Bono estimates that the billions of dollars of tax hikes and potential funding cuts in the US could affect  275,000 people and lead to around 65,000 deaths.  The figures come from the American Foundation for AIDS Research. Bono said based …

Breakfast Video  Straight from the Whitehouse – Obama faces the press on fiscal cliff, Petraeus and more