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The White House is having advanced internal discussions about kicking the fiscal cliff can a bit...

Friday, November 16, 2012, 8:19 AM ET
The White House is having advanced internal discussions about kicking the fiscal cliff can a bit further down the road, reports the WSJ. Though surely not unexpected, the news has futures moving, the S&P 500 +0.3%.

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This news story has 19 comments:

IALF Comments (13)

The mess under the rug is getting bigger...

16 Nov 2012, 08:36 AM Reply Like

Misho ILIEV Comments (328)

They have no time to strike a comprehensive deal so markets will have to live wih uncertainty for a while.

16 Nov 2012, 08:45 AM Reply Like

Tommy_Finger Comments (312)

Actually, I called the White House to see if the Prez would like to upgrade his credit card and futures jump!? White House staff must be playing the markets.

LOL

16 Nov 2012, 08:45 AM Reply Like

wmateri Comments (243)

Why the failure to acknowledge the mess makes anyone happy is beyond me. I guess it allows Wall Street to play the sucker's game a bit longer but it sure seems dishonest at best. I think we need a new "accountability in politics" act and maybe one for bankers and brokers too.

16 Nov 2012, 08:50 AM Reply Like

Dirtydozen011 Comments (63)

Wow, what a victory this would be for politicians - "We decided to do nothing". What a way to lead the country

16 Nov 2012, 08:53 AM Reply Like

Windsun33 Comments (3924)

Can kicking again - gee, what a surprise.

16 Nov 2012, 08:53 AM Reply Like

Playing the Ponzi Comments (139)

And while this may make the market happier (or just relieved) for a day or two, I take this as very bad news for the economy. Without an actual resolution all the business spending and planning that is currently on-hold needs to remain on hold until there's an actual resolution!

16 Nov 2012, 08:56 AM Reply Like

mickmars Comments (1088)

Perpetual can kicking by all in Washington. No surprise.

16 Nov 2012, 09:02 AM Reply Like

The Geoffster Comments (3700)

Investors should look at the fiscal cliff as a purely political issue. The economic impact of falling off the cliff is secondary to the partisan advantage both parties hope to gain. It should be clear to anyone who has studied Obama's background and his first term that he is determined to bring fundamental social and economic change to the American people. He cannot achieve this by reaching a grand bargain with the Republicans who remain pro business and pro wealth creation. It remains to be seen who benefits from stalemate. From an investment standpoint, I am hedged long term for inflation.

16 Nov 2012, 09:10 AM Reply Like

tomlos Comments (492)

Yea, who is surprised? More spineless politicians who don't want to cut benefits to anyone, keep subsidizing both individuals and corporations while not being responsible in the least.

The house of cards will come crashing down, and when it does, the markets will be pissed, but the worst hit will be the "middle class" that the president so swore to protect. They are the most vulnerable to this garbage.

16 Nov 2012, 09:11 AM Reply Like