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The House will reconvene on Sunday in an attempt to strike a last-minute fiscal cliff deal,...

  • Thursday, December 27, 2012, 2:54 PM ET
    The House will reconvene on Sunday in an attempt to strike a last-minute fiscal cliff deal, Congressmen have been told. Equities are bouncing on the news. S&P -0.8%. Dow -0.5%. NASDAQ -0.6%. Pres. Obama may have a new proposal for Republicans to weigh.
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This news story has 29 comments:

  •  
    Pull the other one.
    27 Dec 2012, 02:56 PM Reply Like
  •  
    So the Tea Party Patriots have decided to compromise, tail between their legs. I am so disappointed.
    27 Dec 2012, 02:56 PM Reply Like
  •  
    Where do you see this Macro? All I see is people contradicting each other all over...
    27 Dec 2012, 03:00 PM Reply Like
  •  
    I"m not disappointed, I hope the hard headed idiots tuck their collective tails and run themselves completely out of this country.. T'baggers have done more to damage this countries credibility than any person or group I can think of. Next we need to vote them all out of office so we can return to a Government of the majority. The majority of the popular vote said no to Romney and the T'baggers. I do truly hope this is their swan song so I can get my Republican party back from these crack pots! Reagan is probably rolling over in his grave because of what the T'baggers have done to his party. Looking forward to the day the Republican party and America is T'bagger free!
    27 Dec 2012, 03:14 PM Reply Like
  •  
    I want more and more Tea Party Patriots in the Republican Party. They are the best thing that has happened to this country in a long time. I am counting on them to make the Republican Party completely marginal in the USA.
    27 Dec 2012, 03:17 PM Reply Like
  •  
    I didn't know Terry330 had another user account
    27 Dec 2012, 03:34 PM Reply Like
  •  
    and bankrupt?
    28 Dec 2012, 04:34 AM Reply Like
  •  
    and bankrupt? neither side is cutting a thing....just the rates of increase which is not a cut...both sides are incredibly incompetent and self serving
    28 Dec 2012, 04:35 AM Reply Like
  •  
    Oh they are working so hard...its going down to the wire....those hard working congresspeople...lol..... low level manager could have made the decisions months ago and would be working on the next sale or problem by now....not our congressmen..its takes 5,000 to change a light bulb...and all of them want to touch it...what a joke we are
    27 Dec 2012, 03:03 PM Reply Like
  •  
    Just another ploy to goose the market before year end bonuses are affected. The Dems can't let all that beautiful printing go for naught.
    27 Dec 2012, 03:05 PM Reply Like
  •  
    Seriously! They should just have let the economy go to hell in a handbasket instead, as Tea Party Patriots would rather have them do.
    27 Dec 2012, 03:07 PM Reply Like
  •  
    Thank the Lord Congress will be reconvening. That is great comfort knowing Speaker Boehner is taking control. Yes. I feel much better.
    27 Dec 2012, 03:06 PM Reply Like
  •  
    I think it is more like Reid taking control and slapping Boehner around. Reid made a brilliant comment about the Senate being back and working to avoid the fiscal cliff while the House enjoys a good vacation as the country falters. I really love Reid!
    27 Dec 2012, 03:10 PM Reply Like
  •  
    Speaking of vacationing pols, aren't the US taxpayers covering Obama's lavish Hawaiian holiday for million$?
    27 Dec 2012, 04:31 PM Reply Like
  •  
    And he comes back from that vacation to fix the worlds problems. What an ingrate!
    27 Dec 2012, 04:45 PM Reply Like
  •  
    And every president before and all that will come after. Drop in the bucket overall and budgeted in long ago so it has no impact.
    27 Dec 2012, 04:47 PM Reply Like
  •  
    Micro, they owned both houses of congress for two years and couldn't pass a budget. Could you keep your rabid politics off this site please.
    27 Dec 2012, 05:18 PM Reply Like
  •  
    w/ Choosh, ... AMEN!
    27 Dec 2012, 05:51 PM Reply Like
  •  
    Only right wing rabid politics is allowed, eh?
    27 Dec 2012, 05:55 PM Reply Like
  •  
    Choosh, the Dems didn't have enough votes to get past the criminal use of the filibuster.
    27 Dec 2012, 07:14 PM Reply Like
  •  
    I think the Mac is probably Reid in disguise. Proof you can grow old being a fool.
    29 Dec 2012, 02:27 PM Reply Like
  •  
    a wholly-likely "kick the can down the road" outcome, at best. it's just so embarrassing to be an evolving 3rd. world country. and, that's probably an insult to a number of 3rd. world countries.
    27 Dec 2012, 03:09 PM Reply Like
  •  
    What in practical terms is really needed at this time faced with the two related fiscal issues upon which all eyes are focussed: the so-called fiscal cliff and the fact that the US Federal Government legislated debt limit will be reached in a matter of days?

    The thing to note about both these 'artificial' issues (i.e. artificial in the sense that the hightened crisis at year end in each case arises because of legislation that now governs the matter in question and that legislation can be changed) is that the real issue underlying each is the ongoing crisis in the US economy. Clearly the many difficult aspects of the ongoing US economic crisis can not be meaningfully addressed by year's end. Arguably, therefore, what it is reasonable to expect (reasonable in the sense that serious people would move in this way) over the next four or so weeks is clear evidence that the Republicans and Democrates are prepared to work together constructively to find common ground to address both the 'artificial' and underlying issues.

    In other words, the bad outcome would be continued and more deeply entrenched regidity on both sides and the good outcome would be meaningful evidence that serious efforts of a bi-partisan nature are likely over 2013 to really get to the heart of the economic problems. The fiscal cliff and the debt ceiling are merely surface manifestations and the manner in which they will be addressed over the next weeks are really only important insofar as the political atmosphere improves or darkens.
    27 Dec 2012, 03:41 PM Reply Like
  •  
    The thing to note, in practical terms, is that in seeking remediation of such deeply entrenched afflictions, some amelioration of the aforesaid conditions might be had to an outcome of good on all sides, of which three sides compose a part of a bi-partisan but not wholly uni-partisan position, would be meaningfully addressed by clear evidence of the underlying issues. The following present some manifestations in a manner which both lightens and darkens the subject at hand, which both improves and disproves the current atmosphere, which is arguably at a pressure gradient beyond which many weeks shall pass before that which is natural replaces the artificial.

    To wit:

    http://bit.ly/Rl85gt

    http://bit.ly/12T1hcx

    http://bit.ly/Rl838z
    28 Dec 2012, 03:20 AM Reply Like
  •  
    Nice parody Cincin!

    Have a great 2013
    28 Dec 2012, 10:48 AM Reply Like
  •  
    IMO both sides are a joke. This was an issue last year at this time and was ignored all year in response to the elections. Both sides spend more time raising money than working on issues (so sayeth independent groups, not just myself). It seems fitting that we hold the debt ceiling and force cuts. I believe out cuts should begin where responsible, right in Congress. There are some great ideas out there, it just happens that none of them seem to come from those elected to be there. I'm so tired of the whole mess I could care less. Oddly enough, there is no where else I'd rather be though.
    27 Dec 2012, 03:54 PM Reply Like
  •  
    My guess is that Republicans in Congress are trying to manipulate the markets to benefit their top 2% owners.
    27 Dec 2012, 04:10 PM Reply Like
  •  
    Yes that sounds totally plausible. About as likely as George Sorros getting Obama to not allow new leases off the gulf while he buys stock in Petrobraz. Give up the BS conspiracy and think a little. Good God!
    27 Dec 2012, 04:46 PM Reply Like
  •  
    It never ceases to amaze me that people that so totally rational about economics will fall into totally irrational speak about so many other things. Not only here, but everywhere, release the emotional aspect and look at the facts and draw a conclusion.
    27 Dec 2012, 04:51 PM Reply Like
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