Bowles and Simpson Propose a Framework to Reduce Deficit

Mar 04 2013 @ 11:08
With an aim to bring fiscal discipline, President Obama formed National Commission on Fiscal Responsibility and Reform back in 2010. Erskine Bowles and Alan Simpson were chosen to co-chair this commission. The Commission, informally dubbed as Bowles-Simpson, suggested hosts of measures in that December—which, if implemented, would have helped the federal government shrink its deficit […]

US Sequester: Obama signs budget cuts into law

Mar 03 2013 @ 16:18
Growth concerns grow following $85bn of “dumb, arbitrary” cuts implemented after political stalemate President Obama has signed into law federal spending cuts worth $85bn, after the Democratic and Republican parties failed to reach agreement on how to balance the nation’s finances. Known as the sequester the spending cuts, described  by the President as being “dumb” […]

As Blame Game Continues, the Threat of Sequester Looks Almost Reality

Mar 01 2013 @ 11:48
Even as President Obama in his opening State of the Union remarks last month said that sequester is a “bad idea” for the U.S. economy ,reiterating his demand for combination of taxes  and spending cuts in order  to avert $85 billion annual across-the-board budgets cuts, Republicans are almost certain that sequester will come into effect […]

Obama Urges the GOP to adopt “More Balanced” Approach

Feb 28 2013 @ 07:36
A few weeks ago President Obama urged the Congress to formulate measures that would help in trimming down nation’s fiscal deficit in a more gradual way rather than sudden kneejerk cuts.

Reid Rules out Spending Cuts if More Revenue is Not Raised through Taxes

Feb 26 2013 @ 08:58
Senate Majority Leader, Harry Reid (D-Nevada), earlier this month reiterated that any new budget deal, aimed at averting  series of draconian spending cuts or sequester—which is scheduled to come into effect from March 1— would have to include additional revenue through taxes.

Obama hails “renewed” economic confidence

Feb 13 2013 @ 05:34
President uses State of the Union address to economic growth Barack Obama has called for action to “reignite” the US economy. During his annual State of the Union address to both houses of congress, the President argued that the country had “cleared away the rubble of crisis, and we can say with renewed confidence that […]

Black Swan New Year Letter 2013: China to recover, US to recover, Europe Doomed

Feb 13 2013 @ 05:04
This is the annual letter sent out by my friend Richard Poulden. This year – as every year – we wil hold a 10 minute debate at the UKInvestor Show – I am not sure of the subject matter yet but it is always sparky. I am not sure that I agree 100% on China […]

US adds jobs as Dow surges

Feb 02 2013 @ 18:21
157,000 jobs created in January as Dow Jones passes 14,000. The US economy added 157,000 jobs during January, figures released on Friday reveal. Coming soon after the news that the national economy contracted by 0.1% in 2012 and on the day that the Dow Jones Industrial Average index passed 14,000, the job figures have added […]

Business Leaders Warn Cameron Over EU

Jan 13 2013 @ 15:42
Virgin Group Chairman Sir Richard Branson and WPP CEO Sir Martin Sorrell back UK Membership of the European Union UK business leaders have signed a letter warning Prime Minister David Cameron from seeking a whole renegotiation of the country’s membership of the European Union (EU). Supported by Virgin Group Chairman Sir Richard Branson, BT Group […]

Obama: Debt Ceiling Failure would be “Catastrophic”

Jan 06 2013 @ 09:43
President Barack Obama has said that failure by the United States government to reach an agreement on further raising the nation’s debt ceiling would lead to “catastrophic consequences”. The Democratic president faces the challenge of reaching an agreement with Republican majority in the House of Representatives, with the Unites States Senate currently under Democratic control, but […]
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