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Fiscal Cliff

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A collection of news and information related to Fiscal Cliff published by this site and its partners.

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    May 14, 2013 |Story| Los Angeles Times

  1. Federal deficit shrinks at surprising rate

    WASHINGTON &mdash; The federal deficit is shrinking more quickly than expected, and the government's long-term debt has largely stabilized for the next decade, the <a href="http://www.cbo.gov/publication/44172">Congressional Budget Office said</a> Tuesday in a report that could strengthen the Obama administration's hand in the budget battles with congressional Republicans.
    WASHINGTON — The federal deficit is shrinking more quickly than expected, and the government's long-term debt has largely stabilized for the next decade, the Congressional Budget Office said Tuesday in a report that could strengthen the Obama...

    Tags: Politics, Paul Ryan, Credit and Debt, Elections, Gross Domestic Product

    2. May 8, 2013 |Story| Los Angeles Times

  2. Boehner: Bondholders should be paid first if debt limit breached

    WASHINGTON -- House Speaker John A. Boehner said holders of U.S. government bonds should be paid first if the nation's debt limit is breached, even if that means that China would get preference over the salaries of U.S. troops.
    WASHINGTON -- House Speaker John A. Boehner said holders of U.S. government bonds should be paid first if the nation's debt limit is breached, even if that means that China would get preference over the salaries of U.S. troops. Boehner (R-Ohio) defended...

    Tags: Politics, U.S. Department of the Treasury, White House, Peter Cook, John Boehner

    3. Apr 29, 2013 |Story| Los Angeles Times

  3. Stock spotlight: Mattel toys with ways to sell more products

    Barbie is vacating her pink Malibu mansion and hunting for international digs. Thomas the Tank Engine is being revamped as an even livelier locomotive. Max Steel, the new kid on the block, is marketed as a "modern day tech superhero."
    Barbie is vacating her pink Malibu mansion and hunting for international digs. Thomas the Tank Engine is being revamped as an even livelier locomotive. Max Steel, the new kid on the block, is marketed as a "modern day tech superhero." The toy brands,...

    Tags: Prices, New Products, Computer Hardware, Toys, Marketing

    4. Apr 29, 2013 |Story| Los Angeles Times

  4. Consumer spending and personal income climb in March

    WASHINGTON -- Consumers spent more in March even as their income rose less than analysts had projected, a mixed economic message to start a week that will end with the latest government unemployment report.
    WASHINGTON -- Consumers spent more in March even as their income rose less than analysts had projected, a mixed economic message to start a week that will end with the latest government unemployment report. Consumer spending was up 0.2% last month, down...

    Tags: Personal Income

    5. Apr 26, 2013 |Story| Los Angeles Times

  5. U.S. might not hit debt limit until October, new study says

    WASHINGTON -- The U.S. might not hit its debt limit until October because of improved economic growth and higher tax revenue this year, according to a new estimate released Friday.
    WASHINGTON -- The U.S. might not hit its debt limit until October because of improved economic growth and higher tax revenue this year, according to a new estimate released Friday. The projection by the Bipartisan Policy Center would give Congress and...

    Tags: Politics, U.S. Department of the Treasury, Budget Control Act of 2011, U.S. Congress, U.S. Senate

    6. Apr 16, 2013 |Story| Los Angeles Times

  6. IMF lowers global growth forecast, warns of risks to economic recovery

    WASHINGTON -- The International Monetary Fund on Tuesday lowered its forecast for global economic growth this year from projections made three months ago, and warned policymakers that they could not relax their efforts as risks to the recovery remain.
    WASHINGTON -- The International Monetary Fund on Tuesday lowered its forecast for global economic growth this year from projections made three months ago, and warned policymakers that they could not relax their efforts as risks to the recovery remain....

    Tags: Weather Reports, Politics, International Organizations, International Monetary Fund, Weather

    7. Apr 6, 2013 |Story| Los Angeles Times

  7. Jobs report paints a dreary picture

    Poor job growth and a large exodus of unemployed workers last month stifled weeks of upbeat economic data and marked a sobering reality check, signaling that hiring was likely to remain weak in the coming months.
    Poor job growth and a large exodus of unemployed workers last month stifled weeks of upbeat economic data and marked a sobering reality check, signaling that hiring was likely to remain weak in the coming months. Employers added a paltry 88,000 net...

    Tags: Quarterly or Semiannual Financial Statements, Unemployment, U.S. Postal Service, Unemployment Rate, Finance

    8. Mar 28, 2013 |Story| Los Angeles Times

  8. S&P 500 sets all-time closing high [video chat]

    <iframe id="spreecast-player" type="text/html" width="600" height="470" src="http://www.spreecast.com/events/money-co-sp-500-all-time-high/embed-medium" frameborder="0"></iframe>
    NEW YORK -- The broad Standard & Poor's 500 index broke a half-decade-old record, another sign of stocks' continuing rally this year. The S&P 500 added 6.34 points, or 0.41%, to 1,569.19 Thursday, the last trading day of the first quarter. The S&P 500...

    Tags: S&P 500, Stock Market, Credit Ratings, European Debt Crisis, Federal Reserve

    9. Mar 29, 2013 |Story| Los Angeles Times

  9. Remove Medicare's straitjacket

    Now that the budget "sequester" is in effect, Congress is shifting its attention to entitlement reform. There's simply no way to achieve long-term reductions in federal spending without touching the big health programs, particularly Medicare. Although raising the age of Medicare eligibility from 65 to 67 appears off the table, at least for now, the budget plan that Rep. Paul D. Ryan (R-Wis.) is proposing would shift a greater share of the program's growing costs to beneficiaries in the years to come.
    Now that the budget "sequester" is in effect, Congress is shifting its attention to entitlement reform. There's simply no way to achieve long-term reductions in federal spending without touching the big health programs, particularly Medicare. Although...

    Tags: Paul Ryan, Pharmaceuticals, Chemical Industry, Patient Protection and Affordable Care Act, Drugs and Medicines

    10. Mar 28, 2013 |Story| Los Angeles Times

  10. S&P 500 trades above all-time closing high

    NEW YORK -- The benchmark Standard &amp; Poor's 500 index burst through a half-decade-old record as stocks continued their strong rally.&nbsp;
    NEW YORK -- The benchmark Standard & Poor's 500 index burst through a half-decade-old record as stocks continued their strong rally.  The broad S&P index is on track to finish the day above its all-time closing high of 1,565.15 recorded Oct. 9, 2007....

    Tags: S&P 500, Money and Monetary Policy, Federal Reserve, Economy, Business and Finance, Finance

    11. Feb 25, 2013 |Story| Los Angeles Times

  11. Most economists see 'sequestration' budget cuts as unavoidable

    WASHINGTON -- With just a few days to go before new government spending cuts are set to take effect, what are the chances that another eleventh-hour action will avert the latest impending hit to the economy?
    WASHINGTON -- With just a few days to go before new government spending cuts are set to take effect, what are the chances that another eleventh-hour action will avert the latest impending hit to the economy? Very little, according to a survey of...

    Tags: Politics, Gross Domestic Product, Productivity, Labor Markets, Government

    12. Mar 25, 2013 |Story| Los Angeles Times

  12. No debt agreement, no break

    With no deal in sight to curb our growing national debt, America is going broke. So what do our representatives in Congress plan to do about it? Take a two-week break. Are they trying to see whether their abysmal 13% approval rating can sink any lower?
    With no deal in sight to curb our growing national debt, America is going broke. So what do our representatives in Congress plan to do about it? Take a two-week break. Are they trying to see whether their abysmal 13% approval rating can sink any lower?...

    Tags: Paul Ryan, Politics, Patty Murray, Budgets and Budgeting, John Boehner

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