Members of a House-Senate committee charged with writing a measure to extend a payroll tax reduction and provide added unemployment benefits reached a tentative agreement Tuesday evening, with Republicans and Democrats claiming a degree of political victory in a fight with significant election-year implications, the New York Times reports.
In the short time between the election and Dec. 31, the lame duck U.S. Congress has a “golden opportunity” to close two-thirds of the budget deficit by letting tax cuts expire and allowing mandatory budget cuts to kick in, Roger Altman, founder of Evercore Partners and a former deputy U.S. Treasury secretary, told CNBC.
With two trading days left in the year, “Fast Money” pro Anthony Scaramucci shared his 2012 predictions on Europe, gold, the U.S. dollar, Iran and Occupy Wall Street.
There's a number of big issues out there that will have a bearing on the economic well-being of Americans, and voters are beginning to wonder where the presidential candidates stand on some of them.