JFK understood that high tax rates, even on the rich, bring inequities into the nation's political economy that do not befit America's traditions.» Read More
Insight on a possible vote on the "fiscal cliff," with Sen. Jerry Moran (R-KS). "If sequestration is going to be postponed, it's going to be payed for by reduced spending elsewhere," he says.
CNBC's John Harwood and Eamon Javers report the latest in Washington; and Senator Tom Coburn (R-KS), offers perspective from the Senate; and Igor Volsky, ThinkProgress.org; and Robert Costa, National Review, provide perspective.
Republican and Democratic negotiators careened toward a mid-afternoon deadline, still uncertain they can come up with a deal to avoid the "fiscal cliff."
Can investors expect a deal on the "fiscal cliff"? Jared Bernstein, Center on Budget & Policy Priorities; Jim Pethokoukis, American Enterprise Institute; Blake Zeff, Former Obama Presidential Campaign Aide; and Robert Costa, National Review, share their opinions.
Russian president Vladimir Putin signed a bill today banning adoptions by Americans starting January 1 in retaliation to the U.S. Magnitsky Act signed by President Obama. Former Pentagon Advisor Michael Rubin, offers insight.
Will there be a deal on the "fiscal cliff"? Jared Bernstein, Center on Budget & Policy Priorities and Jim Pethokoukis, American Enterprise Institute, provide perspective; and what will going over the fiscal cliff mean for banks, with Dan Geller, Market Rates Insight.
CNBC's Hampton Pearson reports a nationwide survey shows people of high net worth, with more than $5 million in assets, have been much more proactive in planning for the "cliff" versus those with less.
The International Longshoremen's Association and the U.S. Maritime Alliance came to an agreement today to extend their current contract for 30 days. Jonathan Gold, The National Retail Federation, provides perspective.
President Obama made a statement on the "fiscal cliff" tonight, with CNBC's John Harwood; and discussing the fix to the fiscal fiasco, with Rep. James Lankford, (R-OK); Blake Zeff, Former Obama Presidential Campaign aide; Robert Costa, National Review; Larry Glazer, Mayflower Advisors; and Jim Iuorio, TJM Institutional Services.
Dan Senor, Council on Foreign Relations, offers insight on the talks underway to avoid Israeli ground invasion.
The markets are making a big bet on some optimistic signs of progress in resolving the fiscal cliff, with Liz Ann Sonders, Charles Schwab, and Brian Kelly, Shelter Harbor Capital.
Some Republicans are resisting the call for a "message overhaul," with Larry Elder, Radio Talk Show host; Igor Volsky, ThinkProgress.org; Mark Simone, WABC Radio Talk Show host; and Phil Musser, former executive director of the Republican Governors Association.
The walk-out by the Bakers Union may wind up costing 18,500 job losses. Robert Oakley, BCTGM Union vice president, offers insight. "These people are not outside because they want to be," explains Oakley. "
President Obama, trying to break the stalemate over the fiscal crisis, challenged Republicans on Friday to agree to a quick deal to prevent a tax increase for all but the wealthiest Americans and the expiration of long-term unemployment benefits.
Former CIA director David Petraeus reportedly told the House and Senate Intelligence Committees today that his agency knew almost immediately that Al Qaeda was behind the Benghazi consulate attack, reports NBC's Steve Handelsman. Is he contradicting himself? Michael Rubin, American Enterprise Institute and Alexis Levinson, The Daily Caller, share their opinions.
Reuters is reporting according to a Republican aide, the GOP might return December 27, and that they might have a new fiscal cliff plan. CNBC's John Harwood and Larry Kudlow, share their opinions.
Senator Chuck Grassley says the very day A123 filed for bankruptcy, the Department of Energy sent a check to the company for nearly $1 million, reports CNBC's Eamon Javers.
"The markets expect something will get done, even with the developments tonight," says Joe Terranova of Virtus Investment Partners. Sarah Fagen, Former George W. Bush senior aide, and Matt Miller, Washington Post, weigh in.
Discussing Speaker Boehner's comment that "it is up to the President to work with Senator Reid on legislation to avert the fiscal cliff," with CNBC Contributor Jared Bernstein and Katherine Mangu-Ward, Reason Magazine; and checking on the Asian markets, with CNBC Asia's Adam Bakhtiar.
There won't be a house vote on Boehner's "Plan B" tonight. Will this spark a year-end correction? Brian Kelly of Shelter Harbor Capital and Jim Iuorio, TJM Institutional Services, discuss. "The markets are going to start pricing in that we're fully going over the cliff," says Kelly.