World Week Ahead Can Santa bring budget deal

Sun, 23 Dec 2012

By Margreet Dietz Dec 24 (BusinessDesk) – The focus on this holiday-shortened week on both sides of the Atlantic will remain keenly on the attempts to reach a US budget deal after talks ground to a halt. There is just one week left to find a compromise acceptable to both Democrats and Republicans and prevent US$600 billion of tax increases and spending cuts that would probably tip the world's largest economy into recession in 2013. Still, optimism remains that President Barack Obama and House Speaker John Boehner will succeed. "The market...

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