World Week Ahead Edging closer to the cliff

Sun, 16 Dec 2012

By Margreet Dietz Dec. 17 (BusinessDesk) – The clock is ticking ever more rapidly as a budget deal between US Democrats and Republicans remains elusive, with less than two weeks before about $US600 billion of tax increases and spending cuts take effect, potentially pushing the world's biggest economy into recession. Last week made clear that lawmakers have made little progress in talks and that is capturing the attention of investors even with the most recent reports on the state of the US economy - including retail sales and the labour mar...

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