Category Archives: Economy

Economy

U.S. Senate To Vote On Spending Bill –

The United States Senate is expected to vote on a spending bill this Friday.  The deadline to avoid a partial shutdown of the Federal government is October 1st.  The measure supported by the Democratic controlled Senate is expected to be almost … Continue reading

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State Of The Union 2013 –

The 2013 State of the Union was delivered on February 12th, 2013 at 9 pm.  The White House site provides the State of the Union Address and outlines for the economic plan.  The State of the Union Address lasted slightly more … Continue reading

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Fiscal Cliffhanger –

Republicans and Democrats are expected to return on New Year’s Eve to continue negotiations.  Republican Senator Lindsey Graham was upbeat about the chances of reaching an agreement before January 1st.  The Senate agreement may include tax increases for couples earning more than … Continue reading

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Consumer Confidence Falls –

Consumer confidence continued to fall as the nation gets closer to the deadline for the fiscal cliff.  The twelve month outlook and expectations of consumers also fell sharply in recent surveys.  Currently, Republicans and Democrats are far apart in negotiations relating to … Continue reading

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First Presidential Debate –

The first of three Presidential debates takes place tonight in Denver Colorado with Jim Lehrer as the moderator.  Mitt Romney is looking for a strong performance in the debate which might improve poll numbers.  Currently, polls indicate that Romney is … Continue reading

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Congressional Quarterly Roll Call –

CQ Roll Call has an Executive Briefing series that covers Banking & Finance, Defense, Energy, Transportation, and Technology.  CQ Roll Call also offers legislative tracking and advocacy tools.  CQ Weekly and CQ Today cover the legislative process as well as the House … Continue reading

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Greece Downgraded –

Fitch Ratings downgraded Greece one notch from B- to CCC.  A lower grade would place Greece in default.  The Greece downgrade was partially due to the risks associated with a possible exit from the European Union.  Greek elections are expected to be held … Continue reading

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Republican Mourdock Defeats Senator Lugar –

Indiana Republican Senator Dick Lugar was defeated in a Republican primary by Richard Mourdock.  Senator Lugar has held the Indiana Senate seat for 35 years.  Mourdock is the Indiana State Treasurer and won the election despite being heavily outspent by Senator Lugar.  Mourdock will face … Continue reading

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Moody’s Cuts Greece Rating –

Moody’s lowered the credit rating for Greece to C from Ca.  Moody’s indicated that the debt restructuring would provide investors with significantly less than their face value.  Earlier in the week, Standard & Poor’s indicated that the restructuring plan for … Continue reading

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Congress Passes Payroll Tax Cut –

Congress passed a measure to extend the payroll tax cut for the remainder of 2012.  The measure passed the House 293-132 and the Senate 60 -36.  In the Senate, 14 Republicans voted for the measure and 5 Democrats and 1 Independent … Continue reading

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Payroll Tax Floor Vote –

The House and Senate could vote on the payroll tax deal as early as Friday.  Four Democratic Senators and all 13 House Representatives at the payroll tax conference signed the agreement.  Republic Senators did not sign the agreement but that should not … Continue reading

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Republicans Propose Payroll Tax Cut Extension –

Republican leaders in the House are supporting the extension of the payroll tax cut without reductions in spending.  This clears a major hurdle in negotiations to extend the payroll tax cut which applies to 160 million workers.  The payroll tax … Continue reading

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Gingrich Takes South Carolina –

Newt Gingrich won the South Carolina primary and has the lead in delegates for the Republican Presidential nomination.  Gingrich finished with 40% of the vote and gained momentum heading into Florida.  Romney came in second with 27% and Santorum finished in third … Continue reading

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Trade Deficit Increases –

According to the Commerce Department, the U.S. trade deficit increased by 10.4% to 47.8 billion in November.  The increase was larger than economists had expected and was the widest trade deficit since June.  Petroleum products accounted for a significant amount of the increase in … Continue reading

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U.S. Factory Output & Jobs Improve –

The Institute of Supply Management’s factory index rose to 53.9 for the month of December.  The increase marked the fastest that U.S. manufacturing has expanded in the last 6 months.  The jobs report also showed gains for the month of December.  … Continue reading

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