Everyone’s Worst Nightmare Has Come True: The Endless Greek Bailo
http://newsdoors.blogspot.com/2013/01/everyones-worst-nightmare-has-come-true.html Everyone’s Worst Nightmare Has Come True: The Endless Greek Bailout Has Now Shifted to D.C.
Tax part of fiscal-cliff deal reached, says McConnell
Lawmakers have reached an agreement on all tax issues related to the fiscal cliff, Senate Republican leader Mitch McConnell said Monday afternoon, adding that negotiators are “very, very close” to a broader deal.
Optimism about averting the fiscal cliff increased Monday amid positive statements from McConnell and President Barack Obama, who during a public appearance at the White House said: “They are close, but they are not there yet.”
McConnell called for an immediate vote on taxes, but one hadn’t been scheduled as of Monday afternoon.
Liberals upset by emerging fiscal-cliff deal
Liberal Democrats, inside and outside Congress, were grumbling Monday as more details emerged about the possible deal to avert the fiscal cliff. It was unclear if the unhappiness would keep the Senate from voting on the measure.
For instance, former Clinton cabinet member Robert Reich called the deal “lousy.”
One common complaint was that President Barack Obama did not win any concessions from Republicans on the debt ceiling.
If the limit is not raised by late February or early March, the U.S. would default on its debt.
If Greece’s default isn’t arranged by parliament, it will enacted on the streets with bloody consequences - November 12th, 2012