WASHINGTON (Reuters) - A stalemate over how to tackle a series of fiscal deadlines at year's end would likely push the United States economy into recession in the first half of next year, the Congressional Budget Office warned on Tuesday. A wave of U.S. tax hikes and automatic spending cuts - dubbed the "fiscal cliff" - are set to take effect in January unless Congress and the White House agree on ways to delay or revise at least some of them. The CBO, the official budget and economic analyst for lawmakers, said the U.S. economy would contract at an annual rate of 1. ... Czytaj więcej »
Here's a look at how some companies that had initial public offerings of stock since January 2011 are faring. The companies are all loosely Internet-related, though their businesses vary widely. Czytaj więcej »
(Reuters) - The Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets $3.5 million for providing inaccurate information related to subprime securitizations. The brokerage and securities arm of Citigroup posted inaccurate mortgage performance data on its website from January 2006 to October 2007, the regulator said in a statement, adding that the data remained on the website until this month. ...
WASHINGTON (Reuters) - A sharp fiscal contraction next year could derail the U.S. economic recovery, the Organization for Economic Cooperation and Development warned on Tuesday as it urged the government to move only gradually to tighten its budget. A wave of U.S. spending cuts and tax hikes - dubbed the "fiscal cliff" - are set to take effect in January unless politicians agree on ways to delay at least some of them. Bush-era tax cuts and jobless benefits for the long-term unemployed are both set to expire. In addition, $1. ... Czytaj więcej »
"Fiscal cliff" could cause U.S. recession: CBO
22.05.2012 23:18 
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