Fiscal cliff looms as budget talks flare across 2012
Washington faces a high stake clash over tax increases and spending cuts that could trigger a recession. With Romney or Obama likely leading post election negotiations, bipartisan groups seek middle ground amid deep partisan splits and warnings from the CBO of a potential 1.3 percent GDP contraction in early 2013.
MENTIONED IN THIS ARTICLE
Washington
White House
Congress
Middle East
Barack Obama
Mitt Romney
Romney
Obama
Capitol
Erskine Bowles
Alan Simpson
Budget Office
Senate Defeats Trim Proposal in Major Farm Bill Debate
The Senate rejected a Sessions backed amendment to restore asset tests for food stamp eligibility as it begins voting on a $500 billion farm bill. The measure would shift farm support toward crop insurance and a revenue-loss program while cutting several safety nets. The bill aims to save billions over the decade and reduce conservation programs, with final passage expected by week’s end.
MENTIONED IN THIS ARTICLE
Senate
Washington
Congress
House
Jeff Sessions
R-Ala
Sessions
Grain futures show mixed bids amid volatile trading
A cloaked market summary notes price points and bid levels across months Juli Juli Juli indicating fluctuating grain values. The data lists bids for Sep Mar May and Dec contracts with percent changes and round figures, reflecting jittery trading and uncertain demand.
Oil prices rise on Fed stimulus hopes and Iran tensions
Oil rose as traders priced in potential Fed stimulus to spur the U.S. economy. WTI crude climbed to 84.03 a barrel amid Iran nuclear talks and the prospect of a July European embargo or conflict. Gas prices fell below 3.50 a gallon as spring declines continued.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
U.S
U.S. West Texas
Fed
Europe
Peter Donovan
Vantage Trading
Iran
Auto Club Aaa
Wright Express
Oil Price Information Service
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Senate Budget Committee
Kent Conrad
D-N.c
Maryland
Chris van Hollen
House Budget Committee
Paul Ryan
R-Wis
Massachusetts
Bavarian Inn Lodge
Frankenmuth
Mich
Mitch McConnell
Capitol Hill
John Cornyn
Texas
John Barrasso
Wyo
Aus
Bea
London
Neral Exch
Larman
Handy Ag
Handy & Harman
E Winton
Chicago Merchantile Exchange
Mones
Montes
Mon
Ytas
Dun
Montreal
Mons
N.Y
MorYees
Monts Sale Montes
Brett Leach
SWS Financial
Wilshire Blvd
Roswell
Swst
Elm Street
Dallas TX
FINRA
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Tel Yor Mee
Vringo
Oracle
S&psquetf
Cheniere
Cisco
Ishemkts
GoldStig
Psspemm
Csvinvng
Skymobi
CalDive
Ussteel
Breezee
NovaCpp
L&l Engy
Ericsnac
SoftStone
PionDrill
US Enr
MeetMe
Csvlgngs
Affymetrix Ipsespx
GSE Sy
Tegal
Prushtmex
Medgen Wt
GeoMet Pf
Dow Jones
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NYSE
S&p
Wilshire
Russell
At&t Inc
Oneok
BkofAm
PNM Res
Boeing
Chevron
Coca Cola
WalMart
WashFed
WellsFargo Merck
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