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The Do Nothing Plan For The Non-Fiscal Cliff
The White House said it would veto the current plan offered by House GOP leaders to raise tax rates only on income above $1 million, while House Speaker John Boehner tried to build momentum for the Republican proposal. So, maybe the plan-by both Democrats and Republicans is to run out the clock and do nothing. …
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U.S. stocks and the euro rose on Thursday but remained pressured by comments from top Republican lawmaker John Boehner
(Reuters) – U.S. stocks and the euro rose on Thursday but remained pressured by comments from top Republican lawmaker John Boehner, who indicated no substantive progress in the last two weeks in talks to reach a U.S. budget deal. Boehner, the speaker of the U.S. House of Representatives, said he had no idea what compromises…