Tag: FISCAL CLIFF

The fiscal cliff and you

The fiscal cliff started to affect business decisions this fall. That’s why you saw small declines in manufacturing in Friday’s jobs report, for example. It appears to be a worry for consumers now. The University of Michigan’s latest consumer sentiment survey shows confidence dropping to a four-month low. […]

Kill the 401(k)?

As America hurtles toward the fiscal cliff, there’s an increasingly frantic search for ways to shore up the country’s deteriorating balance sheet. Republicans want to cut spending; Democrats would prefer to raise taxes on the wealthy. But a paper released today by Harvard and Danish researchers highlights just how much room there could be to generate more government revenue without […]