Posts tagged ‘spending cuts’

You’ve Been Sequestered



As the clock ticked past 11:59 and Friday, March 1 turned into Saturday, March 2, the much-discussed sequestration went into effect. Did markets shudder at this lack of a last-minute deal? Not really – in fact, all three major U.S. markets (DJIA, S&P 500, and NASDAQ) closed up on Friday. So,…

Read more

Will Sequestration Just Get Pushed into 2014?



The fiscal cliff deal was not a pretty thing, but it moved the conversation forward. It resolved uncertainty on most of the outstanding tax issues, and we think that it likely helped prevent a tax-hike-induced recession in the United States. That’s part of the deal. Now, we look forward to fixing…

Read more