According to CNBC even if Congress cobbles together some
type of "fiscal cliff" band-aid deal, it may only appease markets for
a short time.
Stock futures were higher Sunday night but still pointed to
a lower opening Monday,after Friday's steep decline. Along weekend of budget talks between Senate
leaders ended with no resolution,but the Senate returns Monday at 11 a.m. ET.
The so-called "fiscal cliff" is the double slam the economy would
feel from the $600 billion expiration of tax breaks and the onset of automatic
spending cuts that will start hitting the defense department and other
government agencies as of Jan. 1.
Monday promises to be a day of high anxiety as the Senate
spends the final hours of the year trying to strike a deal on tax and spending
elements of the so-called"cliff" that would also then have to be
approved by the House….
Find out more at http://www.cnbc.com/id/100345806
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