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Will it hold or break?
Congress returns to work after a five-week vacation and before the election. While it is unlikely that lawmakers will tackle the so-called "fiscal cliff," it will be discussed frequently. Here to help you out is a summary of the fiscal cliff and how it might affect you.
What is the fiscal cliff? The combination of tax increases and spending cuts, that are scheduled to go into effect January 2013.
Which taxes are going up? The Bush-era tax…Continue
The global financial system is highly interconnected. So problems in one part of the world can reverberate almost everywhere else - risking a cascade of default, contagion, contracting credit and collapsing economic activity. Exhibit A now is Europe. European Union leaders met this week to at last deal with a debt crisis rattling investors worldwide who once thought lending to euro zone countries was virtually risk-free. The graphic here helps you see the intertwined complexities.…Continue