Narrowly Avoiding the Fiscal Cliff
It may have come down to the wire, but a deal on the Fiscal Cliff was finally reached this week. The House of Representatives voted to pass a bill that boosts taxes for families earning more than $450,000.
It’s no surprise that they came to a compromise. As we’ve been saying for weeks, there was simply too much at stake for a deal not to be reached.
The market is responding well to the news today, with the S&P 500 up over 2% in early morning trading.
What are your thoughts on the Fiscal Cliff negotiations? Let us know in the comments below.