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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.