Cyrrus (Cyrrus)
Markets  |  December 20, 2012 09:29:57

Gunfight at the edge of a fiscal cliff continued yesterday - deterioration

The main theme of the last days is still the same: fiscal cliff. Yesterday, President Obama said that negotiations deteriorate and dissent is still huge. House will vote today on a bill that increases taxes for residents with incomes above $ 1 million. Obama called the proposal "dead" and if the House passes (which is not certain, because it is not supported by all Republicans), so Obama will surely veto it. Furthermore, no party still does not solve the automatic reduction of unemployment and lower payments to doctors in the Medicare program, which occurs in the new year.It is evident that it is almost the end of the negotiations and the final agreement is most likely to arise in the next year.

Dopnění editor: President Obama later blamed Republicans for bias against him, stating that they should focus more on negotiating the best possible conditions for all Americans, rather than try to "beat" him personally in the negotiations. According to Obama, the United States "need" that both sides agreed on a compromise.

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