FOR the past three years America's leaders have looked on Europe's management of the euro crisis with barely disguised contempt. In the White House and on Capitol Hill there has been incredulity that Europe's politicians could be so incompetent at
Most analysts expected that Congress would let the payroll tax cut expire, Rosenberg said. After all, as part of the fiscal cliff deal, income taxes will not increase on middle-income families. So compared with what families could be experiencing, the
WASHINGTON — Housing is rebounding. Families are shrinking debts. Europe has avoided a financial crackup. And the fiscal cliff deal has removed the most urgent threat to the U.S. economy. So why don't economists foresee stronger growth and hiring in
“We stopped that middle class tax hike. But we didn't stop there. …Last year we started reducing the deficit through $1 trillion in spending cuts. And the agreement we reached this week will reduce the deficit even more by asking the wealthiest two
The 11th-hour deal to avert the so-called fiscal cliff preserved billions of dollars in corporate tax giveaways even as it slashed take-home pay for millions of American workers.