Simple Flutes
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Simple Flutes

For people who make and play simple flutes
 
HomeHome  Latest imagesLatest images  SearchSearch  RegisterRegister  Log in  

 

 Supercomittee Failure Poses Threat to U.S. Recovery

Go down 
3 posters
AuthorMessage
hurricanemaxi
Active Member
Active Member



Posts : 24
Join date : 2011-11-14

Supercomittee Failure Poses Threat to U.S. Recovery Empty
PostSubject: Supercomittee Failure Poses Threat to U.S. Recovery   Supercomittee Failure Poses Threat to U.S. Recovery Icon_minitimeTue Nov 22, 2011 10:57 am

The implosion of the congressional supercommittee is likely to delay any major deficit-reduction agreement until after the next presidential election and may pose an immediate threat to the struggling U.S. economy.

The committee’s failure to reach a deal means several tax programs, including a payroll tax holiday, risk expiring at the beginning of next year, weighing on the household spending that accounts for about 70 percent of the world’s largest economy.

The panel’s inability to agree on $1.2 trillion in budget cuts, which drove stocks down yesterday and Treasuries higher, also stoked doubts about U.S. lawmakers’ ability to overcome partisan gridlock and safeguard the nation’s fiscal health.

“They could not agree even on the smaller challenge of $1.2 trillion,” said former White House budget director Alice Rivlin, among a coalition of officials who pushed the panel to “go big” and find $4 trillion in savings, in an e-mail. “I do not see a way to get to the big deal before the election, if then. It is really discouraging!”

Still, Standard & Poor’s reaffirmed it would keep the U.S. credit rating at AA+ after stripping the government of its top AAA grade on Aug. 5. Moody’s Investors Service reaffirmed its AAA rating with a negative outlook. Fitch Ratings noted in a statement that it said in August that a supercommittee failure would probably result in a “negative rating action,” likely a revision of its outlook to negative, and that a review would be concluded by the end of this month.
Trigger in Jeopardy

S&P said its rating would stand because the committee’s failure triggers $1.2 trillion in automatic spending cuts, which were put in place in the event no compromise could be reached. Easing those automatic spending limits may cause “downward pressure on the ratings,” S&P said in a statement.

That so-called trigger may be in jeopardy, with both Democrats and Republicans leery of steep cutbacks at the Pentagon that Defense Secretary Leon Panetta has called “Draconian.” Congress has succeeded in the past in undoing debt-reduction enforcement mechanisms.
bulk text messaging
Interior Designer Miami
Back to top Go down
chanelbags185
Active Member
Active Member



Posts : 81
Join date : 2010-11-12

Supercomittee Failure Poses Threat to U.S. Recovery Empty
PostSubject: Re: Supercomittee Failure Poses Threat to U.S. Recovery   Supercomittee Failure Poses Threat to U.S. Recovery Icon_minitimeThu Nov 24, 2011 7:54 am

replica designer bags a few thousand people
designer inspired handbags you should be sure to choose
air max 2012 develops very quickly
nike shox turbo number of Air Nike Shoes
men puma shoes information that you provide to us
air max 90 is the famous fashion design
wholesale puma shoes and still want to be in style
puma shoes sale Quality warranty and satisfying service
timberland mens boots to fit your cute gifts?
gucci women shoes You can find the best quality shoes here
Back to top Go down
uggboots198
Contributing Member
Contributing Member



Posts : 127
Join date : 2010-11-22

Supercomittee Failure Poses Threat to U.S. Recovery Empty
PostSubject: Re: Supercomittee Failure Poses Threat to U.S. Recovery   Supercomittee Failure Poses Threat to U.S. Recovery Icon_minitimeSun Dec 04, 2011 5:14 am


Welcome to our stores taste Gather the latest style all this year :
cheap nfl jerseys is an ideal better jerseys to you
discount coach bags sale now
coach bags outlet cheapest and high quality
coach handbags outlet sells all kinds handbags with no tax and free shopping worldwide!
coach outlet online sells the high quality products
coach outlet store online Put it all together
replica designer handbags has a few more fashion at the holiday season
coach outlet store online Most of these handbags
wholesale coach handbags myself handbags possess
cheap authentic jerseys This kind of qualified prospects
nfl jerseys suppliers An vital factor would be to choose
Back to top Go down
Sponsored content





Supercomittee Failure Poses Threat to U.S. Recovery Empty
PostSubject: Re: Supercomittee Failure Poses Threat to U.S. Recovery   Supercomittee Failure Poses Threat to U.S. Recovery Icon_minitime

Back to top Go down
 
Supercomittee Failure Poses Threat to U.S. Recovery
Back to top 
Page 1 of 1
 Similar topics
-
» Security threat
» Tens of recovery

Permissions in this forum:You cannot reply to topics in this forum
Simple Flutes :: Welcome and announcements :: Chat box-
Jump to: