Originally published on Fri December 7, 2012 3:11 pm
A prank call by two Australian DJs pretending to be Queen Elizabeth has ended in tragedy this morning: The nurse who transferred the call that led to the divulging of information about a pregnant Kate Middleton was found dead in an apartment today.
The Guardian reports that the woman, Jacintha Saldanha, worked at the King Edward VII hospital, where Middleton was admitted, suffering from severe morning sickness.
If President Obama and Congress fail to reach a deal on tax and spending changes, the nation would feel a lot of fiscal pain. But it also may benefit from the long-term fiscal restraint that would come from keeping tax hikes and spending cuts in place.
Originally published on Fri December 7, 2012 12:11 pm
It wouldn't be the worst thing that could happen to the country.
If President Obama and Congress can't come to agreement on new tax and spending policies by the end of year, the U.S. could slip into recession, defense and domestic programs will see damaging cuts, and the American people may become convinced that Washington can't govern the nation.
On the other hand, the lack of a deal would do a lot to help erase the federal deficit.
Originally published on Fri December 7, 2012 11:17 am
The bottom line on the fiscal cliff negotiations on Capitol Hill is that things seem far from resolved. As Politico put it, the last we heard is that White House congressional liaison Rob Nabors went to Capitol Hill to tell lawmakers that President Obama is not budging.
If Congress does not come to an agreement, the country is facing steep spending cuts and tax hikes that economist warn could send the economy back into recession.