It's hard to believe that summer is unofficially over and how an historic swim by a persistent 64 year old lifted my spirits.
I flew up to my summer home in Maine to enjoy the end of summer and spend a few days relaxing and thinking about everything that's going on. Sometimes it helps to get away and look at things from a different perspective; that's what I'm doing right now.
That's why I feel I have to share my feeling that so much is not right with the world today. Everywhere I turn, it seems that we have so many potentially conflicting problems, none of which can be easily solved and certainly not without pain. Continue reading "It's hard to believe that summer is unofficially over and how an historic swim by a persistent 64 year old lifted my spirits."
Congress is finally cleaning up its unfinished budget business for the 2013 budget year with a bipartisan government-wide funding bill. But even as that measure heads toward approval, the House and Senate are moving toward divisive votes that will underscore sharp differences on a bigger problem: how to fix the nation's long-term deficit woes.
The Senate is positioned to approve the catchall spending bill Tuesday after it cleared a procedural hurdle Monday by a strong 63-35 vote. The House, which approved a narrower version two weeks ago, is expected to quickly clear the measure and ship it to President Barack Obama for his signature.
On a separate track, the GOP-controlled House and Democratic Senate are readying votes this week on sharply different budget blueprints for next year and beyond. The measures are non-binding and largely symbolic. But they veer off in opposite directions at the same time President Barack Obama seeks to nurture a future compromise blending new tax revenues with spending cuts beyond what his Democratic allies are willing to offer now. Continue reading "Congress works on budget for both 2013 and future"
There is one final week left in the deadline for Congress to compromise on the remaining 2011 budget. If they do not succeed, we will have a government shutdown on our hands. This would greatly affect the markets and has many traders treading lightly until April 8th passes.
We would love to hear about your upcoming plans, so please share in our comments section.
The MarketClub Team
Gold up. Equities down.
Congress fiddles while the markets ( fill in the blank)
Check out our poll, looks like our readers got it right again.