6 Ways The Fiscal Cliff Could Affect You

Federal Reserve chairman Ben Bernanke used the term “fiscal cliff,” it quickly became the newest Washington buzzphrase. As the deadline to avert the cliff nears, it has overtaken the European debt crisis as the most talked-about story in the financial media. The fiscal cliff refers to the enactment of a number of laws that would, if not changed before Jan. 1, 2013,

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Fiscal cliff would drive the U.S. economy back into recession.

Fiscal cliff would drive the U.S. economy back into recession before end of 2013, a new report from the Congressional Budget Office said. Congressional Budget Office released a report showing that the most harmful consequences of the fiscal cliff, a fully armed and operational fiscal cliff would cost us 3.4 million jobs.

Obama Fiscal Cliff Deal Risks Brush With Recession

JAPAN ROCKED BY NEW 7.1 MEGA QUAKE


A magnitude-7.4 aftershock rattled Japan on Thursday night, knocking out power across a large swath of the northern part of the country nearly a month…

Source: http://news.yahoo.com