Senior officials from each of the government departments will gather on Thursday to come up with contingency plans for a "fiscal cliff" - a scenario described by Chief Executive Leung Chun-ying...
- Thu
- Jun 20, 2013
- Updated: 4:48am
Trending topics
Fiscal Cliff
The fiscal cliff involves US$600 billion in automatic tax hikes and spending cuts effective in early 2013 if US lawmakers fail to agree on reducing the budget deficit.
22 Mar 2013
US lawmakers approved a funding stopgap to keep the US government operating through September and took a step towards adopting a blueprint for a decade of budget austerity.
11:42AM
22 Feb 2013
The White House and independent analysts fear the so-called sequester could cost hundreds of thousands of jobs and crimp already slow economic growth. There is little hope in Washington that it...
2:48AM
4 Feb 2013
The governing systems of the world's two largest economies are in crisis. As the United States has been grappling with a fiscal cliff, China faces a social cliff. Without major reform, both will...
3:02AM
12 Jan 2013
Soldiers have been sent to the border with Myanmar amid concern that escalating violence between the neighbouring nation's government and ethnic separatists is spilling over, the Global Times...
4:39AM
6 Jan 2013
The battle for agreement on the fiscal cliff deal
2:51AM
The US job market proved resilient in December despite fears that a budget impasse in Washington would send the economy over the fiscal cliff and trigger growth-killing tax hikes and spending cuts...
11:31AM
The top Republican in Washington was narrowly re-elected to his powerful job as the new Congress opened for business, despite a mini-revolt in his own party over the “fiscal cliff” deal and a...
9:51AM
The just-in-time budget deal the US Congress passed on New Year's Day calls to mind Samuel Johnson's observation about dogs that walk on their hind legs: "It is not done well; but you are...
2:48AM
Some choice words have been used to describe the brinkmanship across a US Congress that led us to the edge of the American "fiscal cliff" - "shenanigans", "circus", "omnishambles". Certainly few...
3:26AM
Goldman Sachs has accelerated delivery of US$65 million in stock awards to 10 executives, including chief executive Lloyd Blankfein, helping them avoid higher tax rates that take effect this year...
2:48AM
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