Some have argued that the election result, which maintained the broad status quo of a divided Congress, was the worst possible outcome for the fiscal cliff negotiations. But as far as the fiscal cliff...

The re-election of President Obama removes one uncertainty that has been weighing on the markets over the last few months. But they are none the wiser about if, how and when Congress will deal with...

Businesses are developing a split personality. The slump in capital goods orders suggests that businesses are increasingly concerned about the looming fiscal cliff and/or the global economic slowdown...

We doubt that the fall in the annual growth rate of average hourly earnings to a record low in October is the start of another downward leg that will eventually end in outright declines in earnings...