Tag: Fiscal Cliff

Dollar rallies on fear of more budget fights

The dollar climbed to a three-week high against a basket of currencies on Thursday as concerns about more budget wrangling in Washington drove investors to the more liquid U.S. currency. While lawmakers reached a deal to avert the “fiscal cliff” of huge tax hikes and spending cuts, the agreement set […]

Bigger fights loom after U.S. ‘fiscal cliff’ deal

* Debt ceiling, spending cuts will spark more fights * “Fiscal cliff” struggle a harbinger of things to come * Republicans unhappy about deal to raise taxes on wealthy * Republican Boehner and Democrat Reid exchanged insults President Barack Obama and congressional Republicans face even bigger budget battles in the […]

Dollar rises on “fiscal cliff” uncertainty

The dollar rose against major currencies on Monday as growing concern Washington would fail to reach a last-minute deal to avert the “fiscal cliff” drove investors to the safe-haven U.S. currency. U.S. Senate Majority Leader Harry Reid said on Monday, ahead of a midnight deadline, that congressional negotiators still needed […]