It seems as soon as the countdown to the 31 December 2012 fiscal cliff deadline passed, the US found itself fast approaching a new countdown as Washington's attention turns to the matter of the debt ceiling.
Despite the full force of the fiscal cliff being averted at the eleventh hour, in reality there is still much to be clarified in terms of future fiscal policy as the spending cuts portion of the cliff was only postponed until the beginning of March. Frustratingly for many, the environment of heightened uncertainty has remained as 2013 gets underway. However, looking beyond the debates still to be had in Washington, the US economy is continuing to progress in the right direction regardless. As numerous surveys have demonstrated, US manufacturing is strengthening, the housing market is...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes