On January 2nd, taxes will increase dramatically as the Bush tax cuts expire. Automatic and dangerous spending cuts, particularly of our military, loom. We could be thrown back into recession.
We do not have a budget and Moodys will downgrade us if no solution is reached.
We dropped in global competitiveness from 5th to 7th place.
Unemployment this week was much higher than expected with an increase in applications of 15,000 to a total of 382,000.
Days without a budget -
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