A Sober New Year…

It seems that we have a new fiscal deal in a new year. For the moment, at least: “U.S. President Barack Obama and Senate leaders Monday reached a New Year’s budget agreement that would let income-tax rates rise for the first time in nearly 20 years, maintain unemployment benefits for millions of people and blunt the impact of spending cuts that were looming as part of the so-called ‘fiscal cliff.’” A hair of the fiscal dog, one might say. Well, it’s been a good year so far. Of course, the legislation still has to receive the green light from the House. Better keep that extra bottle of bubbly handy, just in case. The only question: Will we need it to celebrate or mourn? Stay tuned….

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