The looming ”fiscal cliff” is sapping economic strength, Fed Chairman Ben Bernanke said, and that trend will only worsen if lawmakers cannot come to an agreement. The uncertainty surrounding the impending spending cuts and tax hikes has led companies to worry about an possible recession. Today’s graphic shows the increasing number of mentions of “fiscal cliff” in 2012 SEC filings. As you can see, November has see almost triple the amount of mentions compared to the previous three months.
Today was an extremely busy day over at Reuters TV. Here’s a roundup of all the videos that were posted.
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After Hosni Mubarak received a life sentence for his role in civilian deaths during the country’s revolution, protesters marched on Tahrir Square in central Cairo.
Warren Buffett, speaking to the Economic Club of Washington, said he believed the chances of a U.S. recession were very low.
On the other hand, Wilbur Ross, CEO of WL Ross & Co, explains why he thinks the U.S. is headed for recession.
Breakingviews columnists discuss the implications of Governor Scott Walker’s recall election victory for November’s presidential election
Recent oil price dips are a short term phenomenon and will have no impact on Royal Dutch Shell’s spending plans, says CEO Peter Voser.
Ben Bernanke still has plenty of options in the Fed policy arsenal — from a new twist on Operation Twist to all-out QE3. Reuters Fed correspondent Mark Felsenthal explains.
Reuters Global Editor Chrystia Freeland caught up with IMF Chief Christine Lagarde at a conference in Riga, Latvia.
Federal Reserve Chairman Ben Bernanke holds a news conference, shedding light on U.S. policy goals.
Against the backdrop of worldwide financial market distress not seen since the depths of the 2008 financial crisis, U.S. Federal Reserve officials, global central bankers and leading economists gather in Jackson Hole, Wyoming, to hear Fed Chairman, Ben Bernanke’s assessment of the sputtering U.S. and global economies and what remains in the central bank’s arsenal to revive both confidence and growth. Reuters Insider will be on hand, delivering insight and analysis through more than a dozen interviews with key figures such as Kansas City Federal Reserve President Thomas Hoenig, former Federal Reserve Governor Randall Krozner, Harvard’s Martin Feldstein and noted Fed historian Allan Meltzer from Carnegie Mellon University.