Reuters Right Now: Investors unconvinced of "fiscal cliff" compromise
Friday, November 09, 2012 - 00:33
Reuters White House Correspondent Jeff Mason says the dip in markets immediately following President Obama's first post re-election speech means investors do not see ''cliff'' compromise any time soon.
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Markets dipped a little bit today after president Barack Obama came into the White House east room and laid out his starting point for negotiations on the fiscal cliff. Why did they -- Probably because he drew some lines in the sand on taxes the same thing that John Boehner did the speaker of the House of Representatives earlier this week. Both sides are staying very clear to their positions. Obama wants taxes to go up for the wealthy Boehner wants taxes to stay where they are. So though both sides are using the word compromise. Neither of them is laying the ground work that happen.
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