It's Time for Washington to Think Strategically
Andy Langenkamp
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Posted 12.01.2013
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UK Politics
Read More:
Congress,
Capitol Hill,
Mitt Romney,
Fiscal Cliff,
Gop,
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Barack Obama,
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US Elections 2012,
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Investors were clearly thinking along traditional lines last week and wanted Romney, but the Obama victory doesn't have to be such a bad result for them. Chances of reaching a deal to avoid the fiscal cliff have increased a little bit with the outcome of these elections. And the outlook for getting to a more comprehensive agreement on getting back on a healthy fiscal track have improved somewhat with a second-term president and less power for the Tea Party.
