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Rating:Fido Outlines Fiscal Cliff Possibilities Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, November 02, 2012

Fido Outlines Fiscal Cliff Possibilities

News summary by MFWire's editors

Fidelity Investments [profile] says that three things can happen with regards to the fiscal cliff, according to the Associated Press.

The three possibilities are as follows:

1. CONGRESS FAILS TO ACT BEFORE YEAR-END
2. A LAME-DUCK CONGRESS REACHES A COMPROMISE
3. A GRAND DEAL IS ACHIEVED

As for Fidelity’s expectations? The Associated Press quotes the report as saying “Ultimately, we believe it is likely that Congress will act either this year or early next year to avert portions of the fiscal cliff from taking effect. “The elections and the state of the economy would impact the shape of any deal.”

Read more about the article in the Associated Press.  

Edited by: Tommy Fernandez


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