in Context - Winter 2013
- Upcoming Budget Decisions - With the eleventh hour passage of the American Taxpayer Relief Act of 2012, some might think we have put the fiscal cliff behind us. Unfortunately, this is not the case. While the federal government has temporarily suspended the debt limit until May, without government action the mandatory spending cuts associated with the fiscal cliff will begin in March.
- Understanding the Debt Ceiling - The first aggregate limit on U.S. government debt, now commonly referred to as the debt ceiling, was enacted in 1939 when President Franklin D. Roosevelt and Treasury Secretary Henry Morgenthau asked Congress to replace the old system of separate limits on different types of debt with the aggregate limit.
- 2012 In Review: Economy and Markets - In 2012, investors watched eagerly for signs that the U.S. recovery was gaining steam. The current expansion, which started in mid-2009, has been deemed the weakest in postwar history.
- Perspectives - Viewpoints on improving the quality of your life; financial security and your happiness.