Leaving the politics of it aside, I would mark this as the odds-on favorite for how the ‘fiscal cliff’ will be sorted out.
A leading Republican said … Congress should extend current Bush-era tax rates for a year and use that time to make fundamental changes to the country’s tax code and entitlement programs.
A resolution of the fiscal cliff is one of the few possible positive catalysts for markets in the coming months, but it’s a major one.
