05-14-2013, 06:27 PM
While Obama's currently getting some hard ass-kicking over foreign policy and international relations, some positive domestic financial/economic news was released today.
1. Bull: A growing sense of optimism about the U.S. economy pushed stocks to record levels Tuesday, even as the market's fear gauge flashed red.
The Dow Jones industrial average and the S&P 500 both closed at new record highs, while the Nasdaq gained 0.7%.
http://money.cnn.com/2013/05/14/investin...?hpt=hp_t1
2. The deficit is declining faster than predicted back in February, at least in the short term.
...the better-than-expected deficit for this year buys lawmakers more time before they have to raise the debt ceiling, which is the country's legal borrowing limit. The CBO now estimates that Congress will need to act "most likely in October or November."
http://money.cnn.com/2013/05/14/news/eco...?hpt=hp_t2
1. Bull: A growing sense of optimism about the U.S. economy pushed stocks to record levels Tuesday, even as the market's fear gauge flashed red.
The Dow Jones industrial average and the S&P 500 both closed at new record highs, while the Nasdaq gained 0.7%.
http://money.cnn.com/2013/05/14/investin...?hpt=hp_t1
2. The deficit is declining faster than predicted back in February, at least in the short term.
...the better-than-expected deficit for this year buys lawmakers more time before they have to raise the debt ceiling, which is the country's legal borrowing limit. The CBO now estimates that Congress will need to act "most likely in October or November."
http://money.cnn.com/2013/05/14/news/eco...?hpt=hp_t2