http://finance.yahoo.com/news/experts-forecast-cost-failure-compromise-022928110.html Experts Forecast the Cost of Failure to Compromise By NELSON D. SCHWARTZ | New York Times – 12 hours ago Email Recommend Tweet Print RELATED QUOTES Symbol Price Change MS 18.59 -0.03 Even if President Obama and Republicans in Congress can reach a last-minute compromise that averts some tax increases before Monday's midnight deadline, experts still foresee a significant drag on the economy in the first half of 2013 from the fiscal impasse in Washington. While negotiators in the capital focus on keeping Bush-era tax rates in place for all but the wealthiest Americans, other tax increases are expected to go into effect regardless of what happens in the coming days. For example, a two percentage point jump in payroll taxes for Social Security is all but certain after Jan. 1, a change that will equal an additional $2,000 from the paycheck of a worker earning $10...
African Great Lakes Observer delivers reliable news and analysis on Africa’s major issues, from human rights and governance to conflict, politics, and foreign relations. Focusing on underreported crises and regional dynamics, it provides clear, evidence-based insights to help readers understand the challenges and opportunities shaping Africa today.