STOCK MARKET WATCH -- Tuesday, 26 June 2012

[Demeter]

57. Congress Said to Delay Automatic Budget Cuts Until March

I SUPPOSE CONGRESS HAS BEEN OUT-CRAZIED BY THE EUROPEANS, AND DECIDED TO HOLD OFF ON THEIR OWN SELF-IMMOLATION UNTIL THE ASHES COOL ABROAD. I AM PRESUPPOSING THAT CONGRESS PAYS ANY ATTENTION TO EVENTS IN THE LARGER WORLD AND DOESN'T JUST SUCK ITS THUMB IN THE CONFINES OF THE BELTWAY...

http://www.bloomberg.com/news/2012-06-25/congress-said-to-delay-automatic-budget-cuts-until-march.html

Republican and Democratic congressional leaders are weighing whether to delay automatic federal spending cuts until March 2013, according to a House aide and industry officials who were briefed on the discussions.

The $1.2 trillion in automatic spending cuts over a decade, half of which would affect the Defense Department, are scheduled to begin in January 2013. At the same time, lawmakers must decide what to do about income tax cuts and other tax breaks scheduled to expire at the end of the year...

OR MAYBE IT'S JUST THIR WAY OF SAYING...OKAY, YOU CAN HAVE YOUR DAB OF BUTTER, AS LONG AS WE GET TO KEEP OUR

http://www.google.com/imgres?q=image+war&start=33&num=10&hl=en&client=firefox-a&hs=ABb&rls=org.mozilla:en-US fficial&biw=1024&bih=647&tbm=isch&tbnid=jbF3QNFAwJbqJM:&imgrefurl=http://www.inquisitr.com/152980/americas-war-in-iraq-to-end-this-december-all-troops-coming-home/&docid=A72MwPZMe7oDiM&imgurl=&w=800&h=600&ei=aPfpT6CMBOqF8AHQvY2RDA&zoom=1&iact=hc&vpx=320&vpy=220&dur=1428&hovh=194&hovw=259&tx=138&ty=96&sig=113115150776124221624&page=3&tbnh=136&tbnw=200&ndsp=18&ved=1t:429,r:1,s:33,i:67