Investors hope Obama will address "fiscal cliff" immediately

11/7/2012 | · Reuters · Washington Post, The · USA Today

Investors and traders say they hope President Barack Obama will quickly go to work to avert the $600 billion "fiscal cliff" of tax hikes and spending cuts. Some investors worry that with Republicans retaining their majority in the House of Representatives, it could be difficult to reach a compromise on budget reform. "This is no time for putting things off until later. We can achieve big things when we work together, and the middle class is counting on us to achieve big things in the months ahead," said Senate Majority Leader Harry Reid, D-Nev.

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