The automotive sector could be one of the economy’s worst-hit victims if the fiscal cliff is not resolved by the end of 2012, according to research firm IBISWorld.
Lower approval rates seen from banks, credit unions and alternative lenders.
Industry economists agree that if the U.S. plunges off the fiscal cliff Dec. 31, credit unions probably won’t see any ill effects right away. However, even if a so-called grand bargain is reached between Democrats and Republicans, credit unions could see the loan growth momentum gained this year grind to...
Belvoir FCU in suburban Washington is ready to help its 27,000 members go over the fiscal cliff if Congress reaches no deal.
Lending, liquidity and tax exemption are three areas where the search for the Grand Bargain could impact credit unions.
Combination of the two exceeds support for each singly, according to Emerson College Polling Society.
Friday afternoon speech not expected to include new plan, but rather a call for Congress to negotiate.
There is strong evidence of a “grand bargain” being agreed to by Congress and the White House by year-end in order to avert a dramatic impact on the economy.
An explanation of the September unemployment rate and the effect the so-called fiscal cliff are explained on the monthly NCUA economic video update.
WASHINGTON — Rep. James Clyburn (D-S.C.) told NAFCU's 2012 Congressional Caucus on Wednesday that he believed Congress would avoid hikes and cuts deadline.