US Senate rejects decreasing Federal workforce to keep tax cuts

Note: This section contains information in English only.
Source: Bloomberg
The US Senate denied the motion of Republicans to enlarge employee payroll tax reduction for 2012 while covering the cost of cut by 10% decrease in federal workforce and freezing federal workers' salary. Tonight's vote missed 60 votes necessary to approve the legislation. Tax reduction which eased employee's portion of Social Security tax from 6.2% to 4.2% expires December 31 this year if the Congress does not intervene. 
Back to articles

Actual Topics

Fri, 02 Dec 2011 08:31:22 GMT

Australia property market is in danger

Australia's real estate market showed signs of recession as construction level contracted essentially, according to official data. House building activity dropped by 10.7% in October after tumbling by 14.2% in September, reported Australian Bureau of Statistics. Housing starts decreased by 30% on a yearly basis. Analysts warn Australian real estate market resembles situation in the US before the property market crash.

Fri, 02 Dec 2011 08:29:39 GMT

Canadian dollar extends gains

The so-called loonie extended gains against greenback for the sixth consecutive day ahead of US jobs report which is expected to confirm that the number of hired workers has increased. For Canadian dollar this is the longest appreciation period since January. The loonie jumped 0.4% reaching C$1.0139 per US dollar during Toronto trade. The pair currently is trading at  C$1.0136.

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.