A trader works on the floor at the New York Stock Exchange on the day after the “fiscal cliff” compromise. For all its chaos and controversy, the deal was enough to send the stock market shooting higher on the first trading day of the new year. (AP Photo)
3:45 pm ET -Washington is now all too aware that foreign creditors and investors will punish it for any macroeconomic mismanagement. American competitiveness was at stake in the fiscal cliff negotiations.
The Monitor's View (View all)
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