The White House is promising to veto a new tax proposal from House Speaker John Boehner. But who's bluffing and what's believable when it comes to fiscal negotiations? And what happens if talks break down? For Tell Me More's 'Why Not?' series, host Michel Martin takes a look at what might be on the other side of the fiscal cliff.
The Swiss bank, along with others, manipulated a key interest rate that in turn influences what borrowers around the world pay. Chief Executive Sergio Ermotti says UBS was "disappointed to discover what happened."
A day after eurozone lenders finally released about $45 billion in loans to Greece, a top credit agency raised its rating on the country by a six points. It's a rare piece of good news for Greece, which still faces Depression-level unemployment and at least another year of recession.
The effort to avoid the automatic spending cuts and tax hikes of the "fiscal cliff" is taking a detour in the House of Representatives. Negotiations are still underway, but House Speaker John Boehner is also pushing ahead with what he calls "Plan B."
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