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State budget braces for sequester

Unless U.S. Congress members take further action, Connecticut officials are bracing for roughly $58.7 million in lost federal funding for the 2013 fiscal year.

Credit Suisse predicts fiscal drag will continue to cloud nation’s economic...

Economic projections for 2013 have lacked the gloomy outlook of previous years, but are still “far from spectacular," reports global financial services company Credit Suisse.

Banking industry remains cautiously optimistic about 2013

New York Bankers Association President Michael Smith talks about the trouble with Washington lawmakers who can’t find common ground over economic issues, and why the changes that have been made give many in the industry reason to be cautiously optimistic.

Conn. trails in national recovery, says Fed economist

The national and regional economies will likely be mired in a slow-growth pattern for the first half of 2013 as businesses await a resolution on government spending and the U.S. debt, Federal Reserve economist Rae Rosen said Jan. 11 in Stamford.

Fiscal cliff tax changes explained

On Jan. 1, Congress passed HR 8, the American Taxpayer Relief Act, which will prevent many of the tax increases that were scheduled to go into effect this year while at the same time retaining many of the scheduled tax breaks that were set to expire. Here are some key provisions of the new law.

Accountants, small businesses bemoan unstable 2012

With the election and the fiscal cliff looming, it was a difficult year filled with uncertainty for accountants and small businesses.

New tax rates could impact home sales, Realtor warns

Now that Congress’ tax agreement to avoid the fiscal cliff is in place, long-term homeowners may be in for an unpleasant surprise when it’s time to sell their homes.

Malloy: Fiscal cliff cuts could affect state budget

In preparation for his February budget proposal, Gov. Dannel P. Malloy said he’s anxious to hear what sequestrations cuts Congress will approve within the next two months as part of Washington’s extended deadline to avert the fiscal cliff.

Move over, Congress …

With the fiscal cliff out of the way (sort of) and state legislature set to begin working on the 2014-2015 budget later this winter, the focus now moves to Hartford.

Congress sidesteps cliff, postponing sequester

At the 13th hour, with a deal seemingly on the verge of collapse, the U.S. House of Representatives rallied to pass a deal preventing tax hikes for most Americans and postponing billions of dollars in spending cuts that were to take effect.

Congress passes tax agreement

In an attempt to avoid the fiscal cliff, before large tax increases and spending cuts took effect Jan. 1, Congress passed a tax agreement to allow income taxes to increase on the wealthiest 2 percent of Americans.

Holiday retail sales take a hit as cliff fears weigh on...

In-store and online retail sales from Oct. 28 to Dec. 24 increased 0.7 percent relative to the same period a year ago, according to a report released Dec. 25.

Report: Cliff talks could include corporate tax reform

Obama administration officials have told Republicans they are willing to discuss an overhaul of the corporate tax code as part of negotiations over the fiscal cliff, according to a report by The Wall Street Journal.

Two birds, one stone

Gov. Dannel P. Malloy, along with Governors Andrew Cuomo and Chris Christie, requested $83 billion in federal aid to help rebuild the storm-shattered parts of the region. It’s pivotal that the federal government make those funds available.

Picking up the tab

No one can predict what will happen in New York state regarding filial responsibility laws, but planning could avoid having to make painful, crisis-driven choices in the future.