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fiscal cliff

Markets surge as fiscal cliff is averted

MARKET CLOSE Wall Street has had its biggest opening day of the year since 2009.

Fiscal Cliff update: House approves budget bill; Obama to sign

UPDATED 5PM The Republican-dominated House has voted in favour of the budget bill.

Fiscal Cliff talks head toward compromise solution

In major developments today, a deal is emerging to break the US budget impasse.

Wall Street banks on Fiscal Cliff deal

MARKET CLOSE US stocks surged, ending a five-day losing streak as hopes rose for a budget settlement.

Only hours left in countdown to Fiscal Cliff

UPDATED 10PM Talks in Washington ended on Sunday without any resolution to the US budget impasse.

Washington prepares for budget cuts

The slide over the fiscal cliff begins on January 2, with cuts of $US100 billion over the next nine months.