After eight years as a guidance counselor at Scotts Valley High School and more than 14 years with the district in Santa Cruz County, California, Kimberly Frey says she lost her job in June as part of budget cuts.
Gold may climb over the next three months as U.S. lawmakers attempt to tackle the country’s debt ceiling and the world’s largest economy slows, Goldman Sachs Group Inc. said, advising investors to place bets on advances.
While the U.S. Congress views the convergence of more than $600 billion in tax increases and spending cuts set for Jan. 1 as a “fiscal cliff,” the metaphor misses the economic reality of what could follow.
States’ tax revenue grew about 6 percent in the three months ended in Sept. 30, Goldman Sachs Group Inc. estimated, the third consecutive quarterly increase as the U.S. climbed out of the longest recession since the Great Depression.
Moody’s Analytics says its economic- forecasting model shows President Barack Obama winning re- election with 303 electoral votes. Economist Douglas Hibbs Jr., pointing to slow income growth, predicts a Mitt Romney victory. To Yale University’s Ray Fair, the race is simply “too close to call.”