Tag Archives: fiscal cliff

The official kick off to Black Friday Weekend began as early as last night for retailers across the country. From department stores like Macy’s, whose Chairman, President and CEO Terry Lundgren said stores had “midnight traffic this year surpass 2011″ traffic levels, to specialty stores like Best Buy, whose shoppers sat through the cold Wednesday night and Thursday to […]

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As retailers are gearing up for the biggest shopping weekend of the year and Americans are working on their holiday shopping lists, two things are top-of-mind: rebuilding in the wake of Superstorm Sandy and the looming fiscal cliff. In a recent interview on Bloombgerg TV, NRF’s Senior Vice President Ellen Davis discussed the impact of […]

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Congress is trying to fix the “fiscal cliff” by the end of the year. But NRF is telling lawmakers the real deadline is Black Friday. NRF President and CEO Matthew Shay explained in a letter to President Obama and Congress that many retailers make a quarter or more of their annual sales during the holiday […]

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When it comes to the economy, there’s no question that millions of people have had their share of the good, the bad and the ugly. Years of stubbornly high unemployment, fluctuating home values, stagnant income growth and unpredictable retail sales continue to drive the conversation. Last holiday season food and apparel prices were higher than most were […]

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National Retail Federation President and CEO Matthew Shay joined U.S. Chamber of Commerce President Tom Donohue, Business Roundtable President John Engler and National Association of Manufacturers President Jay Timmons for a Leading Authorities’ “Conversations with Power” panel discussion on the 2012 elections, the economy and the looming “fiscal cliff.” The executive-level conversation centered on the […]

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The Congressional Budget Office put out a new report this week on the “fiscal cliff” – and the news is getting worse, not better. The CBO now says GDP will shrink 2.9 percent in the first half of 2013 if Congress does nothing to avoid the massive tax hikes and spending cuts scheduled to take […]

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A government shutdown looms; the national debt continues to skyrocket; and Taxmaggedon is on the horizon. Sound familiar? Last week, the Senate Finance Committee agreed on a bi-partisan pact to extend a slew of expiring or expired tax breaks, and Congressional leaders settled on a tentative deal to keep the government operating until March 2013. […]

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