Industry NewsMarkets & Economy

Budget deal must be president’s top priority

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

The first week of every month brings the largest and freshest load of economic data. For once, don't pay attention to it for three reasons: the data do not show meaningful change; the most important data by far is overseas; and third… for the next month, politics matter more than anything. Before Tuesday evening, everybody could hear Brünnhilde warmin' up.At 6:57 p.m. Tuesday night my wife -- Bronx-born native Democrat, 25-years an RN delivering babies, women's rights combatant unimpressed by puffed-up males in white coats, as apolitical as I am a total junkie -- came to sit on the couch. She did not move for an hour and a half. I took out recycling, got some booze, read my book; she stayed put. She asked some questions about health care math, who Bowles and Simpson might be, but stayed glued to the show. Maybe one-third of the way in she observed, "Obama looks awful." A little past halfway, “If the election were tomorrow, I'd vote for Romney.” Kn...