Marketplace Index for Friday, December 16, 2011

Episode Teaser Image 
Episode Description 
For financial markets, the news the government won't shutdown this weekend over extending the payroll tax cut seems a bit like someone promising not to poke you in the eye after all. As part of the deal, the Obama administration backed off its push for a surtax on millionaires to pay for more of the payroll tax discount.

Good news on inflation

Lower energy costs kept November's Consumer Price Index flat, a good sign for the U.S. economy.
Posted In: food prices, gas prices, consumer prices, Labor Department

Brinkmanship and the markets

News that the government won't shutdown this weekend over payroll tax cut seems a bit like someone promising not to poke you in the eye after all.
Posted In: payroll tax, surtax