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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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Boehner gives White House new fiscal cliff offer

WASHINGTON (MarketWatch)
House Speaker John Boehner's office gave the White House a new offer in fiscal-cliff talks, a Boehner spokesman said Tuesday
"We sent the White House a counter-offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more American jobs," Boehner spokesman Michael Steel said
He said Republicans' offer was in response to a new White House offer but wouldn't describe the GOP offer in detail

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SYDNEY (MarketWatch) -- The White House has told Republicans that it would include an overhaul of the corporate tax code as part of any budget deal, The Wall Street Journal reported late Tuesday, citing people familiar with the talks. The parties are in talks over billions of dollars of automatic tax hikes and spending cuts due to kick in early next year. According to the report, big gaps remain between Democrats and Republicans negotiating over the budget.