THE DISTILLERY: Obama's cliffhanger

Worries over the US fiscal cliff return to the fore post-election, while jotters speculate over BHP Billiton's recruitment plans.

After President Barack Obama's night of celebration, the hangover has quickly kicked in. Australia's commentariat has promptly shifted its focus to the difficult fiscal cliff negotiations that lay ahead, picking apart the potential economic and market ramifications. Closer to home, jotters pounce on reports BHP Billiton is stepping up its search for a new chief executive, and put Macquarie Group's disruptive mortgage deal with Yellow Brick Road under the microscope.

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