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TOP STORIES
'Fiscal cliff' moves to House, timing and outcome uncertain
WASHINGTON - The "fiscal cliff" resolution remains a job half done as a bill passed by the Senate with tax increases on the wealthy and postponed spending cuts moves to the U.S. House of Representatives, where both its timing and fate are uncertain (USA-FISCAL/ (WRAPUP 3), moving shortly, by Thomas Ferraro, 450 words)
+ See also:
- USA-FISCAL/DEAL (FACTBOX), moved
- USA-FISCAL/CHINA, moved
U.S. economy would dodge bullet for now under fiscal deal
WASHINGTON - A deal worked out by U.S. Senate leaders to avoid the "fiscal cliff" was far from any "grand bargain" of deficit reduction measures. But if approved by the House, it could help the country steer clear of recession, although enough austerity would remain in place to likely keep the economy growing at a lackluster pace (USA-FISCAL/ECONOMY (ANALYSIS), moved, by Jason Lange, 630 words)
Plan to prevent US milk price spike stalled by GOP leaders
WASHINGTON - Republican leaders in the U.S. House of Representatives and Senate refuse to go along with a farm-state plan to avert the "dairy cliff" late Monday, the last day to act before retail milk prices may begin doubling (FARM-BILL/DAIRYCLIFF, moved, 500 words)
INTERNATIONAL
SKorea exports unexpectedly fall on fragile global recovery
SEOUL - Exports by industrial powerhouse South Korea unexpectedly fell in December, hit by fewer working days and as global demand has yet to fully recover from a year-long slump (KOREA-ECONOMY/EXPORTS, moved, by Choonsik Yoo, 440 words)
ANALYSIS
US arms sales to Asia set to boom on Pacific 'pivot'
WASHINGTON - U.S. sales of warplanes, anti-missile systems and other costly weapons to China's and North Korea's neighbors appear set for significant growth amid regional security jitters. Strengthening treaty allies and other security partners is central to the White House's "pivot" toward a Pacific region jolted by maritime territorial disputes in China's case, and missile and nuclear programs, in North Korea's (USA-ASIA/ARMS-SALES (ANALYSIS), moved, by Jim Wolf, 1,290 words)
ALSO IN THE NEWS
Drifting Shell drill ship grounds on rocks off Alaska
ANCHORAGE - A large drill ship, the Kulluk, belonging to Shell oil company ran aground off Alaska Monday night after drifting in stormy weather, company and government officials say. The ship broke away from one of its tow lines and was driven to rocks just off Kodiak Island, where it grounded at about 9 p.m. Alaska time (ALASKA-SHIP/ (UPDATE 2), moved, by Yereth Rosen, 820 words)
$100M claim against Conn. in school shooting is dropped
A $100 million legal claim filed against the state of Connecticut in the wake of the deadly Newtown elementary school shooting has been dropped, according to local media (USA-SHOOTING/CONNECTICUT-CLAIM), moved, 440 words)
Sour end to 2012 masks positive trends in America
CHICAGO - Many Americans seem to be in a sour mood as 2013 begins, after Hurricane Sandy ravaged parts of the East Coast, a gunman massacred 20 school children in Connecticut and a long, contentious election campaign was followed by a near failure to resolve the "fiscal cliff" issues (USA-TRENDS/POSITIVE, moved, by Greg McCune, 1,550 words)