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  • 'Nothing Really Has Been Fixed' by 'Cliff' Deal Wednesday, 2 Jan 2013 | 4:23 PM ET

    An emergency deal reached after weeks of rancorous negotiations will keep the U.S. from driving off the "fiscal cliff," but higher taxes and continued political bickering in Washington threaten to shake the fragile economy well into 2013.

  • What the 'Cliff' Deal Means for Those Paying the AMT Wednesday, 2 Jan 2013 | 2:15 PM ET

    The "fiscal cliff" deal will help millions of Americans avoid paying the dreaded alternative minimum tax—while making it harder for many upper-middle class taxpayers to escape it, analysts say.

  • How the Republicans Are Winning the DC Fiscal Battle Wednesday, 2 Jan 2013 | 12:57 PM ET
    House Republican leaders including House Majority Leader Eric Cantor, R-Va., third from left, House Majority Whip Kevin McCarthy, R-Calif, fourth, and Speaker John Boehner.

    You would think that the country's tax burden is suddenly astronomically high, that U.S. citizens are being forced to fork over more money to the government than ever before. The truth is the opposite.

  • Debt Ceiling Debate on Deck     Wednesday, 2 Jan 2013 | 11:51 AM ET

    Rep. Sander Levin, (D-MI), takes a look at the next big battles on Capitol Hill, including spending restrictions and raising the debt ceiling.

  • Morici: 'Fiscal Cliff' Deal Will Push Up Unemployment Wednesday, 2 Jan 2013 | 10:30 AM ET

    This academic says the tax and spending package passed by the Senate and House provides little prospects of improvement.

  • US Manufacturing Expands; Construction Spending Falls Wednesday, 2 Jan 2013 | 10:01 AM ET

    U.S. manufacturing expanded slightly in December, while a separate report showed that construction spending fell in November for the first time in eight months.

  • Like ‘Eating a You Know What Sandwich:’ Sen. Corker Wednesday, 2 Jan 2013 | 9:27 AM ET
    Senator Bob Corker

    Republican Sen. Bob Corker told CNBC on Wednesday that voting for the deal to avoid the "fiscal cliff" was like "eating a you know what sandwich."

  • House GOP Threw Us Off 'Hurricane Cliff': NY Dem Wednesday, 2 Jan 2013 | 8:58 AM ET

    The Sandy aid bill should go to the House floor as the "first order of business" in the new Congress, Rep. Steve Israel said on CNBC's "Squawk Box."

  • Euro Zone Periphery May Be Due a Re-Rating Wednesday, 2 Jan 2013 | 5:01 AM ET

    The much-maligned peripheral economies of the euro zone are showing some encouraging signs, leading to talk of a revaluation which would have seemed optimistic for most of last year.

  • US Avoids Calamity in 'Fiscal Cliff' Drama Wednesday, 2 Jan 2013 | 4:35 AM ET
    President Barack Obama makes statement on fiscal cliff

    The United States averted economic calamity on Tuesday when lawmakers approved a deal preventing huge tax hikes and spending cuts that would have pushed the world's largest economy off the "fiscal cliff" into recession.

  • World's No. 2 Economy Is Setting Up for Solid 2013 Wednesday, 2 Jan 2013 | 1:48 AM ET
    Shanghai

    Following a year tainted by heightened economic uncertainty, the world's second largest economy is setting itself up for a positive 2013, say analysts, pointing to China's latest economic data and stellar equity market performance.

  • Why 2013 Will See Faster, Stronger Global Growth Tuesday, 1 Jan 2013 | 10:44 PM ET

    Barring major geopolitical shocks, the world economy in 2013 should mark the beginning of sustainably faster growth, one expert believes.

  • Rocky Path Ahead Even as Markets Cheer Fiscal Deal Tuesday, 1 Jan 2013 | 10:10 PM ET

    Markets are relieved that the U.S. Congress has approved a deal to avert a "fiscal cliff", but analysts warn that investors now face a rocky two months ahead as negotiations over the debt ceiling begin.

  • Senate Approves 'Fiscal Cliff' Deal; House Is Next Tuesday, 1 Jan 2013 | 10:57 AM ET

    The Senate approved the "fiscal cliff" deal in a late-night vote. House GOP leaders said, "The House will honor its commitment to consider the Senate agreement if it is passed." The House meets on New Year's Day.

  • Mohamed El-Erian

    Pimco's Mohamed El-Erian sees a 'micro deal' where there should have been a major undertaking.

  • After the 'Cliff'—Get Ready for Another Fight Monday, 31 Dec 2012 | 5:35 PM ET
    Washington Monument

    If Washington reaches this deal on the "fiscal cliff," it's only going to make the debt-ceiling fight even more ferocious.

  • Leaders Agree to a Deal Stop Spike in Milk Prices Monday, 31 Dec 2012 | 8:49 AM ET

    The top leaders in both parties on the House and Senate Agriculture committees have agreed to a one-year extension of the 2008 farm bill that expired in October, a move that could head off a possible doubling of milk prices next month.

  • 'New Normal': Low Growth, Few Jobs, El-Erian Says Monday, 31 Dec 2012 | 8:42 AM ET
    Mohamed El-Erian

    Due to the "dysfunction and polarization" in Washington the U.S. economy faces a prolonged weak outlook, Pimco's Mohamed El-Erian told CNBC.

  • Merkel Says Euro Zone Crisis Far From Over Monday, 31 Dec 2012 | 1:21 AM ET
    Angela Merkel, Federal Chancellor of Germany

    The euro zone sovereign debt crisis is far from over even though reform measures designed to address the roots of the problem are beginning to bear fruit, German Chancellor Angela Merkel has said in her New Year's address.

  • China Factory Sector Strongest Since May 2011: Report Sunday, 30 Dec 2012 | 10:50 PM ET
    Diggers are seen during the Samsung China Semiconductor's groundbreaking ceremony for a new advanced memory fabrication line.

    Activity in China's vast manufacturing sector hit its fastest pace in December since May 2011, a survey of private factory managers showed, with a sub-index for new orders pointing to continued strength in the new year.

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