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  • Why Economy Could Slow Even With 'Fiscal Cliff' Deal Wednesday, 19 Dec 2012 | 12:55 PM ET

    No matter what happens with the "Fiscal Cliff," every working American is likely to see a big pay cut after Jan. 1—and that could slow the economic recovery.

  • 'Real Recovery' Depends on 'Cliff' Deal: Pros Wednesday, 19 Dec 2012 | 12:44 PM ET

    President Barack Obama and House Speaker John Boehner are close to a deal that could help the U.S. economy see a "real recovery", Silver Lake Partners Co-Founder Glenn Hutchins told CNBC.

  • How Obama Would Change Social Security Payments Wednesday, 19 Dec 2012 | 10:33 AM ET
    Nancy Pelosi, John Boehner, Barack Obama and Harry Reid

    Obama's offer to slow the growth of Social Security benefits would force fellow Democrats to abandon promises to shield the program from cuts as part of the fiscal cliff negotiations.

  • South Korea Set to Get Its First Woman President Wednesday, 19 Dec 2012 | 9:24 AM ET
    Park Geun-hye

    The daughter of a former military ruler took a commanding lead in South Korea's presidential election on Wednesday, putting her on track to become the country's first woman head of state.

  • GM to Buy Back Stake From US; Government to Exit Wednesday, 19 Dec 2012 | 9:23 AM ET

    General Motors will spend $5.5 billion to buy back 200 million shares from the federal government.

  • Housing Starts Fall as Sandy Slows Northeast Wednesday, 19 Dec 2012 | 8:30 AM ET

    U.S. builders broke ground on fewer houses in November as super storm Sandy slowed building in the Northeast.

  • Global Miners Face Rising Risks in South Africa Wednesday, 19 Dec 2012 | 5:59 AM ET

    South African President Jacob Zuma has kicked off five days of discussions over the country's economy, including the possible introduction of a mining tax and greater state intervention in the sector.

  • Fitch Warns US Could Lose AAA If 'Fiscal Cliff' Hits Wednesday, 19 Dec 2012 | 5:55 AM ET

    Ratings firm Fitch warned on Wednesday there was an increased likelihood it would strip the U.S. of its triple-A status if Washington does not prevent $600 billion of spending cuts and tax hikes from kicking in early next year.

  • Berlusconi: Italy May Be Forced to Leave the Euro Wednesday, 19 Dec 2012 | 1:20 AM ET

    Former prime minister Silvio Berlusconi said on Tuesday Italy would be forced to leave the euro zone unless the European Central Bank gets more powers to ensure lower borrowing costs.

  • World Bank Raises China Growth Forecast for 2013 Tuesday, 18 Dec 2012 | 10:18 PM ET
    World Bank building in Washington, DC.

    The World Bank raised its 2013 economic growth forecasts for China and developing East Asia on Wednesday, and said the region remained resilient despite the lackluster performance of the global economy.

  • Speaker of the House of Representatives, John Boehner, R-OH, speaks to the press December 18, 2012 on Capitol Hill in Washington, DC.

    President Obama and House Speaker John Boehner pressed ahead on trying to avert the "fiscal cliff" after the White House rejected a narrow GOP plan on taxes.

  • Why China May Be Facing US-Style Credit Crunch Tuesday, 18 Dec 2012 | 4:43 PM ET

    China, already struggling with a slowing economy, may now be facing the type of credit crunch that helped derail the U.S. economy four years ago.

  • Could a 'Fiscal Cliff' Deal Include Cap on the AMT? Tuesday, 18 Dec 2012 | 1:23 PM ET

    President Obama's latest "Fiscal Cliff" proposal calls for a permanent cap on the AMT, though it doesn't offer specifics on income levels and Republicans have yet to respond.

  • No 'Cliff' Deal by Week's End: GOP Sen. Corker Tuesday, 18 Dec 2012 | 10:33 AM ET
    Senator Bob Corker

    Republican Senator Bob Corker told CNBC on Tuesday that he does not think a deal to avoid the "fiscal cliff" will be reached by the end of this week.

  • Businessman struggles to climb mountain summit.

    A professor at the Tuck School of Business at Dartmouth calls Congress "dysfunctional" and says the "adults in the room" need to stand up and end the fiscal cliff uncertainty.

  • Lindsey: Obama Moves Goal Posts ‘Out of Ballpark’ Tuesday, 18 Dec 2012 | 8:33 AM ET

    President Obama's latest "fiscal cliff" offer does not move the goalposts closer in negotiations, former Bush economic adviser Lawrence Lindsey told CNBC.

  • Italy's Political Leaders Keep Everyone Guessing Tuesday, 18 Dec 2012 | 5:23 AM ET

    Political intrigue in Rome is keeping investors, economists and even politicians guessing over who will actually run in Italy's 2013 elections and why.

  • The Swiss National Bank is opening a branch in Singapore to allow for round-the-clock management of its foreign exchange reserves, which it needs to tap to defend the safe-haven franc from over-heating.

  • BOJ to Mull 2% Inflation Target as Abe Turns Up Heat Tuesday, 18 Dec 2012 | 1:58 AM ET
    Bank of Japan headquarters seen from an opposite building in Tokyo, Japan.

    The Bank of Japan will consider no later than January whether to adopt a 2 percent inflation target, in response to calls from next Prime Minister Shinzo Abe for stronger efforts to beat deflation.

  • President Barack Obama speaks during a memorial service for the victims and relatives of the Sandy Hook Elementary School shooting on December 16, 2012 in Newtown, Connecticut.

    Unburdened by re-election worries and empowered by law to act without Congress, U.S. President Barack Obama could take action to restrict guns.

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