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Economy

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  • Private Sector Jobs Surge, Weekly Claims Rise Thursday, 3 Jan 2013 | 8:36 AM ET

    The jobs market saw mostly good news, with a big increase in private sector hiring helping offset an uptick in weekly unemployment claims.

  • December Retail Sales See Some Hits, but Mostly Misses Thursday, 3 Jan 2013 | 8:25 AM ET

    Some of the biggest U.S. retailers reported December same store sales on Thursday, showing both hits and misses in a still unsteady economy.

  • Obama Now Has Less Leverage: Former OMB Director Thursday, 3 Jan 2013 | 8:05 AM ET

    The White House has "somewhat less leverage" in upcoming budget talks, said former Obama Office of Management and Budget director Peter Orszag.

  • Nouriel Roubini, chairman and co-founder of Roubini Global Economics

    The eleventh hour deal reached to avert the fiscal cliff in the U.S. merely masks the bleak long-term outlook for the country, Nouriel Roubini said in an opinion piece published in the Financial Times newspaper on Thursday.

  • Donald Trump speaks at the Ritz-Carlton on August 26, 2012 in Sarasota, Florida.

    Donald Trump slams GOP in tweets, saying that Republicans got nothing in the fiscal cliff deal. Here's a look at some principles the real estate mogul might have followed had he been negotiating, the CSM reports.

  • For Taxpayers Making More Than $250,000, a New Math Thursday, 3 Jan 2013 | 7:08 AM ET

    Despite its well-publicized cutoff at incomes of $400,000 and up, the fiscal cliff deal could increase taxes on people making less.

  • Speaker of the House John Boehner

    U.S. House Speaker John Boehner made a U-turn on Wednesday to clear the way for approval of $60 billion in Superstorm Sandy relief by mid-January after drawing withering fire from fellow Republicans, including New Jersey Governor Chris Christie, for canceling an earlier vote.

  • CEOs Pan Fiscal Cliff Deal, Vow to Continue Debt Fight Thursday, 3 Jan 2013 | 1:53 AM ET

    U.S. executives largely panned the congressional deal to steer America away from the "fiscal cliff," saying Washington wasted an opportunity to address the nation's debt.

  • '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.

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