• Customer shops at a Kroger supermarket in Peoria, Ill.

    U.S. consumer sentiment slumped as Americans were rattled by on-going negotiations to avert the tax hikes and spending cuts set to come into effect in the new year, data showed on Friday.

  • Boehner Needs to Stop Partisan Approach: Hoyer Friday, 21 Dec 2012 | 9:41 AM ET
    Rep. Steny Hoyer

    House Democratic Whip Steny Hoyer told CNBC on Friday that Speaker John Boehner has to realize that he can't pursue partisan solutions.

  • Spending Rises Most in Three Years; Orders Jump Friday, 21 Dec 2012 | 8:52 AM ET

    U.S. consumer spending rose in November by the most in three years as incomes climbed, while a gauge of planned U.S. business spending rose much more than expected.

  • Is 'Cliff' Compromise Possible?     Friday, 21 Dec 2012 | 8:31 AM ET

    A look at the future of "fiscal cliff" talks after last's night's defeat of "Plan B" in the House, with Rep. Steny Hoyer, (D-MD), and Barry Knapp, Barclays.

  • Where Do 'Cliff' Talks Go From Here?     Friday, 21 Dec 2012 | 8:05 AM ET

    Austan Goolsbee, University of Chicago professor, explains why he thinks we're going over the "fiscal cliff" but is optimistic for a deal next year. Barry Knapp, Barclays, weighs in.

  • 'Cliff' Negotiations on the Brink     Friday, 21 Dec 2012 | 8:02 AM ET

    "The President has something of a plan," CNBC's Steve Liesman reports.

  • Rep. Shelley Moore Capito, (R-WV), discusses the defeat of the House's "Plan B" bill and the next step in reaching a compromise on the looming "fiscal cliff."

  • Trichet: Fed, ECB Balance Sheets ‘Abnormal’ Friday, 21 Dec 2012 | 5:50 AM ET
    Jean-Claude Trichet

    Ballooning central bank balance sheets across the U.S., Europe, the U.K. and Japan are “profoundly abnormal”, according to Jean-Claude Trichet, the former president of the ECB.

  • No 'Happy New Year' for UK as Gloom Worsens Friday, 21 Dec 2012 | 3:48 AM ET

    With gloomy economic forecasts, falling consumer confidence and poor retail figures adding to concerns over talk of the U.K. leaving the European Union, 2013 is set to be a tough year for the country, analysts say.

  • Boehner Abruptly Scraps 'Plan B' Vote in Setback Thursday, 20 Dec 2012 | 9:57 PM ET
    U.S. Speaker of the House Rep. John Boehner

    Facing a GOP revolt, House Speaker John Boehner abruptly canceled a vote Thursday night on a plan to raise taxes for the wealthy, bringing the country closer to a plunge down the "fiscal cliff."

  • With Boehner's 'Plan B' Off the Table, What Now? Thursday, 20 Dec 2012 | 8:00 PM ET
    U.S. Speaker of the House Rep. John Boehner

    House Speaker John Boehner called off a vote on Thursday to raise taxes for wealthy Americans, bringing the country on the brink of going over the "fiscal cliff."

  • Why 'Plan B' Would Actually Raise Taxes on Low Earners Thursday, 20 Dec 2012 | 1:05 PM ET
    John Boehner

    One in five of Americans earning less than $20,000 a year would see a tax hike of $1,070, since Boehner's bill would eliminate deductions for low earners.

  • New Fiscal Cliff Situation Is 'Worst-Case Scenario' Thursday, 20 Dec 2012 | 12:23 PM ET

    Both sides have given up ground in "Cliff" negotiations, but the tactic of the Republicans to put forth a "Plan B" has suddenly thrown the whole deal into doubt.

  • Higher-End Homes Finally Selling Again Thursday, 20 Dec 2012 | 11:36 AM ET

    Sales of existing homes beat expectations in November, with Realtors reporting a surprisingly modest effect in the Northeast from Superstorm Sandy. An even bigger surprise was a huge gain in activity among higher-end homes.

  • Home Re-Sales Jump 5.9% Amid Mixed Economic Data Thursday, 20 Dec 2012 | 10:03 AM ET

    U.S. home resales rose sharply in November to their fastest pace in three years while a gauge of future U.S. economic activity fell in November and factory activity in the U.S. mid-Atlantic region accelerated.

  • Medicare Premium Increase Plan Redefines 'Well-Off' Thursday, 20 Dec 2012 | 9:45 AM ET

    Income-based premium hikes are likely part of any budget deal, and would eventually affect one in four retirees.

  • US Economy Grew 3.1%; Jobless Claims Rise Thursday, 20 Dec 2012 | 8:49 AM ET

    The U.S. economy grew at a faster pace that previously forecast in the third quarter, while weekly jobless claims rose slightly more than expected.

  • Is Bank of Japan Already Dancing to Abe's Tune? Thursday, 20 Dec 2012 | 3:28 AM ET
    Shinzo Abe

    Japan's incoming Prime Minister Shinzo Abe is slated to take office next week, but the country's central bank, which concluded its two-day policy meeting on Thursday, already appears to be dancing to the leader's dovish tune, analysts told CNBC.

  • Boehner Challenges Obama With 'Plan B' Showdown Wednesday, 19 Dec 2012 | 4:55 PM ET
    House Speaker John Boehner, D-OH, speaks on the 'fiscal cliff' during press conference December 19, 2012 on Capitol Hill in Washington, DC.

    House Speaker John Boehner pressed his backup tax plan Wednesday despite a White House veto threat, saying it will be approved Thursday by the GOP-controlled House.

  • 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.

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