• Obama: 'I Still Think We Can Get This Done' Friday, 21 Dec 2012 | 6:16 PM ET
    President Barack Obama

    President Obama, trying to break the stalemate over the fiscal crisis, challenged Republicans on Friday to agree to a quick deal to prevent a tax increase for all but the wealthiest Americans and the expiration of long-term unemployment benefits.

  • Rich: Tax Us More, Please Friday, 21 Dec 2012 | 1:47 PM ET

    The wealthy generally support higher income taxes, and that their support is growing, a new survey found.

  • Obama Nominates John Kerry for Secretary of State Friday, 21 Dec 2012 | 1:43 PM ET
    Sen. John Kerry

    President Barack Obama nominated Sen. John Kerry as his next secretary of state, making the first move in a sweeping overhaul of his national security team heading into a second term.

  • Mortgage Recovery Still Rocky Friday, 21 Dec 2012 | 1:16 PM ET

    Home prices and home buyer confidence are rising in tandem, as the housing recovery appears to be gaining steam

  • "I think housing is going to continue to improve," says Mark Zandi, chief economist at Moody's Analytics. "So for the next 3 or 4 years we will see better home sales, more housing construction and higher house prices. All of which is good news for the economic recovery."

  • Pimco's El-Erian: Ugh, Recession Is Now More Likely Friday, 21 Dec 2012 | 10:58 AM ET

    Here is a simple way to think about the political calculus of Washington's latest twists and turns.

  • Another 'Cliff': US Faces Devastating Port Strike Friday, 21 Dec 2012 | 10:42 AM ET

    The threat of a longshoremen's strike that could close 15 ports from Massachusetts to Texas has shipping industry leaders, manufacturers and retailers warning of a "devastating blow" to the supply chain.

  • 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.

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