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  • 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.

  • Boehner's Plan Doesn't Go Far Enough: White House Monday, 17 Dec 2012 | 2:45 PM ET
    Speaker of the House John Boehner

    President Obama and House Speaker John Boehner met for 45 minutes Monday in hopes of reaching a deal to avoid the "fiscal cliff," but the White House suggested later that it was not budging from its plan.

  • Boehner Caves on Taxing the Rich: Will GOP Go Along? Monday, 17 Dec 2012 | 12:43 PM ET
    John Boehner

    The House Speaker says he is now willing to raise taxes on Americans making more than a $1 million a year. Conservatives have been staunchly opposed to raising taxes on anyone next year, regardless of income bracket.

  • Time for Tougher Gun Laws: Sen. Manchin, NRA Supporter Monday, 17 Dec 2012 | 12:26 PM ET
    Sen. Joe Manchin

    It may be time to reconsider an assault weapons ban after the massacre at Sandy Hook Elementary School in Connecticut, Sen. Joe Manchin, a West Virginia Democrat and member of the NRA, told CNBC.

  • Slower Growth, Stubborn Unemployment in 2013: Morici Monday, 17 Dec 2012 | 11:10 AM ET

    In 2013, the economy will be hard pressed to accomplish the 2 percent growth registered this year, and unemployment only will continue falling if more adults opt out of the labor market or settle for part-time work.

  • How Much Money Would Taxing the Rich Raise? Monday, 17 Dec 2012 | 11:00 AM ET
    Speaker of the House John Boehner and President Barack Obama.

    For all its symbolic value, the House Speaker John Boehner's plan to tax million-plus incomes would raise only modest revenues compared to the Obama plan.

  • Jobless Rate Won't Hit 6.5% for 3 Years: Fed's Lacker Monday, 17 Dec 2012 | 10:46 AM ET
    Jeffrey Lacker

    Richmond Federal Reserve President Jeffrey Lacker, the only Fed member to oppose the new numerical targets for unemployment and inflation, told CNBC Monday that it will take three more years before the US jobless rate falls to the targeted 6.5 percent.

  • Manufacturing in New York state declined for a fifth straight month in December as new orders shrank and the labor market remained weak, a report showed on Monday.

  • The U.S. economy will stay on a moderate growth path in 2012 amid weak consumer spending and business investment, a new survey published on Monday said.

  • Shinzo Abe, incoming Prime Minister of Japan.

    While only time will tell whether Japan's incoming Prime Minister Shinzo Abe wins the war against deflation, one thing is clear. The central bank will be pushed to be far more aggressive than it has ever been.

  • The obscure islets at the center of bitter spats between China and its neighbors have become a flashpoint that could get hotter and embroil America.

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