December 6, 2012 Consumers are feeling positive, but the mood among business owners is at recession levels. A third of businesses in a recent survey said they plan to cut back on spending in the next year; 1 in 5 say they'll reduce staff. A big reason is the uncertainty caused by looming federal fiscal decisions.
December 6, 2012 The pace of claims for unemployment insurance has settled back into its pre-Superstorm Sandy range. But on Friday, economists expect to hear that relatively few jobs were added to payrolls in November.
December 6, 2012 A month after Hurricane Sandy pounded the New Jersey Shore, Atlantic City is back in business. Even though most of the casinos, restaurants and the famous boardwalk sustained very little damage in the storm, they're now suffering from a lack of visitors.
December 6, 2012 As President Obama and lawmakers try to find a formula for spending cuts and tax increases, they might look across the Atlantic for insights from those who have been wrestling with budget problems. The first lesson from Europe's "fiscal consolidation" experiences: It will hurt.
December 5, 2012 During a luncheon, industry insiders warned that if spending cuts go into effect on January 1, they could face huge layoffs.
December 5, 2012 The president and House Republicans continued to snipe at each other Wednesday over the impending set of automatic tax hikes and spending cuts known as the fiscal cliff. President Obama and House Speaker John Boehner later spoke briefly by phone for the first time in a week, according to reports.
December 5, 2012 If Congress fails to reach an agreement on tax increases and spending cuts this year, it will mean sharp reductions in a broad swath of federal spending, from defense and Medicare to education and unemployment benefits. Economists say the cuts would be a serious setback for the economy as a whole.
December 5, 2012 The two words, said the dictionary's editor, are essentially antonyms but tell us just how divided the country was during a presidential election that presented a stark decision for the future.