November 19, 2012 Sales of existing homes rose again in October. Meanwhile, home builders are the most confident they've been in more than six years. Taken together, the reports are the latest signs that the housing sector is on the mend.
November 19, 2012 The White House and Congress continue to work on a deal that avoids the fiscal cliff and cuts deficits in the long run. President Obama wants to raise tax rates for the wealthy. Republicans want to raise revenue by closing loopholes and limiting deductions for high-income people. But could that raise enough money?
November 17, 2012 President Obama started the first round of talks Friday about how to avoid fiscal calamity. He has been pushing to end Bush-era tax cuts for the wealthy, a plan strongly opposed by some House Republicans. But in the end, a deal with the House may come down to Speaker John Boehner and the president.
November 16, 2012 An audit found that the agency is on pace to run out of money by September. The Obama administration, however, announced a series of steps to increase revenue.
November 16, 2012 A program that backed lots of mortgages during the housing bust may soon need taxpayer money to make good on its promises.
November 16, 2012 As members of the House and Senate head to Capitol Hill for the final weeks of this Congress, perhaps they will bring the "Spirit of 2010" with them. Despite partisan bickering, the lame-duck session two years ago got big things done. Then again, those lawmakers weren't being asked to avert a fiscal cliff.
November 15, 2012 Eurostat, the European Union's statistical agency, said Thursday that the bloc contracted 0.1 percent in the third quarter; it shrank 0.2 percent in the second quarter. The eurozone was last in recession in 2009.