December 21, 2012 The increases add to signs that the economy continues to rebound from the 2007-09 recession and the slow recovery that followed.
December 21, 2012 House Speaker John Boehner was dealt a major defeat Thursday night. After spending most of the week trying to round up votes for his "Plan B" to extend tax cuts for virtually everyone, he pulled the measure without a vote. The clock keeps ticking toward the end of the year, when automatic tax increases and spending cuts are set to hit.
December 20, 2012 The housing sector continues to recover. Sales rose 5.9 percent last month. It's the second new piece of positive news about the economy. Earlier, gross domestic product growth for the third quarter was revised upward.
December 20, 2012 Gross domestic product grew at a 3.1 percent annual rate, well above earlier estimates. But, claims for jobless benefits rose last week — another sign that while the economy may be on the mend, there are still problems.
December 19, 2012 With the so-called fiscal cliff looming, President Obama argued Wednesday that he's gone "at least halfway" in meeting Republicans' demands. Now, he said, some in the GOP may just be resisting a deal because they find it hard to "say yes to me."
December 18, 2012 Now the White House chief of staff, Lew finessed the 2011 deal that set up the automatic spending cuts and tax hikes set for the new year — and did it in a way that put President Obama in the catbird seat for the current talks. Now he's a possible pick to be the next Treasury secretary.