December 31, 2012 Europe spent much of this year trying to hold its common currency pact together. Greece, Spain, Italy and other countries flirted with disaster as interest rates spiked, forcing the debtor nations to accept austerity programs. The turmoil was bad enough to push much of the eurozone into recession.
December 15, 2012 Newtown, Conn., is the kind of place where the biggest thing that happens is the Labor Day parade. Now, that peace has been shattered and residents are trying to make sense of what happened after a gunman opened fire in an elementary school, killing at least 20 children and six adults.
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.