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Economy

Senate approves fiscal cliff legislation 89-8
Hours past a self-imposed deadline for action, the Senate passed legislation early New Year's Day to neutralize a fiscal cliff combination of ...
Senate clear fiscal cliff measure
The Senate has passed legislation to block the impact of across-the-board tax increases and spending cuts that make up the fiscal cliff. The vote was ...
US, Europe hope the new year brings better times
From teeming Times Square to a once-isolated Asian country celebrating its first public New Year's Eve countdown in decades, the world looked to the ...
Minimum wage gap grows wider between states
With a bump in the Washington state minimum wage to $9.19 an hour, high school student Miranda Olson will edge closer to her goal of buying the black ...
Housing and jobs key to lifting S&P toward record
It may be a big if, but assuming Washington lawmakers can get past the "fiscal cliff," many analysts say that the outlook for stocks next year is ...
A surprisingly good vintage as market logs gains
If you'd told investors what was going to happen in 2012 — U.S. economic growth at stall speed, an intensifying European debt crisis, a slowdown in ...
Stocks shoot up as investors bet on 'cliff' deal
The stock market shot higher on Monday even as the "fiscal cliff" neared. By the time trading ended, Republicans and Democrats still hadn't reached ...
Illinois Sen. Kirk to return a year after stroke
Nearly a year after a stroke left him barely able to move the left side of his body, U.S. Sen. Mark Kirk is expected to climb the 45 steps to the ...
House won't vote before midnight on 'cliff' deal
The House will miss the midnight Monday deadline lawmakers set for voting to avoid the "fiscal cliff." House Republicans notified lawmakers that the ...
Stocks soar as budget deal appears more likely
Stocks are rallying in the final hours of trading for the year as a budget deal takes shape in Washington. The Dow Jones industrial average jumped 166 ...
Oil rises as 'cliff' consensus appears close
Oil prices rose Monday as U.S. political leaders moved toward averting the "fiscal cliff" just hours before the deadline. President Barack Obama said ...
Egypt's pound slips further against dollar
The Egyptian pound slipped further against the dollar on Monday, a downward plunge on the first two days of trading under a new system, as the ...
In concession, Israel eases restrictions on Gaza
In a major concession to Gaza's Hamas leaders Monday, Israel dropped its five-year ban on construction materials crossing into the territory and ...
Markets calm despite looming fiscal cliff
Markets appeared Monday to take in stride the ongoing failure of U.S. politicians to agree to a budget deal in time to avoid automatic tax increases ...
Oil steady as 'fiscal cliff' deadline approaches
Oil prices were little changed Monday as a U.S. budget deadline neared with rival politicians still at odd over key issues. Benchmark oil for February ...
Fiscal 'cliff' deal proving elusive
A Capitol Hill deal to avert the "fiscal cliff" was proving elusive Sunday as a deadline to avert tax hikes on virtually every American worker and ...
Egypt's currency falls to a new low
The Egyptian pound fell to a record low against the dollar Sunday as the central bank stepped into the market to try to stabilize trading and stop an ...
Will retailers rebound after weak holiday season?
As signs emerge that holiday sales this year grew at the weakest pace since 2008, investors are dumping retail stocks. Analysts are crowing about the ...
Over the fiscal cliff: Soft or hard landing?
Efforts to save the nation from going over a year-end "fiscal cliff" were still in disarray as lawmakers returned to the Capitol to confront the ...
Illinois dragging its feet on huge pension problem
Illinois, a state with a reputation for political wheeling and dealing, backroom handshakes and 11th-hour bargains, is dragging its feet on the one ...
German trade group predicts record exports in 2013
Germany's exports are expected to reach record levels this year and grow again in 2013. An industry group predicts German exports will rise 4 percent ...
Central Asian migrants change the face of Moscow
Timur Bulgakov has a black belt in karate, two university degrees, a powerful SUV and a small yet thriving construction company. The 28-year-old's ...
Last-minute fiscal cliff talks in Senate
Senate leaders groped for a last-minute compromise Saturday to avoid middle-class tax increases and possibly prevent deep spending cuts at the dawn ...
Egypt's president warns against dangers to economy
Egypt's Islamist president used his first address before the newly convened upper house of parliament on Saturday to warn against any unrest that ...