Oil closes lower as 'cliff' negotiations drag on
Worries over the looming "fiscal cliff" and the health of the U.S. economy drove oil prices lower Tuesday. U.S. lawmakers have less than a month to ...
Back to budgets, Ryan returns to comfortable topic
Paul Ryan is getting his groove back. A month after the GOP's presidential ticket lost an election, the party's vice presidential nominee finds ...
Spain's jobless near 5 million as banks await cash
The number of people officially registered as unemployed in Spain has edged up toward 5 million as the country's recession shows few signs of abating ...
THE RESET: Obama, GOP circling on fiscal crisis
Democrats and Republicans are haunted by memories of budget deals gone bad. It's making it hard for them to put hope over experience and avert a ...
Germany, France at odds over EU banking supervisor
European Union countries are dragging themselves to a year-end summit with a heavy load of unfinished business aimed at shoring up confidence in the ...
US bank earnings up 6.6 pct., most in 6 years
U.S. banks earned more from July through September than in any other quarter over the past six years. The increase is further evidence that the ...
Australia lowers key interest rate to 3 percent
Australia's central bank cut its benchmark interest rate by a quarter percentage point Tuesday, taking it to its lowest level since the global ...
Asia stocks down on US manufacturing report
A weaker-than-expected U.S. manufacturing report sent Asian stock markets down Tuesday. U.S. manufacturing shrank in November to its weakest level ...
GOP issues a new 'fiscal cliff' offer to Obama
House Republicans put forth a $2.2 trillion "fiscal cliff" counteroffer to President Barack Obama on Monday, calling for raising the eligibility age ...
Cuomo says he's 'optimistic' on Sandy aid
New York Gov. Andrew Cuomo emerged Monday from meetings with top Obama administration officials and congressional leaders "optimistic" that Congress ...
Stocks edge lower after weak manufacturing report
Stocks edged lower on Wall Street Monday after a surprisingly weak manufacturing report heightened concern that fiscal deadlock in Washington is ...
Small-bore proposals to help avert fiscal cliff
Sure the rich may have to pay more in taxes. But a "fiscal cliff" budget deal could mean pain for nearly everyone else, too: higher airline ticket ...
THE RESET: Fiscal cliff talks off to a rocky start
Don't hold your breath waiting for a "fiscal cliff" agreement. Landmark deals between presidents and Congresses sometimes aren't struck until the ...
Fossil fuel subsidies in focus at climate talks
Hassan al-Kubaisi considers it a gift from above that drivers in oil- and gas-rich Qatar only have to pay $1 per gallon at the pump. "Thank God that ...
US manufacturing shrinks in November to 3-year low
U.S. manufacturing shrank in November to its weakest level since July 2009, one month after the Great Recession ended. Worries about automatic tax ...
US builders boost spending 1.4 percent in October
U.S. builders increased their spending on construction projects in October by the largest amount in five months, led by a surge in housing.
'Cliff' talks: White House waiting on GOP move
Republicans have to stop using "political math" and say how much they are willing to raise tax rates on the wealthiest 2 percent of Americans and then ...
UK finance boss: Debt-cutting slower than expected
Britain's Treasury chief acknowledged Sunday the economy is taking longer than expected to recover from the financial crisis, but insisted he will not ...
Pressuring GOP, Obama takes his fiscal plan to Pa.
President Barack Obama argued Friday that allowing taxes to rise for the middle class would amount to a "lump of coal" for Christmas, while Republican ...
Analysis: Obama, Boehner seek cliff talks leverage
One month before the deadline, negotiations between President Barack Obama and Republicans to save the economy from a plunge over the fiscal cliff are ...
Cyprus rushes adoption of austerity measures
Cyprus' finance minister urged lawmakers Friday to approve a first batch of spending cuts and tax hikes agreed with international creditors by Dec.
Stocks inch lower as investors wait on budget
Stocks ended the week more or less where they started it. Investors were watching closely while lawmakers in Washington worked at thrashing out a ...
Boehner: Obama fiscal cliff offer bad for economy
House Speaker John Boehner (BAY'-nuhr) says President Barack Obama's proposal to avoid the fiscal cliff by boosting revenue by $1.6 trillion over the ...
Stock gains limited by US fiscal cliff uncertainty
Uncertainty over whether U.S. leaders can resolve a critical budget deadlock and figures showing the unemployment rate across the 17-country eurozone ...
Sandy slowed US consumer spending and pay in Oct.
Americans cut back on spending last month while their income remained flat. The weakness in part reflected disruptions from Superstorm Sandy that ...
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