Jan. 2 (Bloomberg) -- Oil rose from the highest close in two months in New York as the U.S. House passed a Senate- approved deal that will avert tax increases and spending cuts that threatened growth in the world’s biggest economy.
Jan. 1 (Bloomberg) -- The U.S. Senate passed a bipartisan budget deal two hours after income tax cuts expired, reaching an after-deadline agreement to undo the potential economic harm of $600 billion in tax increases and spending cuts.
Even if U.S. lawmakers prevent the worst of the so-called fiscal cliff, the brinksmanship in Washington over taxes and spending is likely to continue damaging the fragile economy well into 2013.
Jan. 1 (Bloomberg) -- Saudi Arabian shares rose the most in a month after the U.S. Senate passed a bipartisan budget deal to prevent the potential economic harm from tax increases and spending cuts.
Jan. 2 (Bloomberg) -- Asian stocks climbed in the first session of 2013, extending last year’s 13 percent global rally, copper gained while Japan’s yen and the dollar weakened as the U.S. House of Representatives approved a Senate budget bill.
Jan. 2 (Bloomberg) -- The yen and dollar weakened against most of their major counterparts as U.S. lawmakers passed legislation to avert the so-called fiscal cliff of automatic spending cuts and tax increases.
Stock markets in Asia registered relief Wednesday as U.S. lawmakers edged toward a deal to stop hundreds of billions of dollars in automatic tax increases and spending cuts from taking effect that could throw the world's biggest economy off a so-called fiscal cliff.
Jan. 2 (Bloomberg) -- Gold futures traded near a two-week high after the U.S. House of Representatives passed legislation averting income-tax rises for most workers, quelling concern that the so-called fiscal cliff may derail the recovery in the world’s biggest economy. Silver, platinum and palladium climbed.
Artifacts recently unearthed during the filming of a new National Geographic Channel show appear to pinpoint the location of a turning point in the yearslong feud between the Hatfield and McCoy clans.
Pennsylvania Gov. Tom Corbett says he plans to sue the NCAA in federal court over sanctions imposed against Penn State in the wake of the Jerry Sandusky child sexual abuse scandal.
Supporters and opponents of President Hugo Chavez alike nervously welcomed the new year Tuesday, left on edge by shifting signals from the government about the Venezuelan leader's condition three weeks after cancer surgery in Cuba.