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Reading The Economic Tea Leaves For 2013

Mark Zandi of Moody's Analytics predicts a last-minute deal on the "fiscal cliff" might be an early drag on next year's economy, but by year's end, the economy will be gaining momentum. If there's no deal? "I don't even want to think about it," he says.

Port Strike Averted As Dock Workers, Terminal Operators Agree To Extension

A federal mediator says the International Longshoremen's Association and port operators have agreed in principle on key issues and will extend their negotiations by 30 days.

Federal Government Prepares For Uncertain Landing After 'Fiscal Cliff'

If Congress and the president can't reach a deal, budget cuts will go into effect next week. But most agencies won't be hit right away. The biggest planning headaches seem to be for payroll companies and others who deal with taxes — as they wait to see if automatic increases happen Jan. 1.

5 Days Left To Avoid 'Fiscal Cliff" Extremes

President Obama returns to Washington Thursday as do members of the U.S. Senate. They're cutting holiday plans short in hopes of coming up with a deal to avoid the tax hikes and budget cuts set to take effect on Jan. 1.

Consumer Confidence Dips; New Home Sales Rise

Many Americans appear to be worried about what will happen to the economy if the federal government goes over the so-called fiscal cliff, the Conference Board reports. But there's also good news: The housing sector continues to recover.

The Fed Boosts The Economy, But What About The Risks?

The Federal Reserve continued to keep its foot on the accelerator in 2012, using unusual tactics to try to boost economic growth. But economists disagree about whether the Fed's policies were effective or whether the inflation risks outweighed the rewards.