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Fiscal Cliff

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    Dec 12, 2012 |Story| Los Angeles Times

  1. Fed renews stimulus efforts, ties interest rates to jobless rate

    WASHINGTON -- The Federal Reserve, maintaining its aggressive efforts to stimulate a slow-growing economy burdened by high unemployment, said it would continue its large-scale bond-buying programs in the new year and, for the first time, announced explicit unemployment- and inflation-rate targets for when the central bank would raise interest rates.  
    WASHINGTON -- The Federal Reserve, maintaining its aggressive efforts to stimulate a slow-growing economy burdened by high unemployment, said it would continue its large-scale bond-buying programs in the new year and, for the first time, announced...

    Tags: Ben Bernanke, Consumer Confidence, Money and Monetary Policy, Economic Indicator, Unemployment

    2. Dec 12, 2012 |Story| Los Angeles Times

  2. Bernanke calls high unemployment rate 'an enormous waste'

    WASHINGTON -- Despite the moderate pace of recovery, the Federal Reserve is so worried about the stubbornly high level of unemployment that it promised to extend its unprecedented stimulus steps until there is "substantial improvement," Fed Chairman Ben S. Bernanke said.
    This post has been corrected. See the note below for details.
    WASHINGTON -- Despite the moderate pace of recovery, the Federal Reserve is so worried about the stubbornly high level of unemployment that it promised to extend its unprecedented stimulus steps until there is "substantial improvement," Fed Chairman Ben...

    Tags: Ben Bernanke, Money and Monetary Policy, Career and Workplace, Unemployment, Economy, Business and Finance

    3. Jan 15, 2013 |Story| Los Angeles Times

  3. What fiscal cliff? Shoppers push up retail sales, prices fall

    <em></em>Economic prognosticators spent the end of 2012 fretting about looming spending cuts and toxic tax increases. Consumers, however, spent it shopping.
    This post has been updated. See below for details.
    Economic prognosticators spent the end of 2012 fretting about looming spending cuts and toxic tax increases. Consumers, however, spent it shopping. Retail sales across the nation rose 0.5% to $415.7 billion in December as Americans put fiscal cliff...

    Tags: Services and Shopping, Prices, Consumers, Economic Indicator, National Retail Federation

    4. Jan 14, 2013 |Story| Los Angeles Times

  4. Geithner's new debt-limit estimate: Mid-February to early March

    WASHINGTON -- Treasury Secretary Timothy F. Geithner told Congress Monday that the U.S. would exhaust its special measures to avoid breaching the nation's debt limit sometime between mid-February and early March.
    WASHINGTON -- Treasury Secretary Timothy F. Geithner told Congress Monday that the U.S. would exhaust its special measures to avoid breaching the nation's debt limit sometime between mid-February and early March. In updating an earlier estimate of...

    Tags: White House, Politics, Timothy Geithner, Parties and Movements, Barack Obama

    5. Jan 2, 2013 |Story| Los Angeles Times

  5. The bestselling e-book of 2012: 'Fifty Shades of Grey'

    If you bought a copy of "Fifty Shades of Grey" for your e-reader, you are not alone -- not by a long shot. E.L. James' sexy novel about innocent college student Anastasia Steele and her love affair with handcuff-inclined billionaire Christian Grey was the bestselling e-book for all of 2012.
    If you bought a copy of "Fifty Shades of Grey" for your e-reader, you are not alone -- not by a long shot. E.L. James' sexy novel about innocent college student Anastasia Steele and her love affair with handcuff-inclined billionaire Christian Grey was the...

    Tags: Sony Corp., Media Industry, Stephen King, John Grisham, Authors

    6. Jan 3, 2013 |Story| Los Angeles Times

  6. ADP report: Job growth accelerated in December

    WASHINGTON -- The pace of hiring accelerated in the final month of last year, boosted by solid gains in construction, professional services and trade and transportation, according to a closely followed private survey.
    WASHINGTON -- The pace of hiring accelerated in the final month of last year, boosted by solid gains in construction, professional services and trade and transportation, according to a closely followed private survey. The report released Thursday by...

    Tags: Labor Markets, Job Layoffs, Career and Workplace, Unemployment, Moody's Corporation

    7. Dec 12, 2012 |Column| Los Angeles Times

  7. Chris Dufresne's look at the season's college football bowl games

    ESPN's "Octomom" family of networks hopes you enjoy this year's cavalcade of commercials and center snaps as it furiously tries to secure the two games it doesn't broadcast.
    ESPN's "Octomom" family of networks hopes you enjoy this year's cavalcade of commercials and center snaps as it furiously tries to secure the two games it doesn't broadcast. Conspicuously missing from the lineup is Ohio State (12-0) vs. Louisiana Tech...

    Tags: Arizona Wildcats, ESPN (tv network), UCLA Bruins, Purdue Boilermakers, Duke Blue Devils

    8. Dec 12, 2012 |Story| Los Angeles Times

  8. Whites to lose majority status by 2043, the census projects

    White people will no longer make up a majority of Americans by 2043 as the United States will for the first time become a majority of minority groups, the Census Bureau projects.
    White people will no longer make up a majority of Americans by 2043 as the United States will for the first time become a majority of minority groups, the Census Bureau projects. In its first set of projections based on 2010 Census, officials said the...

    Tags: Politics, 2010 Census, Parties and Movements, Ted Bundy, Statue of Liberty

    9. Dec 12, 2012 |Story| Los Angeles Times

  9. Big-company CEOs cautious about growth because of 'fiscal cliff'

    WASHINGTON -- Major corporate chief executives remain cautious about the economy's growth and about their own spending and hiring plans because of the looming "fiscal cliff."
    WASHINGTON -- Major corporate chief executives remain cautious about the economy's growth and about their own spending and hiring plans because of the looming "fiscal cliff." A quarterly survey by the Business Roundtable, released Wednesday, shows...

    Tags: Corporate Officers, Barack Obama, John Boehner, Boeing Co., Republican Party

    10. Dec 21, 2012 | Los Angeles Times

  10. California Senate leader reshuffles committee chairmanships

    PolitiCal
    California Senate leader appoints new committee chairs...
    11. Dec 12, 2012 |Story| Los Angeles Times

  11. Boehner: Obama's 'fiscal cliff' deal 'mainly tax hikes'

    <span class="runtimeTopic">WASHINGTON</span> -- Republican leaders kicked off Wednesday with a fierce critique of President Obama's handling of &ldquo;fiscal cliff&rdquo; negotiations, part of the political posturing on both sides that has characterized efforts to avoid across-the-board tax hikes and spending cuts before a January deadline.
    WASHINGTON -- Republican leaders kicked off Wednesday with a fierce critique of President Obama's handling of “fiscal cliff” negotiations, part of the political posturing on both sides that has characterized efforts to avoid across-the-board...

    Tags: Media Industry, U.S. Senate, John Boehner, George W. Bush, Personal Income

    12. Dec 12, 2012 |Story| Los Angeles Times

  12. Fed brightens projections for unemployment rate in 2013

    WASHINGTON -- Reflecting recent improvement in the jobs market, the Federal Reserve on Wednesday brightened its forecast for the unemployment rate while leaving its broader projections for economic growth and inflation little changed.
    WASHINGTON -- Reflecting recent improvement in the jobs market, the Federal Reserve on Wednesday brightened its forecast for the unemployment rate while leaving its broader projections for economic growth and inflation little changed. In its quarterly...

    Tags: Productivity, Money and Monetary Policy, Unemployment, Economy, Business and Finance, Inflation and Deflation

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Fiscal Cliff Photos
Brian OliverSmith, chief executive of Urban Planet Mobi...
(March 12, 2013)
North Carolina small business owner
The Commerce Department's Bureau of Economic Analysis r...
(January 30, 2013)
John Boehner (R-Ohio) and Eric Cantor (R-Va.)
A hard-fought 'fiscal cliff' deal was finally reached o...
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 » All 59 Fiscal Cliff photos