11:04 am: Strong December sales end strongest year for car sales since before the recession and the biggest annual jump in sales since 1984. More
Manufacturing activity rebounded in the United States last month, according to the Institute of Supply Management's monthly reading. More
Portugal's president has referred the country's 2013 budget to the constitutional court, warning the country is becoming trapped in a vicious circle of austerity and recession.
Investors rejoice as the House and Senate strike a deal to avoid the fiscal cliff, but there's still plenty to fret over.
The United States may have stopped short of diving off the fiscal cliff and dragging the world economy with it, but international commentators criticized Washington for failing to reach a broader agreement on how it will pay its way in the longer term.
House Republican Jeff Landry says U.S. is on the road to "fiscal calamity."
Credit rating agencies are likely to hold off passing judgment on the U.S. fiscal cliff deal until they have a clearer picture about the fate of the debt ceiling and longer term plans to reduce borrowing.
CBO says fiscal cliff deal passed by Senate would increase deficits over next decade by close to $4 trillion.
Global markets advanced after U.S. lawmakers reached a deal that will mute much of the fiscal cliff impact.
Millionaires will pay nearly $123,000 more in tax under fiscal cliff deal that passed the Senate. But the rich could have been hit harder.
Unemployment is slowly falling, and job creation is creeping up.
Extending Bush-era tax cuts and patching the AMT would mute some of the biggest fiscal drag. But the deal does not address debt ceiling or tax reform and sets a new deadline for sequester.
| Latest Report | Next Update |
|---|---|
| Manufacturing | Jan. 2 |
| Jobs | Jan. 4 |
| Inflation (CPI) | Jan. 16 |
| Home prices | Jan. 29 |
| Consumer confidence | Jan. 29 |
| GDP | Jan. 30 |
| No word on tax refunds | ||
| Best car sales in five years | ||
| Subaru recalls 630,000 vehicles for fire risk | ||
| Fiscal cliff deal protects family tax breaks | ||
| Spam maker buys Skippy peanut butter |
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.45% | 3.45% | |
| 15 yr fixed | 2.82% | 2.84% | |
| 5/1 ARM | 2.86% | 2.84% | |
| 30 yr refi | 3.52% | 3.52% | |
| 15 yr refi | 2.90% | 2.92% |
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