Sue Ogrocki, Associated Press
Our take: Decisions are to be made quickly for President Obama and Congress to avoid a "fiscal cliff." The "fiscal cliff" means less spending and tax increase of more than $600 billion, according to Damian Paletta and Jon Hilsenrath, reporters from The Wall Street Journal. Paletta and Hilsenrath analyze what is next for Obama's decisions with the economy:
"In his second term, freshly re-elected President Barack Obama confronts an economy that offers glimmers of long-missing vitality but remains held back by fiscal and regulatory uncertainties and slowing global growth.
"The U.S. economy has shown signs of improvement in recent months. Unemployment is below 8 percent, stock prices are up, the housing sector is reviving and consumers are starting to step up spending on cars and other big-ticket items after four years of paying down debt."
- Freelancers and millennials help usher in the...
- Running again? Mitt Romney tells Hugh Hewitt...
- It's about time the government recognize the...
- 10 things to know about corporate inversions
- John Lennon's killer: My life is all about...
- Student evades monitors, spreads Ebola to...
- Mexico authorities stage midnight migrant raid
- Obama tamps down prospect of strikes in Syria
- A New York Times article said Michael... 43
- Running again? Mitt Romney tells Hugh... 36
- 10 things to know about corporate... 32
- For the first time in American history,... 30
- Doug Robinson: When did Missouri turn... 25
- Obama tamps down prospect of strikes in... 15
- Why the poverty cycle is harder to... 15
- Winning plaintiffs in 3 states want... 14