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."
- 50 things about 'The Sound of Music' to help...
- Utah assails Obama's Clean Power Plan
- Can you name your U.S. Representative? See...
- 11 Seussian quotations to celebrate Dr....
- 34 of the best Lemony Snicket quotes
- 17 years later, parents find kidnapped...
- Kerry tries to dampen fuss over Israeli PM's...
- What to expect from Costco's new deal with...
- FCC approves 'net neutrality' rules for... 26
- Congress OKs 1-week bill to keep... 24
- Utah assails Obama's Clean Power Plan 24
- Democrats caught between Obama,... 16
- Kerry tries to dampen fuss over Israeli... 16
- Calling for cooperation, Obama engages... 15
- Bill O'Reilly's partisan critics... 14
- 'Jihadi John' seen in beheading videos... 13