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Economy

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Brendan Hoffman/Getty Images
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White House: Economy Healing, But Could Be Wounded

WASHINGTON (AP) — The White House says a new jobs report shows the U.S. economy is healing, but warns Congress not to inflict wounds with looming spending cuts.

Alan Krueger is chairman of President Barack Obama's Council of Economic Advisers

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Oli Scarff/Getty Images
Oli Scarff/Getty Images
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Economists Growing More Upbeat About Year Ahead

NEW YORK (AP) — Economists are increasingly, but still cautiously, optimistic about growth in the year ahead with hiring expected to pick up in coming months.

A quarterly survey by the National Association for Business Economics released Monday shows half of the economists polled now expect real gross domestic product — the value of all goods and services produced in the United States — to grow between 2 and 4 percent this year

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Justin Sullivan/Getty Images
Justin Sullivan/Getty Images
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U.S. Home Sales Rose To 5-Year High In 2012

WASHINGTON (AP) — U.S. sales of previously occupied homes rose in 2012 to their highest level in five years, spurred higher by record-low mortgage rates and steady hiring.

The National Association of Realtors says sales reached 4

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Andrew Burton/Getty Images
Andrew Burton/Getty Images
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Holiday Sales Rose 3 Percent

NEW YORK (AP) — A major retail trade organization is announcing that holiday sales rose 3 percent, below its forecast for a 4.1 percent gain.

The season was marked by heavy discounting in its final days as stores tried to unload excess goods after shoppers held back on spending

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Spencer Platt/Getty Images
Spencer Platt/Getty Images
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Survey: Small Businesses Optimistic Despite ‘Cliff’

NEW YORK (AP) — Small business owners were slightly more optimistic at the end of 2012, even as they awaited the outcome of negotiations in Congress over the "fiscal cliff."

That's the finding of a survey by the National Federation of Independent Business, a lobbying group

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Chip Somodevilla/Getty Images
Chip Somodevilla/Getty Images
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White House Rejects Boehner’s ‘Plan B’ Option

WASHINGTON (AP) — The White House is rejecting House Speaker John Boehner's plan to push a backup tax bill as a way to deal with the "fiscal cliff."

In a statement, White House spokesman Jay Carney says Boehner's "Plan B" approach can't pass the Senate. And he s

Spencer Platt/Getty Images
Spencer Platt/Getty Images
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Stocks Lower As Investors Watch Washington

NEW YORK (AP) — Stocks are slipping on Wall Street after more tensions flared up in federal budget talks in Washington.

The Dow Jones industrial average and other major market indexes had been little changed in morning trading but took a turn lower after House Speaker John Boehner expressed frustration at how slowly negotiations were going with the White House

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Bill Pugliano/Getty Images
Bill Pugliano/Getty Images
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GM’s November U.S. Sales Rise 3 Percent

DETROIT (AP) — General Motors says its November U.S. sales rose just 3 percent from a year earlier.

The nation's largest automaker says it sold more than 186,000 cars and trucks, led by the Buick and Cadillac brands

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Justin Sullivan/Getty Images
Justin Sullivan/Getty Images
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U.S. Pending Home Sales Jump To Nearly A 6-Year High

WASHINGTON (AP) — An index measuring the number of Americans who signed contracts to buy homes in October jumped to nearly its highest level in almost six years. Steady job gains and record-low mortgage rates have made home buying more attractive

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Kevork Djansezian/Getty Images
Kevork Djansezian/Getty Images
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Home Prices Increase In Most Major U.S. Cities

WASHINGTON (AP) — Home prices increased in September in most major U.S. cities, more evidence of a housing recovery that is providing a lift to the fragile economy.

The Standard & Poor's/Case Shiller national index measuring prices in 20 cities rose 3 percent in September compared with the same month a year ago. Pr

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