Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress and the Obama administration to strike a budget deal to avert tax increases and spending cuts that could trigger a recession next year.
Europe has a debt crisis. America has a jobs crisis. Corporate profits could be in trouble. World financial markets are in turmoil. And no one seems prepared to ride to the rescue.
The economy is showing signs of modest improvement not enough to reduce high unemployment but enough to ease fears that another recession might be near.
The best hiring market in five years should limit the damage from inflation and position the economy to thrive in the second half of the year.
DebugScreen: mobile
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"author": {
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"articles": [
{
"uri": "/2012/11/20/bernanke-warns-congress-to-avoid-fiscal-cliff/",
"title": "Bernanke warns Congress to avoid ‘fiscal cliff’",
"byline": "Christopher S. Rugaber, Martin Crustsinger",
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"prettyDate": "November 20, 2012",
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"summary": "Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress and the Obama administration to strike a budget deal to avert tax increases and spending cuts that could trigger a recession next year.",
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{
"uri": "/2012/09/20/us-economy-hobbled-by-weak-hiring-manufacturing/",
"title": "US economy hobbled by weak hiring, manufacturing",
"byline": "Christopher S. Rugaber, Martin Crustsinger",
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"prettyDate": "September 20, 2012",
"timeToRead": "4 minute",
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"summary": "A trio of reports Thursday offered a reminder that the U.S. economy is struggling to grow and add jobs.",
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{
"uri": "/2012/01/26/economy-gains-as-businesses-spend-more-fire-less/",
"title": "Economy gains as businesses spend more, fire less",
"byline": "Christopher S. Rugaber, Martin Crustsinger",
"kicker": "",
"prettyDate": "January 26, 2012",
"timeToRead": "5 minute",
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"summary": "Businesses are growing more confident in the economy, investing in more equipment and laying off fewer workers.",
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{
"uri": "/2011/10/06/unemployment-hits-a-new-level-of-crisis/",
"title": "Unemployment hits a new level of crisis",
"byline": "Christopher S. Rugaber, Martin Crustsinger",
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"prettyDate": "October 06, 2011",
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"summary": "For more Americans, being out of work has become a semi-permanent condition.",
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{
"uri": "/2011/10/04/bernanke-warns-recovery-close-to-faltering/",
"title": "Bernanke warns recovery 'close to faltering'",
"byline": "Christopher S. Rugaber, Martin Crustsinger",
"kicker": "",
"prettyDate": "October 04, 2011",
"timeToRead": "6 minute",
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"summary": "Europe has a debt crisis. America has a jobs crisis. Corporate profits could be in trouble. World financial markets are in turmoil. And no one seems prepared to ride to the rescue.",
"body": null
},
{
"uri": "/2011/09/29/economy-gaining-but-not-enough-to-cut-unemployment/",
"title": "Economy gaining but not enough to cut unemployment",
"byline": "Christopher S. Rugaber, Martin Crustsinger",
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"prettyDate": "September 29, 2011",
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"summary": "The economy is showing signs of modest improvement not enough to reduce high unemployment but enough to ease fears that another recession might be near.",
"body": null
},
{
"uri": "/2011/05/12/job-gains-should-offset-higher-gas-and-food-prices/",
"title": "Job gains should offset higher gas and food prices",
"byline": "Christopher S. Rugaber, Martin Crustsinger",
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"prettyDate": "May 12, 2011",
"timeToRead": "6 minute",
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"summary": "The best hiring market in five years should limit the damage from inflation and position the economy to thrive in the second half of the year.",
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