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Analysis: Americans to face tougher 2013 on rising prices, taxes

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Consumers will have to dig deeper into their pockets next year to pay for costlier healthcare, more expensive grocery bills and higher taxes, an extra drag on the country's already slow-moving economy.

Senh: This is a pessimistic view. Lately, most of the economic reports have been positive. Unemployment is at a 4.5 year low, consumer sentiment at a five year high, housing market is rebounding, and consumer debt is at pre-recession levels.

 

Obama Signs $858 Billion Tax-Cut to Revive Economy, Add Jobs

President Barack Obama signed into law an $858 billion bill extending for two years Bush-era tax cuts to boost a fragile economy and add jobs.

 

Live-Blogging Obama's News Conference

Live-Blogging Obama's News Conference

President Obama held his first full-scale White House news conference in three months and the first of the fall campaign season. He announced his promotion of the White House economist, Austan D. Goolsbee, to succeed Christina Romer as chairman of the president’s Council of Economic Advisers, and also addressed other issues of the day, including the Middle East peace talks and the debate over extending the Bush tax cuts.

 

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