Your 12 hourly digest for Business News, Financial News, Business Headlines & Analysis - The Washington Post

Business News, Financial News, Business Headlines & Analysis - The Washington Post The source for business news and analysis. Covering economic policy, business policy, financial news, economic issues, stock market data, local business, technology and more.

Senators trade proposals into night to avoid 'fiscal cliff' Dec 30th 2012, 02:30 Senate negotiators labored late into Saturday over a last-ditch plan to avert the "fiscal cliff," struggling to resolve key differences over how many wealthy households should face higher income taxes in the new year and how to tax inherited estates. Read full article >> Dan Gertler earns billions as mine deals fail to enrich Congo Dec 29th 2012, 23:55 Dan Gertler's bearded face lights up as he looks out the helicopter window. Below, an installation rises from a clearing in the central African forest, where it transforms ore mined from the ochre earth into sheets of copper. Read full article >> Natwar Gandhi has weathered controversies as D.C. chief financial officer Dec 29th 2012, 23:16 The District's chief financial officer, Natwar M. Gandhi, has been called many things in the 12 years he has presided over the city's finances — "Dr. No" and "Chief Fictional Officer," among them. In all, the monikers underscore the array of passions stirred by the widowed grandfather of five as he guided the District from the fiscal abyss of the 1990s to today's more stable footing. Read full article >> Will 2013 bring a genuine, no-holds-barred recovery? Dec 28th 2012, 20:16 The Great Recession, which began exactly five years ago, is fast receding into the history books. But its effects don't merely linger; they haunt almost every region, industry and household. With each turn of the calendar, the world wonders and hopes: Will this be the year?¶ Will this be the year that the economy breaks out of its pattern of sluggish growth that has held since the recession ended in 2009? ¶ Will this be the year that jobs are created on a large scale, that people who haven't seen a raise in half a decade might finally see bigger paychecks? ¶ Will this be the year banks lend and businesses expand and some of the millions of idle workers finally see the opportunity to ply their trade? ¶As we face another turn of the calendar, the answers for 2013 are suddenly different. ¶ The good news is that the forces that have been holding back the economy at last are abating. Housing is now adding to growth in a big way (and poised to do so even more), consumer debt burdens are way down, and state and local governments seem to have largely finished their steep retrenchment. Even the euro-zone crisis has entered a less scary phase, with the continent facing a nasty recession but no longer a catastrophe that could upend the global financial system. Read full article >>

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