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.

The lessons of the fiscal cliff Jan 3rd 2013, 05:07 There is a narrative in American politics that goes something like this: The White House can't negotiate. House Republicans can't be reasoned with. And so the country is caught between pragmatists who can't hold their ground and radicals who can't compromise. Read full article >> Five things to know about the House's fiscal cliff vote Jan 3rd 2013, 05:07 Late Tuesday night, the House passed the Senate's fiscal cliff deal, 257 to 167, moving it to the president's desk. Here are five things worth noting about the vote: 1) The bill passed with more than twice as many Democratic votes as Republican ones: 172 Democrats and 85 Republicans voted for the bill. Only 16 Democrats joined the 151 Republicans who voted against it. Read full article >> Auto sales saved the economy in 2012 Jan 2nd 2013, 06:09 It's not too much of an exaggeration to say that the U.S. economy was powered by car sales in the past year. Auto companies are expected to have sold 14.5 million new vehicles in 2012, according to Kelley Blue Book. That's a 13 percent rise over the previous year and the highest number of sales since the financial crisis hit. Read full article >> 'Fiscal cliff' deal does little to tame threats from debt ceiling, high unemployment rates Jan 2nd 2013, 01:35 The deal passed by the Senate early Tuesday would head off the most severe effects of the "fiscal cliff" by averting a dangerous dose of austerity but still leaves the economy vulnerable to both immediate and more distant threats. Read full article >> Georgetown's Kickk Spott caters to local sneakerheads Jan 2nd 2013, 00:29 Wale, D.C.'s most successful rapper, emerges from the Wisconsin Avenue shop wearing a purple, fur-lined hoodie and bright yellow sneakers. As he walks out on a recent Friday afternoon, around 60 customers are in line waiting to get into the shop he and his entourage have just departed. The store is Kickk Spott, and for local sneakerheads, it's a little slice of heaven in Georgetown. Brimming with individually shrink-wrapped Air Jordans and rare pairs of Nikes that are kept behind glass, it's the only boutique destination for high-end sneakers in the area, playing to a clientele of shoe lovers who will pay top dollar for hard-to-find kicks. Read full article >>

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