Economy
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Fiscal cliff talks: President Obama, Speaker Boehner battle over deal
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President Barack Obama says he'll press ahead with Congress in hopes of preventing across-the-board tax increases set to strike taxpayers Jan. 1 after House GOP leaders unexpectedly put off a vote on legislation calling for higher rates on million-dollar earners Thursday evening.
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Unemployment benefit claim numbers up by 17,000 last week
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The number of Americans applying for unemployment benefits rose last week by 17,000, reversing four weeks of declines. But the number of people seeking aid is consistent with a job market that continues to grow modestly.
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Fiscal cliff countdown: New Obama offer moves toward Boehner, sources say
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Speaking a few hours after Obama and Boehner met at the White House, these people said the president was now seeking a higher tax rate beginning at incomes over $400,000, up from the levels of $200,000 for individuals and $250,000 for couples that were cornerstones of his successful campaign for re-election.
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Facebook interns make $25,000 more than average American
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Interns at social media giant Facebook make $25,000 more than the average American, a new study is showing.
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Jobless numbers down by 29,000 last week
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The number of Americans seeking unemployment benefits fell sharply for a fourth straight week, a sign that the job market may be improving.
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Fiscal cliff: Is the looming 'fiscal cliff' affecting holiday shopping?
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With only 24 days left until the country reaches the so-called "fiscal cliff," ABC7's Mike Conneen talks with shoppers to see if it's having an impact on their holiday shopping decisions.
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Democrats want jobless benefits in 'cliff' deal
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"This is the real cliff," said Sen. Jack Reed, D-R.I. He's been leading the effort to include another extension of benefits for the long-term unemployed in any deal to avert looming tax increases and massive spending cuts in January.
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Job numbers up: U.S. economy adds 146,000 jobs in November
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The U.S. economy added 146,000 jobs in November and the unemployment rate fell to 7.7 percent, the lowest since December 2008. The government said Superstorm Sandy had only a minimal effect on the figures.
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Poll: Americans welcome raising taxes for rich
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Americans prefer letting tax cuts expire for the country's top earners, as President Barack Obama insists, while support has declined for cutting government services to curb budget deficits, an Associated Press-GfK poll shows. Fewer than half the Republicans polled favor continuing the Bush-era tax cuts for the wealthy.
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Jobless numbers down by 25,000 last week
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The number of people seeking U.S. unemployment aid fell sharply last week as a temporary spike caused by Superstorm Sandy has faded. Weekly applications have fallen back to a level consistent with modest hiring.
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Q&A with Mayor Gray
CommentToday on NewsTalk, we talked with DC Mayor Vince Gray about a wide range of issues.
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'Fiscal cliff' hashtag released by White House
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President Barack Obama is introducing a new hashtag to the fiscal cliff debate.
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President to argue 'fiscal cliff' strategy, as he pressures GOP on tax increases
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President Barack Obama plans to make a public case this week for his strategy for dealing with the looming fiscal cliff, traveling to the Philadelphia suburbs Friday as he pressures Republicans to allow tax increases on the wealthy while extending tax cuts for families earning $250,000 or less.
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Unemployment numbers down by 41,000 last week
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The number of people seeking U.S. unemployment benefits fell sharply last week to a seasonally adjusted 410,000, though the figure was elevated for the second straight week by Superstorm Sandy.
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D.C. economic development plan unveiled
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D.C. officials have unveiled the city’s new five-year economic development strategy, aimed at bringing 100,000 new jobs and $1 billion in tax revenue to the District.
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Unemployment numbers down by 8,000
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The number of people seeking unemployment benefits fell last week by 8,000 to a seasonally adjusted 355,000, a possible sign of a healing job market. But officials cautioned that the figures were distorted by Superstorm Sandy.
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2012 Election: Economic impact of the election
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America's decision to re-elect President Barack Obama over Mitt Romney will affect all that and other elements of the U.S. economy and financial system - from the health care law to the overhaul of financial rules.
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Harry Reid calls for 'fiscal cliff' solution
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The top Democrat in Congress called Wednesday for a quick solution to Washington's "fiscal cliff" in an upcoming post-election session of Congress.
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