Bloomberg: The Fiscal Cliff Will Drive the U.S. Into Recession

House Speaker John Boehner says he was "flabbergasted" when Treasury Secretary Tim Geithner pitched the White House plan to save the nation from the "fiscal cliff." FULL STORY

Fed's Bernanke, Pianalto say recovery disappointing

The economic recovery remains disappointingly slow with unemployment too high, two top Federal Reserve officials said on Thursday...

Bernanke hopes U.S. not relegated to slow recovery

Federal Reserve Chairman Ben Bernanke said on Friday it was unclear whether the U.S. economy would be relegated to the type of slow recovery that typically follows....

Yen drifts up as Japan silent and Asia stocks down

The yen drifted higher on Thursday, though the threat of Japan selling more of its currency loomed, while Asian stocks slipped from a near five-month...

Bernanke speech shows effort to find Fed consensus

Ben Bernanke is struggling to build consensus among Federal Reserve officials about what steps are needed - if any - to give the economy a boost...

Fed Split on Move to Bolster Economy

At least seven of 17 Fed officials spoke against or expressed reservations on a plan...

Bank failure pace more than double last year

Regulators on Friday shut down a Nevada bank, raising to 83 the number of U.S. bank failures this year.

Stocks Rise as Traders Await Fed

By Peter A. Mckay and Donna Kardos Yesalavich..

Stocks pushed to the highest levels this year on the backs of financial, energy and materials shares, as investors went back to betting on a global recovery after a pullback Monday.

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