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Postal Service Reports Record $15.9 Billion Annual Loss
USPS service delivery truck in a residential area of San Francisco, California (Photo credit: Wikipedia) WASHINGTON – The struggling U.S. Postal Service on Thursday reported an annual loss of a record...
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U.S. Manufacturing Down In November
Manufacturing in the U.S. unexpectedly contracted in November as orders dropped to a three-month low and exports slowed. The Institute for Supply Management‘s factory index decreased to 49.5, the...
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U.S. Unemployment Rate Falls To 7.7 Percent
WASHINGTON — 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...
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Don’t Be Fooled By January Pay — Higher Taxes Loom
Seal of the United States Internal Revenue Service. The design is the same as the Treasury seal with an IRS inscription. (Photo credit: Wikipedia) WASHINGTON (AP) — Workers probably won’t feel the full...
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Senate Leaders To Make Last-Ditch ‘Fiscal Cliff’ Effort
WASHINGTON (Reuters) – President Barack Obama and U.S. congressional leaders agreed on Friday to make a final effort to prevent the United States from going over the “fiscal cliff,” setting off intense...
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Progress Seen In Last-Minute ‘Fiscal Cliff’ Talks
English: President Barack Obama addresses a joint session of the United States Congress in the chamber of the House of Representatives at the United States Capitol on 24 February 2009. Español:...
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Senate Approves “Fiscal Cliff” Deal, Crisis Eased
WASHINGTON (Reuters) – The Senate moved the U.S. economy back from the edge of a “fiscal cliff” on Tuesday, voting to avoid imminent tax hikes and spending cuts in a bipartisan deal that could still...
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House, Senate Approve ‘Fiscal Cliff’ Bill
Official portrait of United States House Speaker (R-Ohio). (Photo credit: Wikipedia) Editor’s note: Well it’s about damn time! WASHINGTON — Congress’ excruciating, extraordinary New Year’s Day...
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Families In Berks County Now Must Learn To Manage A Tax Hike
The U.S. economy survived the plunge off the so-called fiscal cliff only to find itself in hot water. A last-minute tax hike rescue by a reluctant Congress meant there was no room in the legislative...
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The Real Fiscal Cliff: The 4.8 Million Long-Term Unemployed
Today’s alarming financial news is the rise in first-time unemployment claims to 385,000, up 28,000 and also above expectations. The U.S. Labor Department report shows the labor market is weakening,...
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Delays Hit Major Airports As Control Tower Furloughs Kick In
Seal of the United States Federal Aviation Administration. (Photo credit: Wikipedia) NEW YORK (Reuters) – Travelers waited more than an hour for flights in New York and experienced delays at other U.S....
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Deficit To Get Millions Worse In Future, Reading City Council Told
A 1947 topographic map of the Reading, Pennsylvania area. (Photo credit: Wikipedia) City Controller Christian Zale on Monday pressed his case, again, to City Council: Unless the city makes some drastic...
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