Small Business News You Can Use (3/1)

U.S. consumers shed debt in Q4

(Reuters) - U.S. consumer debt fell a modest 1.1 percent in the fourth quarter as mortgage debt continued to decline, the New York Federal Reserve said on Monday. More...


Time nears for an American tax overhaul-Summers

(Reuters) - However the U.S. presidential election turns out, the trifecta of the Bush tax cut expiration, the debt limit ceiling on the horizon once again, and the congressionally mandated sequesters - cuts in domestic spending - will force the president and Congress to wrestle with fiscal issues, either in a lame-duck session after the election or in early 2013. More...


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Durable goods orders take biggest drop in three years

WASHINGTON – Businesses slashed spending on machinery and equipment in January after a tax break expired, pushing orders for long-lasting manufacturing goods down by the largest amount in three years. More...


U.S. Home Prices Decline 4%, More Than Forecast

Home prices in 20 U.S. cities dropped more than forecast in December to the lowest level since the housing crisis began in mid-2006, indicating foreclosures are hampering the industry’s recovery. More...


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