As the parties wrangle over taxes and the "fiscal cliff," there's been a lot of talk about the golden days of the 1990s — and each party's role in creating it. Yet economists say a lot was happening outside Washington as well.
House Speaker John Boehner was dealt a major defeat Thursday night. After spending most of the week trying to round up votes for his "Plan B" to extend tax cuts for virtually everyone, he pulled the measure without a vote. The clock keeps ticking toward the end of the year, when automatic tax increases and spending cuts are set to hit.
Now the White House chief of staff, Lew finessed the 2011 deal that set up the automatic spending cuts and tax hikes set for the new year — and did it in a way that put President Obama in the catbird seat for the current talks. Now he's a possible pick to be the next Treasury secretary.
The ability to customize products began with computers more than a decade ago. Now, you can create your own T-shirts, jeans, custom-blend cosmetics and candy. Even luxury brands like Burberry, Prada and Louis Vuitton now let customers design their own looks.
A day after eurozone lenders finally released about $45 billion in loans to Greece, a top credit agency raised its rating on the country by a six points. It's a rare piece of good news for Greece, which still faces Depression-level unemployment and at least another year of recession.
Herbalife is moving to Forsyth County. The Winston-Salem Journal reports the company has chosen to locate a manufacturin
The population explosion in Williston, N.D., has been a blessing and a curse for many local businesses. Stores and restaurants are struggling to find workers because they can't compete with what most oil jobs pay. Plus, there's now a day care shortage, and housing costs have skyrocketed.
Republicans are insisting on more austere entitlement programs as leaders negotiate a deal to keep the nation from going over the "fiscal cliff" in the new year. But many Democrats are wary of including any far-reaching and long-lasting entitlement reforms in a hastily thrown-together deal.