finance entry

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  Confidence falls as U.S. payroll tax rise hits

  By Jeanna Smialek, Bloomberg  |  January 18, 2013

  Confidence among American households unexpectedly fell to a one-year low in January, as higher payroll taxes create a risk that the biggest part of the economy will slow in early 2013.

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  Fed’s Beige Book sees economic expansion as ‘modest or moderate’

  By Joshua Zumbrun and Aki Ito, Bloomberg  |  January 16, 2013

  The U.S. economy picked up across much of the country last month, boosted by auto and home sales, even as the outlook for unemployment showed few signs of improvement, the Federal Reserve said.