Fiscal cliff would drive the U.S. economy back into recession.

Fiscal cliff would drive the U.S. economy back into recession before end of 2013, a new report from the Congressional Budget Office said. Congressional Budget Office released a report showing that the most harmful consequences of the fiscal cliff, a fully armed and operational fiscal cliff would cost us 3.4 million jobs. Obama Fiscal Cliff Deal Risks Brush With Recession

Stocks Slide Ahead of Fed; BofA Gains 10%

Stocks declined across the board Thursday, reversing three days of gains, amid jitters over European markets and as investors remained cautious..

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