House rejects two month payroll tax cut standoff grows
Washington Republicans reject a two month extension of Social Security tax cuts as President Obama pushes for a year long renewal. The House vote prompts Senate talks while Reid and GOP leaders clash over negotiating leverage and the looming year end deadline.
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Rise in home building signals turnaround in economy
The U S housing market shows a turning point as November housing starts hit 685000 at an annual pace, up 9.3 percent from October and the strongest since April 2010. Builders project 600000 new homes this year, with apartment starts near 175000, while single family starts may reach 440000, reflecting a gradual recovery from the Great Recession.
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National Association of Home Builders
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