U.S. EconomyReuters - The House of Representatives on Wednesday is scheduled to vote on a spending bill that reflects a sharp change of course from the generous spending increases that Democrats have backed over the past two years to fight the deepest recession since the 1930s.
U.S. Economy
Home Depot gives lackluster outlook for next year (Reuters)
Reuters - Top home improvement chain Home Depot Inc gave an outlook for the next financial year that could miss Wall Street expectations amid continued weakness in the U.S. economy and its shares fell.
U.S. fiscal health worse than Europe's: China adviser (Reuters)
Reuters - The U.S. dollar will be a safe investment for the next six to 12 months because global markets are focused on the euro zone's troubles but America's fiscal health is worse than Europe's, an adviser to the Chinese central bank said on Wednesday.
Japan machinery orders fall for second month (AP)
AP - Japan's machinery orders, a closely watched gauge of future business investment, fell for the second straight month as businesses stayed cautious about spending.
Tax deal should help economy, analysts say (AP)
AP - The tax deal struck by President Barack Obama and congressional Republicans essentially gives Americans a pay raise — pumping money into the economy almost immediately and probably creating hundreds of thousands of jobs over the next two years, economists say.
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