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Federal Reserve Chairman Ben Bernanke addresses a luncheon gathering of The Economic Club of New York, in New York, Tuesday, Nov. 20, 2012. Bernanke on Tuesday urged Congress and the Obama administration to strike a budget deal to avert tax increases and spending cuts that could trigger a recession next year. Without a deal, the measures known as the "fiscal cliff" will take effect in January. (AP Photo/Richard Drew)
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In this Oct. 25, 2012, file photo, Defense Secretary Leon Panetta speaks during a news conference with Joint Chiefs Chairman Gen. Martin Dempsey, not seen, at the Pentagon, in Washington. President Barack Obama and Congress have just a few weeks to figure out how to avert the automatic cuts to defense and domestic programs totaling $110 billion next year. Those reductions are part of the so-called fiscal cliff of expiring Bush-era tax cuts and the across-the-board cuts that Defense Secretary Leon Panetta has warned would be devastating to the military. (AP Photo/Carolyn Kaster, File)
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Speaker of the House John Boehner, R-Ohio, talks about the elections and the unfinished business of Congress, at the Capitol in Washington, Wednesday, Nov. 7, 2012. The first post-election test of wills could start next week when Congress returns from its election recess to deal with unfinished business ó including a looming "fiscal cliff" of $400 billion in higher taxes and $100 billion in automatic cuts in military and domestic spending to take effect in January if Congress doesn't head them off. Economists warn that the combination could plunge the nation back into a recession. (AP Photo/J. Scott Applewhite)
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In a Wednesday, Nov. 7, 2012 file photo, President Barack Obama pauses as he speaks at the election night party at McCormick Place, in Chicago. President Barack Obama will make his first public comments Friday, Nov. 9, 2012 since the victory speech after his re-election, using his speech to set the tone for upcoming tense talks with congressional Republicans on avoiding the so-called "fiscal cliff" ó a combination of deep spending cuts and the expiration of Bush-era tax cuts that will take effect Jan. 1 and threaten to pull the country back into recession. (AP Photo/Carolyn Kaster, File)
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Joseph Malloy III, left, and John Dodds, right, with the Philadelphia Unemployment Project demonstrated as Sen. Bob Casey, D-Pa., center, speaks during a news conference at the 30th Street Station Monday, Nov. 26, 2012, in Philadelphia. Casey announce a planned Joint Economic Committee hearing on the impending "fiscal cliff" of massive tax hikes and spending cuts to take effect in January if Congress doesn't head them off. (AP Photo/Matt Rourke)
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Senate Majority Leader Harry Reid (left), with House Speaker John A. Boehner, speaks to reporters outside the White House in Washington on Friday, Nov. 16, 2012, following a meeting with President Obama to discuss the economy and the deficit. Mr. Obama's re-election has stiffened Democrats' spine against cutting popular benefit programs such as Medicare and Social Security. Their new resolve could become as big a hurdle to reaching a deal for skirting economy-crippling tax increases and spending cuts in January as Republicans' resistance to raising tax rates on the wealthy. (AP Photo/Jacquelyn Martin)
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Mathew Martoma, former SAC Capital Advisors hedge fund portfolio manager, exits court in New York on Monday. Mr. Martoma was released on $5 million bail after his 12-minute appearance before a federal magistrate judge. His movements were restricted. (Associated Press)
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Mark Zandi, chief economist of Moody’s Analytics, says unemployment benefits are a good investment. He said he would extend the benefits for another year as part of a broader package. (Associated Press)
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White House Council of Economic Advisers Chairman Alan Krueger, right, accompanied by White House Press Secretary Jay Carney, speaks to the media about middle class tax cuts and spending, Monday, Nov. 26, 2012, during the daily news briefing at the White House in Washington. (AP Photo/Jacquelyn Martin)
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In this Nov. 7, 2012, photo, James Dresch of MND Partners Inc. works on the floor of the New York Stock Exchange in New York. Wall Street also appeared headed for gains at the opening on Wednesday, Nov. 14, 2012, as renewed efforts got under way in Washington to resolve the impending "fiscal cliff." (AP Photo/Henny Ray Abrams)
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** FILE ** Federal Reserve Chairman Ben S. Bernanke addresses a luncheon gathering of the Economic Club of New York on Tuesday, Nov. 20, 2012. Mr. Bernanke urged Congress and the Obama administration to strike a budget deal to avert tax increases and spending cuts that could trigger a recession next year. Without a deal, the measures known as the "fiscal cliff" will take effect in January. (AP Photo/Richard Drew)
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In this Nov. 16, 2012, photo, President Obama acknowledges House Speaker John A. Boehner, Ohio Republican, while speaking to reporters in the Roosevelt Room of the White House in Washington, as he hosted a meeting of the bipartisan, bicameral leadership of Congress to discuss the deficit and economy. A big coalition of business groups says there must be give-and-take in the negotiations to avoid the "fiscal cliff" of massive tax increases and spending cuts. But the coalition also says raising tax rates is out of the question. The group doesn't care that Mr. Obama campaigned to raise tax rates on the rich. The same song is sung by groups representing retirees, colleges and countless others. (AP Photo/Carolyn Kaster)
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In this file photo, an Amazon.com employee at the Fernley, Nev., warehouse grabs boxes ready to load into a truck. On March 15, 2018, a legislative filibuster scuttled a bill in the Nebraska state legislature intended help the state collect more online sales tax revenue has stalled in the Nebraska Legislature. (Associated Press) **FILE**
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Inspectors stand in debris on Saturday, Nov. 24, 2012, at the site of a natural-gas explosion that leveled a strip club in Springfield, Mass., on Friday evening. (AP Photo/Jessica Hill)
