Stock markets rebounded around the world early Monday thanks partly to apparent progress made in talks between President Obama and congressional leaders on avoiding the fiscal cliff. There was a global sell-off last week as investors became increasingly worried that gridlock in Washington would prevent Congress from reaching a deficit reduction deal that would avert $600 billion in spending cuts and tax hikes scheduled to hit on Jan. 1, potentially sending the U.S. economy back into recession. But the mood shifted after congressional leaders left a Friday meeting at the White House expressing confidence they could reach an agreement.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- After Ferguson: Stop deferring to the cops
- Ferguson riots were terrible — but this racist reaction was worse
- The hilarious hypocrisy of Republicans complaining about the imperial presidency
- 43 TV shows to watch in 2014
- Don't argue about politics this Thanksgiving. Just don't.
- In Ferguson, Michael Brown lost his life — and America's police lost the benefit of the doubt
- Is it now OK to have sex with animals?
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Why the poor can't catch a break on Thanksgiving
- 7 grammar rules you really should pay attention to
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