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
- How our botched understanding of 'science' ruins everything
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 43 TV shows to watch in 2014
- Mike Huckabee's head-scratching advice to Christian voters
- How Scotland's independence movement lost the vote and still won everything
- 6 things the happiest families all have in common
- The science of sex: 4 harsh truths about dating and mating
- The American middle class is no longer safe from poverty — and that might be a good thing
- Adrian Peterson and our misguided debate about spanking
- The Tea Party has its own immigration problem: Cuba
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