WASHINGTON (AP) — Tucked into the "fiscal cliff" tax package approved by Congress are billions of dollars in tax breaks that should make the new year a lot happier for businesses of many stripes, including film producers, race track owners and the makers of electric motorcycles.
DETROIT (AP) — Ford Motor Co. says its U.S. sales rose 2 percent in December, as strong sales of small cars made up for weak truck sales.
Sales of the Focus small car rose 58 percent from last December, while the Fiesta subcompact was up 53 percent. F-Series pickup truck sales were flat compared with last December. Sales of the new Ford Escape small SUV, which has been hit with several recalls, fell 21 percent.
Ford's U.S. sales were up 5 percent overall this year. Truck sales rose just 2 percent, but Ford saw higher increases for cars and SUVs like the Ford Explorer.
HONOLULU (AP) — A week after rushing to Washington to help end a tense, end-of-year standoff with Congress, President Barack Obama is back in Hawaii for vacation.
The president's annual visit to the state where he was born and spent much of his childhood was interrupted as he and members of Congress contended with the unfinished business of the "fiscal cliff" crisis that threatened to throw the economy back into recession.