China's growth may be levelling off, however, as as manufacturing, consumer spending return to normal
New research finds that housing and debt risks are on the rise
Notable jobs gains were seen in retail, health care, construction and educational services
The "deep slide" in the deficit reflects economic deterioration and pandemic response spending
Consumers' spending and personal incomes both fell sharply
Low interest rates have changed the Treasury secretary's views on federal debt
Continued support from the Fed will be required
A report from Moody's Investors Service says the default rate was much higher for U.S. firms
But a rebound is expected in February due to eased restrictions
Vaccines, fiscal stimulus and a stronger start to 2021 underpin a rosier outlook