Congress moves toward final passage of tax bill
Congress advances a bipartisan tax bill to avert an January tax spike for individuals and extend unemployment benefits. The measure cuts Social Security taxes for most workers and injects billions into the economy as Republicans prepare for new leadership in January. The Senate approved it 81 to 19.
MENTIONED IN THIS ARTICLE
Washington, D.C
Congress
Barack Obama
GOP
Ginny Brown- Waite
R-Fla
Rob Andrews
New Jersey
House
Senate
Enc Cantor
Virginia
White House presses for year end spending bill with earmarks
The White House pushes for a 1.27 trillion year end spending bill despite thousands of pet projects. Obama prefers no earmarks while Defense Secretary Gates cites need for funding for Iraq and Afghanistan including 158 billion. The bill funds federal programs through Sept 30, 2011.
MENTIONED IN THIS ARTICLE
Washington
White House
Barack Obama
Robert Gibbs
Obama
Defense
Robert Gates
Iraq
Afghanistan
Gates
Pentagon
Jobless claims decline as economists foresee better year ahead
Weekly unemployment benefits fell to 420000 for the week ending December 11, with the four week average at 422750 the lowest since August 2008. Economists warn sustained drops are needed to signal real unemployment improvement while housing starts rose 3.9 percent to 555000 in November.
MENTIONED IN THIS ARTICLE
Washington, D.C
Congress
Labor Department
Lehman Brothers
Jonathan Basile
Credit Suisse
Commerce Department
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Bobsfish.com
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