GOP leaders craft counteroffer in bid to end budget war
Republicans drop a ten year tax cut plan and seek less spending than Clinton as they move toward a budget compromise. House Speaker Hastert and Senate Leader Lott hope to wrap up the 2001 budget with four overdue bills and immigration talks.
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Jobless Claims Fall But Indicate Labor Market Cooling
The Labor Department reports a 9,000 drop to 352,000 new unemployment claims for the week ending December 2, the lowest since November 18. The four week average rose to 345,250, the highest since July 18, 1998, signaling easing demand for new workers amid a moderating economy and potential wage pressure.
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