Senate tax showdown edges toward year end deal
Senate Republicans blocked extending expiring tax cuts except for the highest incomes while signaling a path to a White House compromise. President Obama urged a resolution to prevent a tax rise on January 1. Leadership from both parties eyed a deal by mid to late next week combining tax cuts with extended jobless benefits and other expiring provisions.
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Obama hails Korea trade deal as U S job boost
President Obama praised a freshly sealed trade pact with South Korea as a landmark agreement. He said it would support tens of thousands of American jobs, boost the domestic auto industry, and mark a major step in leading the U.S. in the global economy. The pact requires Congress and could be the largest since 1994. He urged opening new markets for American made products amid weak job growth.
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