Senate expected to approve tax cuts deal by today
The Senate moves toward passing an $858 billion tax cuts package as House Democrats and the White House push to finalize the measure. Romney Palin and Limbaugh oppose the plan, which extends Bush era cuts through 2011 and keeps unemployment benefits, while Democrats seek changes to the estate tax and financing.
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Senate
Washington
Barack Obama
House
White House
George W. Bush
Mitch McConnell
GOP
McConnell
Sage
Robert Gibbs
Massachusetts
Mitt Romney
Romney
Alaska
Sarah Palin
Rush Limbaugh
Obama
USA Today
Louise Slaughter
Dn.y
House Rules Committee
House Democrats
Senate Republicans
Fed keeps pace with 600 billion bond buying plan
The Federal Reserve on Tuesday kept the $600 billion Treasury bond buying program steady citing ongoing economic weakness and high unemployment. Investors reacted to the decision amid fears that a tax-cut package could spur growth and lift rates. Separately, a jury awarded $71 million in compensatory damages to the estate and son of a woman who died of lung cancer after Lorillard Tobacco Co allegedly enticed Black children with free cigarettes.
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Federal Reserve
Treasury
Fed
Lorillard Tobacco Co
Market Prices Survey Tuesday's Wall Street Totals
The Dow rose to 11,476.54 with a gain of 4798 points? The Nasdaq stood at 2,627.12 up 42.81. The S P 500 reached 1,241.59. The 30 year Treasury yield hovered around 4.56 percent. In commodities, corn slipped 1.25 cents to $5.87, soybeans fell 6.5 cents to $12.96, wheat dropped 21 cents to $7.99, and oil slipped 33 cents to $88.28.
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Dow Industrials
S&p
Chicago
Kansas City
New York
Retail sales rise as holiday momentum boosts outlook
Washington reports stronger holiday start with November retail sales up 0.8 percent led by department stores 2.8 percent. Inflation remains tame and firms restock anticipating demand. CEOs at major companies foresee hiring in six months though unemployment stays high.
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Washington
America
Federal Reserve
Treasury
Jonathan Basile
Credit Suisse Securities
Commerce Department
Joel Naroff
Naroff Economic Advisers
Best Buy Co
Wal-Mart Stores Inc
U.S
Best Buy
Basile
Florida researchers capture first X ray images of lightning
An undated AP photograph from the UF FIT International Center for Lightning Research and Testing in Gainesville shows rocket triggered lightning. Researchers using a special camera recorded X rays emitted by the flashes before ground impact, aiming to improve lightning movement prediction.
MENTIONED IN THIS ARTICLE
AP Photo
University of Florida
UF/FIT International Center for Lightning research and Testing
ICLRT
Gainesville
Fla
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