Army to send 800 soldiers from Germany to Gulf area
The Army announced deploying about 800 engineering and intelligence specialists and some 300 air defense troops to the Persian Gulf in coming weeks as part of a broad buildup around a possible attack on Iraq. The move follows orders affecting divisions based in Germany and U.S. forces in Kuwait and nearby states.
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Crude prices rise as Venezuela strike tightens stocks
US crude inventories fell 9.1 million barrels to 278.3 million in the week ended Dec 27 as Venezuelan output remained halted by a strike. API and DOE data showed lower imports and higher refinery utilization boosting futures on NYMEX and ICE.
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White House plan seen with $300 billion stimulus aim
A White House briefing outlines a proposal to inject about 300 billion dollars in new stimulus over the next decade. It would accelerate tax-rate cuts set for 2004 and 2006, possibly including the top rate for the wealthiest. Dividends relief likely excludes full tax repeal, with AMT reform kept as a down payment rather than full repeal due to cost.
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