Reid Yields on Votes for Unemployment Benefit Bill
Senate Majority Leader Reid backs allowing a reasonable number of Republican amendments to the long term unemployment benefit measure. Critics question the scope and timing as lawmakers seek a deal next week and offsetting savings. The package would extend benefits up to 31 weeks with a 17.1 billion deficit tally under a 10 year budget window.
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Target breach could have lasting effects on sales and profits
Target disclosed the breach affected up to 70 million customers, with 40 million credit and debit card accounts involved, potentially making this the largest retailer data theft. Analysts warn the fallout could drag on for quarters as sales recovery slows and earnings outlook is lowered.
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Surprisingly weak December jobs report puzzles economists
Washington observed a shockingly small gain of 74 000 payrolls in December undermining the trend high labour market data. Cold weather and statistical quirks are cited as drivers with construction layoffs and a dip in the average work week shaping the report.
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