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Democratic senators see support for "fiscal cliff" deal Monday, Dec 31, 2012 08:04 PM PST WASHINGTON (Reuters) - Democratic senators emerged from a meeting with Vice President Joe Biden late on Monday saying there was strong support for quickly passing legislation aimed at averting the fiscal cliff. Senator Joseph Lieberman, an independent from Connecticut, and Senator Charles Schumer, of New York, who is a member of the Senate Democratic leadership, both said the Senate would aim to pass the newly struck deal by a midnight (0500 GMT Tuesday) deadline. If it passes the Senate, the House of Representatives would still have to approve it. A vote in that chamber could come on Tuesday. ... Full Story | Top |
U.S. heading off 'fiscal cliff' despite Senate efforts Monday, Dec 31, 2012 08:04 PM PST | Top |
China official factory PMI points to steady growth revival Monday, Dec 31, 2012 07:08 PM PST | Top |
Sharp considering raising $1.2 billion to beef up capital: media Monday, Dec 31, 2012 06:45 PM PST | Top |
"Fiscal cliff" deal reached between White House, lawmakers: source Monday, Dec 31, 2012 06:42 PM PST | Top |
Best Buy loses two board directors Monday, Dec 31, 2012 06:32 PM PST | Top |
China commentaries demand U.S. responsibility on "fiscal cliff" Monday, Dec 31, 2012 05:43 PM PST BEIJING (Reuters) - China's official Xinhua news agency demanded on Tuesday that the United States live up to its global economic responsibilities, put political infighting aside and sort out the "fiscal cliff" mess. "Being the world's only superpower and the issuer of the dominant global reserve currency, the United States has a unique role and an unshirkable duty to help cure the ailing global economy," one of its English-language commentaries said. ... Full Story | Top |
"Fiscal cliff" tumble looms despite Senate efforts Monday, Dec 31, 2012 03:36 PM PST | Top |
Shaw CEO sells most of stake after shareholders ok CB&I deal Monday, Dec 31, 2012 03:26 PM PST (Reuters) - James Bernhard, chief executive of engineering company Shaw Group Inc , has sold off most of his stake in the company he founded after shareholders approved a sale to Chicago Bridge and Iron Co NV this month. Late last week, Bernhard reduced his shareholding in Shaw to 143,356 shares from 1,131,603, according to filings with U.S. securities regulators on Monday, in a sale that would have raised more than $45 million. In criticizing the deal price of $46 per share that Bernhard negotiated for Shaw, H. ... Full Story | Top |
Senate eyeing two-month delay of automatic spending cuts: McCain Monday, Dec 31, 2012 03:19 PM PST WASHINGTON (Reuters) - A possible deal between Senate Republican leader Mitch McConnell and Vice President Joe Biden to avert the "fiscal cliff" would include a two-month delay in automatic federal spending cuts that were due to begin this week, Republican Senator John McCain said on Monday. McCain said the deal would include $24 billion in other spending cuts to cover the cost of the delay, and would also include a one-year extension of unemployment benefits. ... Full Story | Top |
House expects to reconvene at noon Tuesday - Representative LaTourette Monday, Dec 31, 2012 02:58 PM PST WASHINGTON (Reuters) - The U.S. House of Representatives expects to reconvene on Tuesday at noon, Representative Steven LaTourette said, after negotiations to avert the "fiscal cliff" developed slowly on Monday. LaTourette, a Republican, also said that House members have been told to stay close on Monday evening and that they may be called back to continue negotiations. (Reporting by Rachelle Younglai; Editing by Will Dunham) Full Story | Top |
Live Nation Chairman Azoff resigns; Liberty buys shares Monday, Dec 31, 2012 02:54 PM PST | Top |
Treasury says hitting debt ceiling on Monday Monday, Dec 31, 2012 02:54 PM PST WASHINGTON (Reuters) - The U.S. Treasury said it would hit a legal limit on borrowing on Monday but was launching new measures to keep the nation from defaulting on its debt. A Treasury official said the federal government was hitting its $16.4 trillion ceiling on borrowing. The government is facing a crunch on the debt ceiling because the issue has become tangled up in talks to avoid some $600 billion in tax hikes and spending cuts due to begin in early January. Failing to raise the debt ceiling could cause the government to default on its debt. ... Full Story | Top |
Combative Obama knocks Republicans, says fiscal deal in sight Monday, Dec 31, 2012 02:47 PM PST WASHINGTON (Reuters) - President Barack Obama, in remarks that needled Republicans and resembled a victory lap, said on Monday an agreement with Congress to avoid a "fiscal cliff" of tax increases and spending cuts was in sight. The Democratic president appeared at a White House event in the early afternoon with cheering supporters to press for lawmakers to complete a deal that would extend tax cuts for the middle class, raise rates for high earners and extend unemployment insurance for people seeking work. ... Full Story | Top |
Skeptical Senate Democrats seek meeting with Biden on "fiscal cliff" deal: aide Monday, Dec 31, 2012 02:18 PM PST WASHINGTON (Reuters) - Skeptical U.S. Senate Democrats requested a meeting on Monday with Vice President Joe Biden about the tentative deal on the "fiscal cliff" that he is forging with Senate Republican leader Mitch McConnell, a Democratic Senate aide said. With the deal apparently short of needed support, Democrats are hopeful that Biden will meet with them, but have not yet received a commitment, the aide said. Some Democrats complain that Biden went too far to find common ground with McConnell. ... Full Story | Top |
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