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Tax deal and spending plan face a hectic finish for Congress Washington Post President Barack Obama says a deal he has struck with congressional Republicans on renewing Bush era tax cuts keeps his 2008 promise to protect the American middle class from an increase in tax rates. By Paul Kane With a massive bipartisan tax-cut ... See all stories on this topic » Washington Post

TREASURIES-Soft in Asia, 10-year yield at 50 pct retracement Reuters TOKYO Dec 8 (Reuters) - US Treasury prices eased in Asia on Wednesday, with the 10-year yield floating near a 5-½ month high and threatening to break a key retracement level, after a proposed extension of tax cuts boosted optimism on the US economy. ... See all stories on this topic »

Citigroup shares rise after bank escapes US fetters Reuters By Maria Aspan NEW YORK (Reuters) - Shares of Citigroup Inc (CN) rose 4 percent on Tuesday, a day after the US government sold off its remaining stake in the bailed-out banking giant. The US Treasury said late Monday that it had sold its 2.4 billion ... See all stories on this topic » Reuters

Bank of America settles allegations of kickbacks, collusion Los Angeles Times In a deal with 20 states and three federal agencies, the bank will pay $137 million for its part in a scheme to pay states, cities and school districts artificially low interest rates on investments. The company agreed to pay $67 million to the 20 ... See all stories on this topic » Los Angeles Times

Dollar presses higher on yield gain, euro sags Reuters By Charlotte Cooper and Masayuki Kitano TOKYO/SINGAPORE (Reuters) - The dollar firmed and looked set to climb further on Wednesday, having powered up across the board the day before on the back of a spike in US bond yields, while the euro slipped ... See all stories on this topic » Reuters

Package Would Give Obama Stealthy Stimulus Wall Street Journal By SUDEEP REDDY The tax package heading to Congress could give a noticeable boost to the economy next year, economists said, giving the Obama administration a second, stealth stimulus package without antagonizing lawmakers reluctant to spend more to ... See all stories on this topic »

High Court Case Tests Ariz. Law Targeting Employers NPR by Nina Totenberg The US Supreme Court hears arguments Wednesday in a case testing a 2007 Arizona law that imposes harsh penalties on businesses that hire illegal immigrants. Three years ago, Arizona became the first state to try to assume control of a ... See all stories on this topic »

For Europe, a crisis too good to waste MarketWatch By Rex Nutting, MarketWatch BRUSSELS (MarketWatch) — Just about every day, we hear another argument that Europe's grand experiment with economic union will end in failure, if not this year, then very soon. Despite desperate measures to rescue Greece ... See all stories on this topic »

Oil falls below $88 in Asia on profit-taking Houston Chronicle By EILEEN NG AP © 2010 The Associated Press KUALA LUMPUR, Malaysia — Oil prices fell Wednesday in Asia as traders locked in profits after crude rose above $90 a barrel for the first time in more than two years. Benchmark oil for January delivery was ... See all stories on this topic »

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