President Barack Obama meets withtop business leaders; the Senate may vote on the tax bill today;Obama"s health care law may hinge on the Supreme Court.
TOP GOVERNMENT STORIES
Obama Meeting CEOs Shows Business President Who Delivers Gains
When President Barack Obama today holds his largest privatemeeting with chief executive officers since he entered the WhiteHouse, he may find some of his corporate critics cheering.
Senate Set to Pass $858 Billion Bush-Era Tax Cut Measure Today
The U.S. Senate today is poised to pass President BarackObama"s $858 billion proposal to extend Bush-era tax cuts forall income levels, cut payroll taxes and extend expanded joblessbenefits.
Health Care Case Up for Grabs" as U.S. High Court Clash Looms
The focus of the debate over President Barack Obama"shealth-care overhaul is already turning toward the U.S. SupremeCourt, even though it may be years before the justices resolvethe law"s constitutionality.
Trillion-Dollar Bill Packed With Earmarks" in U.S. Senate
A 1,924-page Somnibus bill to fund the government isheaded for a U.S. Senate vote that will put lawmakers from bothparties on the spot over the practice of earmarking money fortheir pet projects.
Senate to Debate Russia Treaty as Reid Predicts Ratification
Senate Majority Leader Harry Reid said the chamber willhave the 67 votes needed to ratify a new U.S.-Russia nucleararms treaty as the chamber plans to begin debate on it todayafter passage of a tax-cut measure.
TODAY ON BLOOMBERG TV: Former Chairman and Chief ExecutiveOfficer of the New York Stock Exchange Richard Grasso appears at9 a.m. to discuss President Obama"s CEO summit; and New YorkState Lieutenant Governor Richard Ravitch appears at 10:45 a.m.to talk about the state"s debt.
WHITE HOUSEPresident Barack Obama makes a statement to the press at 9:15a.m. and then meets with business leaders at Blair House.
CONGRESSThe Senate may vote on the tax bill today.REPORTSThe Labor Department will release November consumer pricefigures at 8:30 a.m. The Federal Reserve Bank of New Yorkreleases its December Empire State manufacturing index at 8:30a.m. The Treasury Department reports on net foreign investmentin the U.S. during October at 9 a.m. The Federal Reservereleases November industrial production figures at 9:15 a.m. TheNational Association of Home Builders releases its Decemberhomebuilders sentiment index at 10 a.m.
HIGHLIGHTS FROM U.S. NEWSPAPERS
U.S. Too Dependent on China for Rare Earth Supplies, NYT Says
The U.S. is too dependent on China for rare earth, which iscrucial for producing so-called green products such as electriccars, wind turbines and compact fluorescent bulbs, the New YorkTimes said, citing a U.S. Energy Department report due to bereleased today.
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