Economy

Economic Daily Outlook

FEBRUARY 15, 2012

ECONOMY:
Congressional negotiators reach tentative deal on payroll tax, unemployment benefits
Congressional negotiators reached a tentative deal Tuesday to extend a payroll tax holiday, unemployment benefits and Medicare payment rates for doctors, while finding more than $50 billion in cuts to reduce the effect on the federal deficit.

Geithner Says Business-Tax Plan to Target Breaks
The Treasury Department in the coming weeks will propose new corporate-tax rules that cut rates while eliminating many loopholes, measures meant to simplify the code while increasing the number of companies that contribute to government coffers.

REGULATION:
F.C.C. Bars the Use of Airwaves for a Broadband Plan
A proposed wireless broadband network that would provide voice and Internet service using airwaves once reserved for satellite-telephone transmissions should be shelved because it interferes with GPS technology, the Federal Communications Commission said Tuesday.

Senators launch new push for cybersecurity bill
Leading senators introduced a cybersecurity bill on Tuesday aimed at safeguarding the nation’s water and power systems, which experts have warned often only have the most rudimentary protections against hackers.

ENERGY:
W.H. threatens to veto House transportation bill
The Obama administration blasted the House’s five-year transportation proposal Tuesday and issued the White House’s first veto threat of the year.The White House cited its unhappiness with many of the transportation provisions in the much-criticized $260 billion bill, along with GOP-backed energy language that includes an attempt to hasten approval for the Keystone XL pipeline.

 

HEALTHCARE:

Poll: Small business fear health care costs 
For small business owners in the U.S. who are not hiring new employees, almost half say worries about the potential cost of health care and new government regulations are the reasons they are not hiring, according to a new Gallup poll Wednesday.
EDUCATION:
Plan Offers $5 Billion to Improve Teaching
The Obama administration will propose Wednesday a $5 billion competition aimed at overhauling how America’s teachers are trained, paid and granted tenure, the latest sign of the growing focus on the quality of teaching in public schools.
FOREIGN POLICY:
Obama friendly but firm with China heir apparent
President Barack Obama told Chinese leader-in-waiting Xi Jinping on Tuesday that Beijing must play by the same trade rules as other major world powers and vowed to keep pressing China to clean up its human rights record.
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