Surprise: Obama Backs Bush Tax Cuts Fully

Breaking News from Newsmax.com Obama OKs Two-Year Renewal of Bush Cuts In a surprise move, President Barack Obama compromised with congressional Republicans, allowing for the Bush tax cuts to be fully extended for two years. The extension includes cuts for higher-income individuals, and keeps the 15 percent rate for dividends and capital gains. The deal also includes a one-time cut in Social Security taxes. For Full Coverage, Go Here Now Expert: Obama Policies Will Lead to Five-Year Bear Market More links: Holiday Special: No. 1 Best-Selling Gift Item Ever Sleep Through the Night Again. Try Prostate Revive for FREE This e-mail is never sent unsolicited. You have received this Newsmax e-mail because you subscribed to it or someone forwarded it to you. To opt out, see the links below. TO ADVERTISE For information on advertising, please contact Newsmax Advertising Sales via e-mail. TO SUBSCRIBE If this e-mail has been forwarded to you and you would like to sign up, please click here. Remove your e-mail address from our list or modify your profile. We respect your right to privacy. View our policy. This e-mail was sent by: Newsmax.com 4152 West Blue Heron Blvd., Ste. 1114 Riviera Beach, FL 33404 USA 1032896 B3FF-1

U.S. Top News Early Edition: UK police arrest WikiLeaks' Assange over rape claim

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Good Morning Omss, TUE 07 Dec 2010    UK police arrest WikiLeaks' Assange over rape claim Obama announces tax deal with Republicans Ireland to spare no one in austerity drive UPS expands security for retail shipping China rate rise talk builds as loans and inflation rise Markets tense as EU makes no move on debt crisis U.S. exits Citigroup stake and earns $12 billion profit Wal-Mart class-action appeal goes to Supreme Court China hits back at criticism over North Korea EU agrees to back Russia's WTO entry SK evacuees, anti NK protests Iran nuclear talks in Geneva Colombian landslide search continues UK police arrest WikiLeaks' Assange over rape claim December 07, 2010 09:01 AM ET LONDON (Reuters) - WikiLeaks founder Julian Assange handed himself in to British police on Tuesday after Sweden issued a warrant for his arrest over allegations of sex crimes, London's Metropolitan Police said. Full Article Obama announces tax deal with Republicans December 07, 2010 08:26 AM ET WASHINGTON (Reuters) - President Barack Obama on Monday unveiled a compromise deal to extend all Bush-era tax cuts for two years, giving ground to emboldened Republicans who won big in last month's congressional elections. Full Article Ireland to spare no one in austerity drive December 07, 2010 08:28 AM ET DUBLIN (Reuters) - Ireland's deeply unpopular government will unveil a record austerity budget on Tuesday, inflicting more pain on voters to bring down a soaring deficit and win quick access to emergency loans from the EU and IMF. Full Article UPS expands security for retail shipping December 07, 2010 09:20 AM ET NEW YORK (Reuters) - United Parcel Service is requiring photo identification for retail shipping as it expands security during its peak season after two parcel bombs were intercepted in October. Full Article China rate rise talk builds as loans and inflation rise December 07, 2010 09:07 AM ET BEIJING (Reuters) - China is likely to raise interest rates in the coming days in a demonstration of the government's resolve to tame inflation, an official newspaper said on Tuesday. Full Article Markets tense as EU makes no move on debt crisis December 07, 2010 09:11 AM ET BRUSSELS/LONDON (Reuters) - Tension persisted on European bond markets on Tuesday after Germany and fellow euro zone states resisted IMF calls to do more to quell the currency bloc's debt crisis, leaving the ball with a reluctant European Central Bank. Full Article U.S. exits Citigroup stake and earns $12 billion profit December 07, 2010 12:52 AM ET WASHINGTON (Reuters) - The U.S. government sold off its remaining shares in Citigroup Inc on Monday for $4.35 each, marking an exit from ownership in the bailed-out banking giant with a $12 billion gross profit for taxpayers. Full Article Wal-Mart class-action appeal goes to Supreme Court December 06, 2010 10:16 PM ET WASHINGTON (Reuters) - The Supreme Court said on Monday it would decide if the largest sex-discrimination class-action lawsuit in U.S. history against Wal-Mart Stores Inc can proceed, a case involving women workers who seek billions of dollars in damages. Full Article China hits back at criticism over North Korea December 07, 2010 08:20 AM ET BEIJING/ SEOUL (Reuters) - China Tuesday hit back at the United States and its Asian allies for their refusal to talk to North Korea, saying dialogue was the only way to calm escalating tension on the divided Korean peninsula. Full Article EU agrees to back Russia's WTO entry December 07, 2010 08:40 AM ET BRUSSELS (Reuters) - The European Union formally backed Russia's bid to join the World Trade Organization on Tuesday, clearing the way for Moscow to join the body in 2011, after 17 years of trying. Full Article

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