Your 12 hourly digest for Business News, Financial News, Business Headlines & Analysis - The Washington Post

Business News, Financial News, Business Headlines & Analysis - The Washington Post The source for business news and analysis. Covering economic policy, business policy, financial news, economic issues, stock market data, local business, technology and more.

Reconciliation Dec 1st 2012, 00:00 Ezra is hosting MSNBC's "The Last Word" tonight at 10 p.m. Go watch. (Yes, one of these days we'll come up with drinking games for Ezra's guest-hosting appearances.) Sweden's version of Toys R' Us launches a gender-neutral toy catalog. Read full article >> Obama seeks Aug. 1 deadline for tax reform Nov 30th 2012, 22:49 President Obama is seeking an Aug. 1 deadline for overhauling the tax code and making changes to expensive federal health programs, the final pieces of what the administration conceives as a far-reaching plan to rein in the national debt, senior administration officials said Friday. Read full article >> Pepco, District officials discuss D.C. United stadium for Buzzard Point Nov 30th 2012, 22:37 District officials have entered preliminary discussions with Pepco over the feasibility of building a soccer stadium for D.C. United where the utility's generation and substation facilities are located on Buzzard Point in Southwest D.C. Read full article >> Catchphrases obscure who pays for 'base-broadening' tax reform Nov 30th 2012, 21:31 "Base-broadening, rate-lowering tax reform." It sounds good, right? But what if you call it what it really is? Charity-destroying, home-shrinking, state-burdening tax reform. Doesn't sound as good, does it? Read full article >> Today in the fiscal cliff: Republicans howl at Obama's opening bid Nov 30th 2012, 20:36 Wonkblog is launching a new daily feature that will explain the state of play on the fiscal cliff. This is the first edition. Details of Obama's opening bid leaked Thursday, and the president drove home its central message at a campaign-like rally in Pennsylvania Frida: He's refusing to budge on top tax rates for the wealthiest Americans, and he's refusing to make significant preemptive concessions to Republicans. Republicans have spent the last 24 hours or so howling in protest. Read full article >> The best idea in American politics: Kill the debt ceiling Nov 30th 2012, 20:24 First, a quick correction based on further reporting: Contrary to the initial reports, the White House's opening bid for resolving the fiscal cliff included $600 billion, not $400 billion, in proposed mandatory spending cuts. The precise breakdown was $350 billion in health-related cuts, most of which would come from Medicare, and $250 billion in other mandatory cuts. Read full article >> Questions about the fiscal cliff: Key points about the looming national debt crisis Nov 30th 2012, 20:19 What is the fiscal cliff? The term "fiscal cliff" is Washington shorthand for a series of automatic spending cuts and tax increases set to take effect in January. If enacted, they would amount to the largest spurt of deficit reduction in more than 40 years but could also push the country back into a recession. The cuts include about $100 billion in automatic cuts to defense and domestic government spending. The plan also includes about $400 billion in tax hikes, caused primarily by the expiration of a temporary payroll tax cut and other income tax breaks adopted during the George W. Bush administration. In addition, more than 26 million households will for the first time face the alternative minimum tax, which threatens to tack $3,700, on average, onto taxpayers' bills for the current tax year. Read full article >> Want to sell insurance on the Obamacare exchanges? There's a (3.5%) fee for that. Nov 30th 2012, 20:09 The Obama administration is proposing a new way to finance the health law's insurance exchanges: A fee levied on the insurers who sell in the marketplace. Health and Human Services will operate a health insurance exchange in all states that decline to set up the marketplace themselves. In order to finance the exchange's operations, new draft regulations released Friday envision health plans paying a "user fee" if they want to sell in that space. Read full article >> Uh-oh: The economy might be hitting a rough patch Nov 30th 2012, 19:56 The bottom is falling out of economic forecasters' expectations for U.S. economic growth in the final months of 2012. And if some of the more bearish estimates prove accurate, it will be the weakest rate of growth since the start of 2011. Read full article >> Nuts & Bolts: 2013 Buick Enclave Nov 30th 2012, 19:03 Bottom line: The Buick Enclave is one of the best people-stuff haulers available anywhere at any price. It is the top end of a retail triumvirate formed by the Chevrolet Traverse and GMC Acadia, which also deserve a close look from crossover shoppers. Read full article >> Dog fetches cat Nov 30th 2012, 17:52 Whoever described cats and dogs as mortal enemies clearly never saw this video of teamwork. Read full article >> Pretty much everything you eat is associated with cancer. Don't worry about it. Nov 30th 2012, 17:49 It is, perhaps, one of the most common health-care headlines: A new study linking a new food with a cancer risk. Search for "foods associated with cancer" and Google returns 196 million results, including new studies this month on salt, aspartame and high-carb diets. Read full article >> Is there still time left to avoid 2 C of global warming? Yes, but barely. Nov 30th 2012, 17:35 Over the years, many nations have said they'd like to limit global warming to below 2 C (3.6 F). Past that point, the thinking goes, we're in the realm of "dangerous" climate change — although some experts worry that even 2 C is too risky, given the changes we've already seen, such as the collapse of Arctic sea ice. Read full article >> 2013 Buick Enclave: Worth striving for Nov 30th 2012, 17:19 CORNWALL, N.Y. — I never believed that Shaquille O'Neal or Tiger Woods, or any other hot-shot celebrity, regularly drove Buicks. That automotive nameplate does not carry the prestigious oomph those people usually demand. Read full article >> Graph of the day: Medicaid, Medicare patients most satisfied with health costs Nov 30th 2012, 15:50 For over a decade now, Gallup has polled Americans on their satisfaction with health-care costs. They've recently noticed a gap between satisfaction of the privately insured and those with Medicare or Medicaid, which widened in the most recent round of research: Read full article >> The reality of tax reform: Less charity, smaller homes, higher state taxes Nov 30th 2012, 15:41 "Base-broadening, rate-lowering tax reform." It sounds so good, right? But what if you call it what it really is? Charity-destroying, home-shrinking, state-burdening tax reform. Doesn't sound as good, does it? Read full article >> What Kodak could still learn from Polaroid Nov 30th 2012, 15:22 Twenty-five years ago, two corporations, Eastman Kodak and Polaroid, essentially owned the U.S. market for photographic film, with a modest but growing slice going to Fujifilm of Japan. It was a huge business, with good profit margins. Read full article >> What if we went over the fiscal cliff' forever? Nov 30th 2012, 15:05 Everyone agrees that letting all of the spending cuts and tax hikes scheduled to happen on Dec. 31 would be devastating to the economy next year. But let's take the long view: What would they do to the economy over 10 years? Macroeconomic Advisers took a look and finds that the long-term picture isn't pretty either: According to their new analysis, there would be a budget surplus as soon as 2018, with a 60 percent debt-to-GDP ratio by 2021, but economic growth would take a pummeling. Read full article >> Is it Europe's turn to laugh at the United States? Nov 30th 2012, 14:57 There is something about the impasse over the fiscal cliff that seems eerily familiar. The underlying U.S. economy is reasonably sound, and our problems well within our capacity to solve. The open question is whether our political institutions are up to the challenge. The nation's credibility as a global leader is in question. Read full article >>

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions