Record low interest rates, cold hard cash on balance sheets and Mexico are among the themes at the Milken Institute Global Conference.» Read More
*CBO compares Senate bill savings to going over "cliff". *House Republicans say Senate bill spending cuts too small.
*House Republicans could force confrontation with Senate. The bill drew overwhelming support from Republicans and Democrats alike in the Senate when it passed by a vote of 89 to 8. But Majority Leader Eric Cantor, the No. 2 Republican in the House, told reporters after huddling with other Republicans that he does not support the measure.
WASHINGTON, Jan 1- Eric Cantor, the Republican leader in the U.S. House of Representatives, said on Tuesday he does not support the Senate- passed "fiscal cliff" bill, further raising questions about how Congress will address automatic spending cuts and tax increases that began to take effect just after midnight.
WASHINGTON, Jan 1- The Republican leader of the U.S. House of Representatives said on Tuesday no decision has been made on when his chamber will vote on the Senate- passed "fiscal cliff" bill. "We have not made a decision yet," House Republican Leader Eric Cantor told Reuters as he emerged from the office of House Speaker John Boehner.
The top leaders in both parties on the House and Senate Agriculture committees have agreed to a one-year extension of the 2008 farm bill that expired in October, a move that could head off a possible doubling of milk prices next month.
Democratic and Republican sources involved in negotiations reported some progress Friday toward a potential deal averting the "fiscal cliff" ahead of an afternoon summit at the White House between President Barack Obama and congressional leaders.
*U.S. stocks cut losses late as Congress to convene Sunday.
WASHINGTON, Dec 27- The House of Representatives will return to Washington on Sunday night, just over a day before U.S. income tax rates are set to spike higher, in a last-ditch chance to avert the year-end "fiscal cliff."
Treasury Secretary Timothy Geithner on Wednesday notified Congress that the U.S. is going to hit the debt ceiling on New Year's Eve.
*Anti-tax members of Congress saw risks but little reward. WASHINGTON, Dec 22- Had there been a vote on Republican House Speaker John Boehner's "Plan B" to avert the so-called U.S. fiscal cliff on Thursday night, it would not have been close.
*Obama, lawmakers leaving Washington for Christmas. WASHINGTON, Dec 21- The White House on Friday tried to rescue stalled talks on a fiscal crisis after a Republican plan imploded in Congress, but there was little headway as lawmakers and President Barack Obama abandoned Washington for Christmas. So I hope that every member of Congress is thinking about that.
WASHINGTON, Dec 20- Republicans in Congress pushed ahead with a "fiscal cliff" plan on Thursday that stood no chance of becoming law as time ran short to reach a deal with President Barack Obama that would avert a Washington- induced economic recession.
NEW YORK, Dec 20- Oil prices inched higher in choppy trading on Thursday, boosted by favourable economic data that showed the U.S. economy grew faster than expected in the third quarter, even as U.S. budget talks seemed stuck in deadlock.
WASHINGTON, Dec 20- As a year-end deadline looms, Republicans in the U.S. House of Representatives pushed ahead on Thursday with their own "fiscal cliff" plan in a move that muddles negotiations with the White House to avoid steep tax increases and spending cuts.
WASHINGTON, Dec 20- U.S. House of Representatives Majority Leader Eric Cantor said on Thursday that House Republicans will have enough votes to pass their "Plan B" alternative package of tax increases on income above $1 million coupled with spending cuts.
We are committed to addressing the spending, said House Majority Leader Eric Cantor, (R-VA) explaining the GOP's alternative plan to address the looming "fiscal cliff." CNBC's John Harwood, weighs in.
WASHINGTON, Dec 20- As a year-end deadline looms, Republicans in the U.S. House of Representatives pushed ahead on Thursday with their own "fiscal cliff" plan that muddles negotiations with the White House to avoid steep tax increases and spending cuts.
*Gold recovers from lowest since Aug. 31 at $1,661/ oz. Spot gold was up 0.2 percent at $1,672.31 an ounce at 1131 GMT, while U.S. gold futures for February rose $2.90 an ounce to $1,673.70. Saxo Bank vice president Ole Hansen said he expects gold to retrace back to yesterday's technical breakout at $1,688 today. "
*Gold to range from $1,660- $1,678- technicals. Gold added $5.86 an ounce to $1,675.40 by 0247 GMT, after falling to it lowest since August at $1,661.01 in the previous session on technical selling. " I don't think any further buying will be sustainable, "said Lynette Tan, senior investment analyst at Phillip Futures in Singapore.
SINGAPORE, Dec 19- Gold regained strength on Wednesday as the U.S. dollar weakened against the euro, but the metal was still within sight of its weakest in nearly four months after signs of progress in the U.S. fiscal talks dented its safe haven appeal.