YAHOO INC ANNOUNCES IT'S BUYING ONLINE BLOGGING SERVICE TUMBLR FOR $1.1 BIL **

DEAL WILL USE ABOUT ONE-FIFTH OF YAHOO'S $5.4 BIL IN CASH AND MARKETABLE **

YAHOO SAYS TUMBLR WILL BE INDEPENDENTLY OPERATED AS A SEPARATE BUSINESS **

WAVE OF ATTACKS ACROSS IRAQ LEAVES MORE THAN 85 DEAD **

ATTACKS ON MON OCCURRED IN MOSTLY SHIITE AND SUNNI AREAS **

LATEST ROUND OF VIOLENCE PUSHES THE DEATH TOLL OVER THE PAST WEEK TO MORE **

ASSOCIATED PRESS CHIEF GARY PRUITT CALLING ON PRES OBAMA TO "REIN IN" AN **

PRUITT CALLED THE ACTIONS "ABUSIVE" AND A VIOLATION OF FIRST AMENDMENT **

PRUITT SAYS THE AP HASN'T RULED OUT LEGAL ACTION AGAINST THE JUSTICE DEPT **

COMMENTS COME AFTER IT WAS REVEALED LAST WEEK THE OBAMA ADMIN HAD SECRETLY **

JUSTICE DEPT HAS NOT EXPLAINED WHY IT SOUGHT THE RECORDS **

SECY OF STATE JOHN KERRY VOWING BETTER SECURITY AT U.S. DIPLOMATIC POSTS **

KERRY SAYS HE'S FULLY COMMITTED TO IMPLEMENTING AND EXPANDING ON **

THAT ATTACK LEFT FOUR AMERICANS DEAD, INCLUDING AMB CHRIS STEVENS **

N KOREA FIRES TWO SHORT-RANGE PROJECTILES INTO WATERS OFF ITS EASTERN COAST **

IT'S THE SIXTH TEST LAUNCH BY PYONGYANG IN THREE DAYS **

N KOREA SAYS THE TESTS ARE AIMED AT INCREASING DETERRENCE AGAINST AN ENEMY **

LATEST TEST COMES AMID HEIGHTENED TENSIONS ON THE KOREAN PENINSULA AFTER N **

THE SPATE OF ATTACKS ARE ONE OF THE MOST SUSTAINED BOUTS OF SECTARIAN **

AIR FORCE SAYS IT WILL TEST LAUNCH AN INTERCONTINENTAL BALLISTIC MISSILE ON **

THE UNARMED MINUTEMAN 3 MISSILE WILL BLAST OFF FROM VANDENBERG AIR FORCE **

Latest on the fiscal cliff – close????? what do you think about this?

FROM A SOURCE ON THE GOP SIDE, PER FOX BUSINESS RICH EDSON:

 

Speaker Boehner and President Obama are getting close, but significant issues remain. The two sides are now working on some of the finer details.

 

The sides are roughly agreeing to:

 

- $1t in spending cuts – the tax increases would involve higher rates (the income level is still outstanding) and a tax reform process next year that would eliminate or curb deductions/preferences.

- $1t in revenue – Congress would also assemble many of the specific spending cuts next year.

- Potential debt ceiling increase that would allow the federal government to borrow for about one more year.

- Chained CPI to slow the growth of Social Security payments.

- Tax extenders/unemployment insurance

 

 









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