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Monday, November 26, 2012

U.S. Top News: Consumers to spend less if middle-class taxes rise: White House

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11/26/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Consumers to spend less if middle-class taxes rise: White House
WASHINGTON (Reuters) - A White House report says that if that Congress allows taxes to go up on middle-class families, consumers will spend $200 billion less in 2013.
Black Friday online sales top $1 billion for first time: comScore
SAN FRANCISCO (Reuters) - Black Friday retail sales online this year topped $1 billion for the first time ever as more consumers used the Internet do their early holiday shopping, comScore Inc said on Sunday.
McCain says U.N.'s Rice could change his mind over Benghazi
WASHINGTON (Reuters) - Senator John McCain, a vocal opponent of Susan Rice's possible nomination as Secretary of State, said on Sunday that the U.N. ambassador could change his mind after she explained her statements on the attack on the U.S. mission in Benghazi.
"Fiscal cliff" talks stalled but progress possible
WASHINGTON (Reuters) - U.S. lawmakers have made little progress in the past 10 days toward a compromise to avoid the harsh tax increases and government spending cuts scheduled for January 1, a senior Democratic senator said on Sunday.
Suspected Walmart thief dies after altercation with employees
(Reuters) - A suspected shoplifter died in Georgia on Sunday after a confrontation with two Walmart employees and a contract security guard who caught him in the store's parking lot, local media reported.
Springfield, Massachusetts, blast blamed on gas company worker
(Reuters) - A utility worker who punctured a natural gas line caused an explosion in a Massachusetts city last week that injured 18 people, a city hall spokesman said on Sunday.
Analysis: Fiscal battles could sideline U.S. immigration reform
WASHINGTON (Reuters) - President Barack Obama's re-election this month gave supporters of comprehensive immigration reform an immediate dose of optimism.
International arbitration for tax disputes, "baseball" style
WASHINGTON (Reuters) - The United States remains undefeated in the nearly two years since it began settling corporate tax disputes with Canada through a winner-takes-all process popularly known as "baseball arbitration."
Lack of winner ups Powerball payout to record $425 million
WASHINGTON (Reuters) - The top prize in the Powerball lottery will reach a record $425 million after no one won Saturday's drawing, a lottery official said on Sunday.
Florida woman arrested for riding an endangered manatee
(Reuters) - A Florida woman photographed two months ago riding an endangered manatee in violation of state law was arrested on Saturday on misdemeanor charges, authorities said.
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