Marketplace Morning Report for Tuesday, December 18, 2012
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Forget the fiscal cliff, the European debt crisis and the slowdown in China. Carmakers are on track for a record year, led by sales right here in the U.S. There are reports that a deal is close between Google and the Federal Trade Commission. The settlement would end a two-year investigation into whether Google unfairly uses its dominance of search to steer customers to other Google businesses. Plus, why it turns out one of the big challenges when making the world's biggest skyscrapers is the elevator.
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For fiscal cliff tax hikes, just how rich is 'rich'? Officials are wrangling with a particular type of home business in the home of country music and news this morning that you can probably get a Big Mac on Christmas Day if you want to, but be sure to spare a kind word for the person behind the counter.
Posted In: fiscal cliff, Taxes, Rich
President Obama made a new offer to the Republicans yesterday in the fiscal cliff negotiations. The President said he’ll extend Bush era tax cuts for households making less than $400,000, he’d previously drawn the line at $250,000.