Marketplace Morning Report for Wednesday, December 12, 2012
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There are now less than three weeks left until the fiscal cliff deadline. One option now being talked about as part of a package to avoid the fiscal cliff is an overhaul of corporate tax rates. A report out today from the conservative American Enterprise Institute says government-backed mortgages from the Federal Housing Administration may be too easy to get. And you certainly don't want to go to a website that puts all your financial accounts in one place and makes charts and graphs out of your money. But of course more and more Americans are joining sites that do just that.
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What's next for right-to-work: We'll look ahead after the big vote in Michigan, talk about the economics of the North Korean missile launch, and talk with the author of Encyclopedia Paranoica -- a big fat book of all the horrible threats under which we somehow continue to live our lives.
Posted In: Federal Reserve
It's the second and final day of the regular policy meeting at the Federal Reserve. Later today we'll hear what, if any, additional monetary stimulus the Fed Board might endorse as the latest round of quantitative easing is set to expire.
Posted In: North Korea, sanctions, United Nations
North Korea defies international sanctions to launch a rocket. Japan has called for an emergency meeting of the UN Security Council, which could take place later today.
Posted In: Internet, Personal Finance
The holiday season might be a time of year when you don't even want to look at your personal finances because money is going out the door right and left. You certainly don't want to go to a website that puts all your financial accounts in one place and makes charts and graphs out of your money - or do you?
Posted In: fiscal cliff, corporate tax, Washington D.C.
President Obama and House speaker John Boehner are still tussling over the details of any fiscal cliff deal. But the Wall Street Journal reports that, now corporate tax rates have entered the discussion.