While optimists may hang on to the small morsels of agreement between Senator Baucus and Representative Camp's tax reform proposals, in general the dueling plans are opposites, making bipartisan cooperation on the issue seem unlikely.
Bankruptcy of the commodities trading firm may include some $1.2 million missing from customers accounts. Farmers, ranchers, and agricultural businesses were cut off from the cash in their accounts when MF Global sought bankruptcy protection in October.
Bush tax cuts: A tussle between Republicans and Democrats over the future of the Bush tax cuts played a large role in scuttling the congressional super committee's attempt to reach an agreement on reducing the budget deficit.
Republicans and Democrats remain far apart on how much tax hikes should contribute to deficit reduction. The deadline for the super committee to reach a deal is next Wednesday.
To help the deficit 'super committee' reach a deal, some Republicans appear to be open to the idea of ending some tax breaks, despite opposition from antitax crusaders.
A bipartisan group of 100 House members will call for the deficit 'super committee' to make massive deficit cuts – even if it means entitlement or tax reform. The strong backing could be key.