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Student Loan Rate Compromise Fails Due to Price Tag
Friday, July 12, 2013 - 1:57pm | 501Democrats in the Senate would like the rate on subsidized Stafford student loans to be set in concrete at 3.4 percent. Republicans favor tying the interest rate to the 10-year Treasury rate. From those respective starting positions, both sides have worked to find compromise. And they almost did....
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Brent Hangs on 11th Hour Fiscal Cliff Decision
Monday, December 31, 2012 - 8:32am | 309Brent crude oil traded above $110 on Monday morning as investors waited to hear about a fiscal cliff deal in the U.S. The commodity traded at $110.39 just hours before the US was set to fall over the fiscal cliff. U.S. lawmakers have been negotiating all weekend to come to an agreement about the...
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'Twas the Zing before Christmas
Monday, December 24, 2012 - 9:13am | 256'Twas the day before Christmas, and all across the Earth, The investors were stirring, to see what markets were worth. The trades were placed by the brokers with care, In hopes their money wouldn't disappear into thin air. The Americans were worried, some filled with dread, As visions of...
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Euro Declines as U.S. Fiscal Cliff Approaches
Friday, December 21, 2012 - 8:31am | 251The euro lost momentum on Friday morning, trading at 1.310. The common currency was under pressure as U.S. fiscal cliff talks turned sour. After a few days of cordial negotiations, democratic and republican lawmakers remained at odds regarding taxation of America's wealthiest citizens. If the two...
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Benzinga Market Primer, Friday, December 21: Quadruple Witching and End of the World Edition
Friday, December 21, 2012 - 7:27am | 800Futures Sharply Lower on Failed Fiscal Cliff Deal U.S. equity futures traded sharply lower overnight as House leader Boehner failed to gain enough votes to pass his Plan B to avoid the Fiscal Cliff. It is now unlikely that an agreement will be reached before Christmas, meaning leaders will have...
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Brent Slips as Fiscal Cliff Talks Become Tense
Thursday, December 20, 2012 - 8:34am | 271Brent crude oil slipped a bit on Thursday morning after U.S. fiscal cliff talks soured on Wednesday. The commodity traded at $109.99 after President Obama threatened to veto Republican Speaker of the House John Boehner's latest budget proposal. U.S. lawmakers were making progress at compromising...
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Brent Nears $109 as Market Sentiment Improves
Wednesday, December 19, 2012 - 8:21am | 257Brent crude oil continued to climb on Wednesday morning, trading at $108.92. Prices were lifted as U.S. lawmakers furthered their negotiation of the 2013 budget and worked to avert the upcoming ‘fiscal cliff'. Markets were lifted as news on Tuesday reported that that President Obama and Speaker of...
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Benzinga Market Primer, Tuesday, December 18
Tuesday, December 18, 2012 - 7:53am | 424Futures Higher on Fiscal Cliff Deal Hopes U.S. equity futures were up slightly in early pre-market trading as politicians continue to work towards a deal in resolving the Fiscal Cliff. Monday evening, House Speaker John Boehner called President Obama's new proposal better, but still not completely...
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Benzinga Market Primer, Monday, December 17
Monday, December 17, 2012 - 7:14am | 733Futures Flat on Fiscal Cliff Deal Hopes U.S. equity futures were flat in early pre-market trading as politicians continue to work towards a deal in resolving the Fiscal Cliff. Over the weekend, House Majority Leader Boehner reportedly proposed a bill that included tax hikes for the rich. However,...
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A Look Ahead: This Week's ETFs to Watch
Monday, December 17, 2012 - 7:03am | 698Welcome back to Wall Street run by Capitol Hill. For traders and investors that are often frustrated by the intersection of Capitol Hill and Wall Street, the last two weeks of 2012 could offer up frustration in heaping doses. Traditionally, this is a sluggish time of the year, but with the fiscal...
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Brent Expected to Average $110 in 2013
Friday, December 14, 2012 - 8:19am | 292Brent crude oil remains under pressure as the US ‘fiscal cliff' talks continue to create uncertainty in the market. The commodity slipped under $109 on Friday morning, trading at 108.37. The slide was mostly caused by Republican Speaker of the House John Boehner's harsh comments about his ongoing...
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Brent Holds at $107, Demand Outlook Remains Uncertain
Tuesday, December 11, 2012 - 8:16am | 288Brent crude oil remained steadily near $107 on Tuesday, after Monday brought about mixed news that balanced prices, trading at $107.26. The commodity touched $108 on Monday after the world's second largest oil consumer, China, released data showing its oil imports increased in November. The news...
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Tellabs and St. Jude Join List of Companies Issuing Special Dividends as End of Year Nears
Friday, November 30, 2012 - 12:22pm | 419Tellabs Inc. (Nasdaq: TLAB) and St. Jude Medical Inc. (NYSE: STJ) are the latest companies to announce that they will be repurchasing shares of outstanding stock before the end of the year. On November 20, Tellabs' Board of Directors announced that the company would be repurchasing up to 22.5...
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House Republicans Can't Wait to Raise Payroll Taxes
Thursday, December 8, 2011 - 5:18pm | 677I remember years ago, when I used to be a die-hard Republican. I'd see some news story about how Republicans were going to "stick it" to the Democrats over this issue or that issue, and I would love it. I'd get all warm and fuzzy inside, the way Christians must feel when they drive by a homeless...
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Construction Stocks Mixed Ahead of Transpo Bill Intro
Thursday, November 17, 2011 - 2:24pm | 235House Speaker John Boehner (R-Ohio) plans to introduce a five-year highway and transportation bill that matches funding proposed by Senate Democrates in a similar version of the legislation. Transportation spending is often used by politicians from both parties to jolt job creation and with shoddy...