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U.S. tax chief warns of glitches if AMT fix delayed

WASHINGTON (Reuters) – The U.S. tax chief told lawmakers on Wednesday the Internal Revenue Service needs clarity on the fate of the alternative minimum tax, which could ensnare 21 million…

Deficit panel recalibrates, seeks more support

WASHINGTON (Reuters) – A presidential panel on balancing the U.S. budget on Wednesday revised its fiscal austerity plan with deeper spending cuts and a more flexible tax code overhaul, hoping…

FTC proposes ‘do not track’ tool

The registry would allow consumers to prevent sites from tracking and using their browsing habits. Read more……

Rangel lobbies ahead of censure vote

At this point, there doesn’t seem to be a major movement to spare Rangel from censure. Read more……

Berlusconi in focus on Clinton’s WikiLeaks tour

ASTANA (Reuters) – Secretary of State Hillary Clinton has done a lot of explaining to foreign leaders after the embarrassing Wikileaks release of U.S. embassy cables — but few needed…

U.S. says sanctions cost Iran investment, banking access

WASHINGTON (Reuters) – Iran is finding it increasingly difficult to access the financial services it needs to run its economy and may lose up to $60 billion in energy investments…

Cheney wades into RNC race

The former Vice President will hold a fundraiser for Maria Cino, who is running to replace Michael Steele. Read more……

Deficit commission split on plan

The divided panel is still at a stalemate. Read more……

U.S. and South Korea push for auto, beef deal to save pact

WASHINGTON (Reuters) – Top U.S. and South Korean trade officials planned a second days of talks on Wednesday aimed at resolving auto and beef trade issues that have blocked congressional…

Citi near hiring ex-White House budget chief: report

NEW YORK (Reuters) – Citigroup Inc is in advanced talks to hire former U.S. budget director Peter Orszag in its investment banking unit, Bloomberg reported Tuesday night, citing people with…