Lawmakers Stand Firm On Taxes As Talks Start
The Associated Press reports: "Democrats and Republicans are working to reach a deal to extend Bush-era tax cuts that expire at the end of the year, but neither side is budging as negotiations begin in earnest. Even as they talk, House leaders are planning to hold a politically charged vote Thursday to extend middle-class tax cuts while letting taxes for the wealthy expire. The bill, even if it passes the House, stands no chance in the Senate. Nevertheless, Senate Majority Leader Harry Reid, D-Nev., said he is considering holding a similar vote."
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Obama's Day Ahead
President Obama and Vice President Biden will receive the economic daily briefing at 9:15 a.m. ET, and the presidential daily briefing at 10:15 a.m. ET. Obama will meet at 10:45 a.m. ET with senior advisers, and will meet at 12:45 p.m. ET with D.C. Mayor-elect Vince Gray.