Obama announces debt plan built on taxes on rich

[AP] – In a blunt rejoinder to congressional Republicans, President Barack Obama called for $1.5 trillion in new taxes Monday, part of a total 10-year deficit reduction package totaling more than $3 trillion.

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Fed asks BofA to list contingency plan: report

[Reuters] – The Federal Reserve has asked Bank of America Corp to show what measures it could take if business conditions worsen, the Wall Street Journal said, citing people familiar with the situation.
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New Jersey fossil dig endangered by development plan

[Reuters] – Paleontologist Kenneth Lacovara is looking deep in a New Jersey silt mine for the exact moment, 65 million years ago, when all dinosaurs perished.
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Obama pitches plan to promote high-tech innovation

[AP] – President Barack Obama says technological innovations can help create jobs and spur growth in clean energy and advanced manufacturing.
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Berkshire doesn’t plan big changes after scandal

[AP] – Berkshire Hathaway CEO Warren Buffett says he doesn’t think his reputation has been hurt much by a former top executive’s questionable investment in Lubrizol shortly before Berkshire announced plans to buy the chemical company.
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Group of 6 senators hones plan to cut US deficits

[AP] – A bipartisan group of six senators is closing in on what could represent the best chance for tackling a deficit crisis that has forced the government to borrow more than 40 cents of every dollar it spends.
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In blow for BofA, Fed rejects its dividend plan

[AP] – It was one more blow for Bank of America: the Federal Reserve didn’t allow nation’s largest bank to increase its dividends.
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