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Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year. Full Article | Instant View
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Potential U.S. fiscal cliff deal emerges in Senate - sources
WASHINGTON, Dec 31 - U.S. Senate Republicans on Monday appeared to be coalescing around a potential solution to the "fiscal cliff" crisis with a plan that would continue expiring tax cuts for household incomes of up to $450,000, congressional sources said on Monday.
"I think a majority of our caucus will go along with it," a senior Senate Republican aide told Reuters.
Senate Democrats had not yet expressed positions on the emerging deal.
(Reporting by Thomas Ferraro, Richard Cowan and Kim Dixon; Editing by Will Dunham)
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