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AP - House-Senate talks on renewing a payroll tax cut that delivers about $20 a week to the average worker yielded a tentative agreement Tuesday, with lawmakers hopeful of unveiling the pact Wednesday and sending the measure to President Barack Obama as early as this week.
Reuters - Lawmakers were close to a deal on Tuesday on legislation aimed at boosting the economy in the short term by extending a payroll tax cut for 160 million workers through this year and continuing long-term jobless benefits, congressional aides said.
Reuters - The Obama administration's corporate tax reform plan will end "dozens and dozens" of tax breaks, U.S. Treasury Secretary Timothy Geithner said on Tuesday as he defended the White House's election-year call for higher taxes on the wealthy.
AP - President Barack Obama will try to use his Wednesday visit to a Milwaukee padlock manufacturer to highlight an improving economy and showcase companies that are bringing jobs back to the U.S., even though the Wisconsin company's success isn't reflective of the state.
AP - The man destined to be China's next leader won an extraordinary welcome across Washington on Tuesday, a finely scripted opening to one of the world's most important relationships. Trading kind words of cooperation, President Barack Obama and Xi Jinping also spoke directly about human rights and worsening foreign crises.
AP - The dollar is at a three-month high against the Japanese yen after the Bank of Japan said it would increase its economic stimulus program. Traders also bought the dollar after euro zone finance ministers canceled a meeting to discuss giving Greece a second bailout.
Reuters - Britain's top-notch credit rating may survive the threat of a downgrade because economists still believe in London's resolve to erase a huge budget deficit and the central bank's ability to print money.
Reuters - There is a good chance the Federal Reserve will raise interest rates before the end of 2014, according to a Reuters poll which also showed a significant minority of economists still expect a further easing of monetary policy in coming months.
AP - The head of the Philadelphia Federal Reserve Bank warned Tuesday against efforts to accelerate the nation's economic recovery, citing the threat of inflation.
AP - Americans rebounded from a weak holiday season and stepped up spending on retail goods in January. The latest government report on retail sales pointed to a slowly improving economy.
Reuters - From new homes in slums to cash for struggling mothers, Venezuela's Hugo Chavez is unleashing a flood of state spending to try to tip the balance in what looks like the toughest presidential election of his political career.
Reuters - German analyst and investor sentiment leapt to its highest level in 10 months in February, reinforcing signs that Europe's largest economy is returning to growth as the rest of the euro zone faces a mild recession.
AP - A run of downbeat economic news Tuesday reinforced expectations that the 17-nation eurozone's economy shrank during the last three months of 2011 as the government debt crisis dragged on even the biggest and richest countries.
AP - Treasury Secretary Timothy Geithner told Congress Tuesday that the president's new $3.8 trillion spending plan would impose new taxes on only 2 percent of the nation's wealthiest families and the alternative would be to seek more painful cuts in other government programs such as defense, Social Security and Medicare.
Reuters - The Bank of Japan boosted its asset buying program by $130 billion on Tuesday and in the face of political pressure set an inflation goal of 1 percent, signaling a more aggressive monetary policy to pull an ailing economy out of deflation.
AP - Britain's inflation rate fell to 3.6 percent in the year to January from 4.2 percent the previous month, official figures showed Tuesday, to the likely relief of cash-strapped households which have seen muted pay increases more than eaten up by rising prices.
Reuters - The U.S. Federal Reserve should do all it can to reduce very high unemployment and bring inflation back up to more desirable levels, a top Fed official said on Monday.
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