The Delaware Gazette

Dems drop millionaires tax in year-end dispute

WASHINGTON — Democ­rats backed away from their demand for higher taxes on mil­lion­aires as part of leg­is­la­tion to extend Social Secu­rity tax cuts for most Amer­i­cans on Wednes­day as Con­gress strug­gled to clear crit­i­cal year-end bills with­out trig­ger­ing a par­tial gov­ern­ment shutdown.

Senate bill would hit China over undervalued money

WASHINGTON — The Sen­ate weighed on Mon­day whether to pun­ish China for under­valu­ing its cur­rency and tak­ing away Amer­i­can jobs. At issue is whether leg­is­la­tion would boost the Amer­i­can econ­omy, as its sup­port­ers argue, or ini­ti­ate a dam­ag­ing trade war with a major partner.

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