Congress finds consensus on payroll tax reduction

Note: This section contains information in English only.
Source: Reuters
After struggling for several months Congress is ready to approve payroll tax reduction. Lawmakers agreed to extend payroll tax of 4.2% for two months. Obama praised the decision, emphasizing tax cut extension is crucial for US economy. Obama predicts every employed American to save around $1000 a year due to tax cut.
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Fri, 23 Dec 2011 11:04:35 GMT

Canadian Dollar climbs as US data signals recovery

Canadian currency appreciated reaching 2-week record high as US economic data indicated that Canada's most significant trading partner is making progress. Consumer confidence and jobless claims showed better than expected figures. Loonie gained 0.6% to C$1.0203 per US Dollar Toronto evening trade. Currently USD/CAD is trading at 1.0200.

Fri, 23 Dec 2011 11:02:27 GMT

Moody's lowers Slovenia's rating

Moody's Investors Service cut Slovenia's sovereign credit rating as government had to intervene to support banking system amid region's debt turmoil. Moody's lowered Slovenia's rating by one level to A1. The country was downgraded by Moody's for the second time in last quarter. Standard & Poor's ranks Slovenia one level up at AA-. 

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