U.S. Top News Early Edition: Democrats question Obama's tax deal

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Good Morning Aron, WED 08 Dec 2010    Democrats question Obama's tax deal Australia blames U.S. for leaks, Assange in UK jail WikiLeaks supporters attack MasterCard site: sources U.S. fiscal health worse than Europe's: China adviser U.S. sends more subpoenas in insider trading probe Euro zone jitters spread to German bonds Elizabeth Edwards dies U.S. urges strong trilateral alliance with Seoul, Tokyo Peace process in crisis; Palestinians doubt U.S. Middle class falls short on retirement funds China steps up Nobel crackdown Islamists blamed for India bombing Tension high as N.Korea holds drill Democrats question Obama's tax deal December 08, 2010 09:20 AM ET WASHINGTON (Reuters) - President Barack Obama's plan to extend tax cuts for all Americans ran into trouble on Tuesday when his fellow Democrats questioned it and investors dumped U.S. Treasury bonds on fear that low taxes will dig a deeper hole in the budget deficit. Full Article Australia blames U.S. for leaks, Assange in UK jail December 08, 2010 08:19 AM ET BRISBANE, Australia/LONDON (Reuters) - Australia blamed the United States on Wednesday for the release by WikiLeaks of U.S. diplomatic cables and said its Australian founder Julian Assange should not be held responsible. Full Article WikiLeaks supporters attack MasterCard site: sources December 08, 2010 08:12 AM ET LONDON (Reuters) - Hackers have crashed the website of credit card firm MasterCard in apparent retaliation for its blocking of donations to the Wikileaks website, the BBC and other media reported on Wednesday. Full Article U.S. fiscal health worse than Europe's: China adviser December 08, 2010 06:40 AM ET BEIJING (Reuters) - The U.S. dollar will be a safe investment for the next six to 12 months because global markets are focused on the euro zone's troubles but America's fiscal health is worse than Europe's, an adviser to the Chinese central bank said on Wednesday. Full Article U.S. sends more subpoenas in insider trading probe December 08, 2010 09:09 AM ET NEW YORK (Reuters) - Federal authorities have expanded an investigation into insider trading on Wall Street, bringing to more than one dozen the number of subpoenas sent to hedge funds and other investment firms over the past two weeks, people familiar with the inquiry said. Full Article Euro zone jitters spread to German bonds December 08, 2010 08:08 AM ET LONDON/PARIS (Reuters) - Yields on German government bonds, normally seen as a safe haven by investors, rose on Wednesday as deepening uncertainty over how to stem the euro zone's debt crisis hit even Europe's strongest economy. Full Article Elizabeth Edwards dies December 07, 2010 07:21 PM ET CHAPEL HILL, North Carolina (Reuters) - Elizabeth Edwards, abest-selling author and a driving force behind her husband John Edwards' political career before it was destroyed by his infidelity, died on Tuesday at age 61. Full Article U.S. urges strong trilateral alliance with Seoul, Tokyo December 08, 2010 07:22 AM ET SEOUL (Reuters) - The top U.S. military official said Tokyo, Seoul and Washington must build an even stronger alliance in the face of North Korean aggression, while calling on Beijing to show leadership by reining in its ally Pyongyang. Full Article Peace process in crisis; Palestinians doubt U.S. December 08, 2010 09:07 AM ET RAMALLAH, West Bank (Reuters) - The Palestinians on Wednesday said "Israeli obstinacy" made Washington give up on efforts to freeze Jewish settlement and questioned whether the United States could ever help them attain independence. Full Article Middle class falls short on retirement funds December 08, 2010 08:50 AM ET NEW YORK (Reuters) - The average American has saved less than 7 percent of his desired retirement nest egg and will likely have to keep working in retirement to supplement his income. Full Article

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