U.S. Top News Early Edition: Revised deficit panel plan seeks deeper cuts

If you are having trouble viewing this email or would like to view it in your web browser, CLICK HERE

Good Morning Aron, WED 01 Dec 2010    Revised deficit panel plan seeks deeper cuts ECB talk lifts battered euro as crisis worries spread UK agreed to shield U.S. interests in Iraq probe: WiKiLeaks South Korea spy chief says more attacks likely Iran talks must focus on nuclear issue: Clinton Special report: How BP's oil spill costs could double Obama and Republicans agree to negotiate on taxes Output climbs led by Asia, despite euro crisis Russia's Putin warns West over missile defense: report BofA may be next WikiLeaks target Revised deficit panel plan seeks deeper cuts December 01, 2010 09:15 AM ET WASHINGTON (Reuters) - A revised plan to balance the U.S. budget from a presidential commission seeks deeper spending cuts than an earlier draft and proposes a more modest tax code overhaul, a source told Reuters on Wednesday. Full Article ECB talk lifts battered euro as crisis worries spread December 01, 2010 08:01 AM ET MADRID/ROME (Reuters) - The euro rose and borrowing costs for crisis-hit euro zone countries fell on Wednesday amid speculation the ECB could take decisive steps to combat turmoil that has stoked contagion worries in the United States and Asia. Full Article UK agreed to shield U.S. interests in Iraq probe: WiKiLeaks December 01, 2010 07:38 AM ET LONDON (Reuters) - Britain's government gave secret assurances to Washington it would limit the scope of an inquiry into the Iraq war to protect U.S. interests, according to diplomatic messages leaked by a whistle-blowing website. Full Article South Korea spy chief says more attacks likely December 01, 2010 07:15 AM ET SEOUL (Reuters) - North Korea is highly likely to attack South Korea again, the South's spy chief said on Wednesday, as a flotilla of American warships led by an aircraft carrier left South Korean waters after a deadly attack. Full Article Iran talks must focus on nuclear issue: Clinton December 01, 2010 08:07 AM ET ASTANA (Reuters) - U.S. Secretary of State Hillary Clinton on Wednesday said the United States welcomed Iran's decision to join talks in Geneva, which she said should focus "first and foremost" on Tehran's nuclear program. Full Article Special report: How BP's oil spill costs could double December 01, 2010 08:28 AM ET LONDON (Reuters) - Last month, BP increased by $8 billion the financial provisions it was taking for the Gulf of Mexico oil spill; the company's shares rose. Better-than- expected underlying profits and upbeat comments from new Chief Executive Bob Dudley were taken by the market as a sign the company had turned the corner and would soon return to pumping out steadily rising dividends. Full Article Obama and Republicans agree to negotiate on taxes November 30, 2010 11:09 PM ET WASHINGTON (Reuters) - President Barack Obama and Republican leaders sought to break a "logjam" over the fate of Bush-era tax cuts on Tuesday, forming a new panel the White House hopes will reach a compromise within days. Full Article Output climbs led by Asia, despite euro crisis December 01, 2010 08:08 AM ET LONDON/BEIJING (Reuters) - Manufacturers in China and India cranked up the pace of production last month and Germany and France led the way in Europe, offering a boost to the global economy in spite of a spreading euro zone debt crisis. Full Article Russia's Putin warns West over missile defense: report December 01, 2010 08:38 AM ET MOSCOW (Reuters) - Prime Minister Vladimir Putin told CNN television that Russia would deploy nuclear weapons and "strike forces" if it were shut out of a Western missile shield, adding punch to a warning from President Dmitry Medvedev. Full Article BofA may be next WikiLeaks target December 01, 2010 06:04 AM ET CHARLOTTE, North Carolina (Reuters) - Bank of America Corp's shares declined 3 percent on Tuesday amid investor fears the largest U.S. bank by assets may be at the center of WikiLeaks next document release. Full Article

REUTERS www.reuters.com Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book.Details Subscribe to other Reuters newsletters Unsubscribe from this newsletter. Send this mailing to a friend or colleague Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Interactive TV | Labs | Reuters in Second Life | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers