The Federal Reserve announced Wednesday it would begin rolling back its stimulus for the economy, cutting the amount of bonds it purchases every month by $10 billion.
On The Money
Democrats are expected to ask the Senate to continue 55 tax breaks by unanimous consent.
Fed tapering begins as central bank says it will cut monthly bond purchases by $10B.
“This technical error can, will and should be addressed," the senator said.
His new reform draft replaces 42 tax breaks with two credits that prioritize clean energy.
Home building hit a five-year high in November as the housing market recovery picks up pace heading into next year.
Construction on single-family and apartment homes rose 22.7 percent to a seasonally adjusted rate of 1.09 million, well above October's 889,000 pace and the best showing since February 2008, the Commerce Department reported Wednesday.
A majority in new poll is hearing a mix of good and bad economic news.
"We strongly support it," senior White House adviser Valerie Jarrett said.
The budget deal is expected to pass the Senate with bipartisan support later Wednesday.
Almost 1,200 vendors have an unpaid tax liability, and only 50 have a plan to pay the government back.