Just one Senate Democrat opposed the party’s majority on the estate tax, a medical-device tax, a possible carbon tax, online sales taxes and the revenue-raising budget plan. He’s the senator in charge of tax policy: Max Baucus of Montana.
New Zealand’s central bank Governor Graeme Wheeler is considering Chinese-style lending restrictions to curb a housing boom as weak economic growth and a surging currency rule out economy-wide interest rate rises.
Century-old water pipes backed up in a storm in Washington D.C.’s Bloomingdale section, sending water and sewage cascading into basements. When it happened twice more in nine days last summer, a torrent of complaints flowed.
Apache Corp. and Woodside Petroleum Ltd. halted oil fields off Western Australia because of a tropical low system forecast to become a cyclone. Inbound iron ore shipments to Port Hedland are also suspended.
Max Baucus, declaring himself “unconstrained” by electoral politics for the first time since coming to Congress in 1975, placed a 20-month clock on his efforts to push a tax-code rewrite through the U.S. Senate.