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Obama OKs modest tax changes after seeking ideas (AP)
[10 mins][Kansas]
President-elect Barack Obama speaks about the economy, Thursday, Jan. 8, 2009, at George Mason University in Fairfax, Va. (AP Photo/Charles Dharapak)AP - Pushed by fellow Democrats, President-elect Barack Obama agreed to modest changes in his proposed tax cuts on Friday after inviting lawmakers to "just show me" ideas for fixing an economy shedding jobs at an alarming rate. Democratic congressional officials said that Obama aides came under pressure in closed-door talks to jettison or significantly alter a proposed tax credit for creating jobs.
Citi, Morgan Stanley in brokerage talks (Reuters)
[34 mins]
Former Treasury Secretary Robert Rubin participates in a panel discussion about Poverty Alleviation at the Clinton Global Initiative, in New York, September 20, 2006. (Chip East/Reuters)Reuters - Citigroup Inc is in advanced talks to sell its Smith Barney brokerage unit to Morgan Stanley, a person familiar with the matter said on Friday, in a move that would further dismantle the financial supermarket that has been bailed out by the U.S. government.
Related stories:
Citi in talks to merge brokerage with Morgan Stanley
Citi, Morgan Stanley in brokerage talks
~5 grouped stories

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