In The News...

This afternoon at 2:00pm ET the Federal Reserve will release its Beige Book, which is a gathering of "anecdotal information on current economic conditions" by each Federal Reserve Bank in their district.

President Obama is set to speak from Ohio today around 2:00pm ET and will focus on economic recovery and will push for tax cuts for small businesses that hire more employees.

The president will set forth 3 proposals: -$200 billion in tax breaks for businesses that invest in new plants and equipment -$100 billion extension of the business tax credit for research and development -$50 billion over the next decade to improve roads, rails and other infrastructure.

This morning House Republican leader John Boehner today called for a 2-year freeze on all current US rates. He also has calls for Congress to freeze government spending for next year at 2008 levels.

The Treasury will sell $21B 1-Year T Notes today with the results to be released at 1:00pm ET.

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