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Good morning a rebound on Wall Street.
Finally the Dow snapping a four -- losing streak gaining 26 points on Tuesday now today's focus is on the European central bank's response to the debt crisis in Europe but also here in the U -- we get a look at regional economic conditions across the nation.
The Congressional Budget Office is warning change the tax code.
Or US debt will explode.
The CBO says public debt would balloon to twice the size of the US economy 25 years if current tax cuts and spending policies are extended.
If those tax cuts expire as scheduled by the end of the year.
They CBO predicts that debt -- shrink dramatically from 73% of GDP to 53%.
The super rich are making less money the 400 tax filers at the top of the income scale hauled in an average 202 million dollars in 2009.
How is actually a 25% haircut from the year before.
This is according to the latest data from the IRS.
Well this Saturday I'll have another could be the first horse to take the Triple Crown in 34 years the -- runs at the Belmont Stakes in Long Island New York.
A potential strike by the tracks maintenance workers could put that -- in jeopardy.
The union workers have been working without a contract since February.
That's business more on the response from the ECB log -- foxbusiness.com.
In New York online -- --
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