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I'm Christie is Scotty in new York and this is a look at the week I had in business the so called fiscal cliff is getting closer to -- ads.
With President Obama and congressional leaders still struggling to strike a deal.
-- that I'm able to agree among the measures set to expire at midnight on December 31.
-- temporary payroll tax cuts which will result in at 2% tax increase for workers the end of certain tax breaks for businesses.
Cut in over a thousand government programs including the defense budget and Medicare.
And a roll back of the bush tax cuts.
While the prime focus will be on whether congress and the president will be able to get a deal on the table.
Our other business reports a look for next week Friday the monthly jobs report comes out.
Last month the US economy added a 146000.
And the unemployment rate dipped to seven point 7%.
The lowest level since Lehman Brothers went bankrupt in 2000 -- Also next week the -- them monthly manufacturing indexes reported on Wednesday.
This gives insight into whether the manufacturing sector expanded or contracted.
In the month of December.
And it's usually a market -- yeah ISM non manufacturing index is out on Friday this gives an overview of how the services industry perform this month.
And the Federal Reserve releases minutes from its December meeting on Thursday -- Also you know the markets are up close on Tuesday in observance of New Year's Day.
I'm -- is Gotti for Fox Business in New York have a safe and happy new year.
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