  | | | | WASHINGTON (Reuters) - The budget deficit rose in October, the first month of fiscal year 2013, as looming negotiations over expiring tax cuts and imminent spending reductions dominated the post-election political landscape. | | | | | --Clyde Russell is a Reuters market analyst. The views expressed are his own.-- | | | |  | | | | WASHINGTON (Reuters) - The chief Democratic tax-writer in the U.S. Senate said on Tuesday that to steer clear of the fiscal cliff, the top rates paid by the richest Americans must rise in any deal between Congress and the White House, but he suggested there is some flexibility in ways to strike a deal. | | | | | | WASHINGTON (Reuters) - Some 28 million Americans including some in the middle class would face an unintended tax hike if a U.S. tax aimed at ensuring the wealthy pay a minimum isn't fixed before the end of the year, the U.S. tax commissioner said on Tuesday. | | | | | | CHICAGO (Reuters) - Medicare processed 906 billion outpatient insurance claims in 2010 - and refused to pay 10 percent of them. But if you're a senior on Medicare with a denied claim, your odds of turning that around are surprisingly good if you appeal. | | | | | | WASHINGTON (Reuters) - The financial risk council rolled out a framework of new rules for the $2.5 trillion money market fund industry on Tuesday, saying current regulations are not enough to prevent runs in a time of crisis. | | | |  | | | | (Reuters) - Japan is shrinking again and its government thinks the answer lies in more of the same policy the Bank of Japan has been unsuccessfully implementing for 17 years. | | | | | | (Reuters) - Money manager Legg Mason Inc, which has eight main investment subsidiaries, is reviewing its business strategy and is "prepared to modify it as appropriate," Chief Financial Officer Pete Nachtwey said on Tuesday. | | | | | NEW YORK (Reuters) - Two former hedge fund managers reaped a total of $70.8 million in illegal profits by tapping a "corrupt network" of Wall Street analysts, a U.S. prosecutor said at the start of an insider trading trial on Tuesday. | | | | | | (Reuters) - Most of the fees U.S. money manager AllianceBernstein L.P. lost from a sharp reduction in large-cap stock assets since the financial crisis have been replaced, top executives at the company said on Tuesday. | | | | |  |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | |  | |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | | | | | » MORE NEWSLETTERS | |
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