While U Slept: Big 5 Stories Breaking Overnight. Friday, December 17, 2010

December 17, 2010

CONGRESS APPROVES MAJOR TAX BILL, EXTENDS BUSH TAX BREAKS Most significant tax bill in nearly a decade gets House approval at midnight, overcoming liberal resistance to continue tax breaks enacted under president George W. Bush. Bill also provides fresh boost of federal support to the tepid economic recovery. (WashPost)

NORTH KOREA THREATENS SOUTH WITH NUKES Amidst regional diplomatic efforts to ease tensions, North Korea warns that another war with South Korea would involve nuclear weapons. (AFP)
MOODY’S SLASHES IRELAND’S CREDIT RATING Ratings agency gives thumbs-down to Europe’s efforts to resolve rolling debt crisis, slashing Ireland’s credit rating five notches despite recent bailout. (Reuters)

DON’T ASK/DON’T TELL REPEAL GAINS SENATE MOMENTUM Effort to allow gay men and lesbians to serve openly in the military gets support from three key Republican Senators. Vote expected Saturday. (NYT)

LARRY KING SIGNS OFF FROM PRIME TIME Legendary interviewer ends 25-year run as CNN’s prime-time, talk-show host with star-studded lineup. Vows to continue on radio and TV specials. (CNN)


NOTE: Please follow the latest on the launch of our new global news site, Worldcrunch…also via: Facebook and Twitter. Thanks!



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