Will the Fed taper? That's the question for the holidays. Tech companies ask President Obama to quit spying on their customers. And a new drug approved by the FDA could send this stock soaring.
But first this morning's business headlines.
What's in store for a Fed taper? We may get some clues today, as three Federal Reserve officials are set to speak. These will be the last public statements from Fed members before the FOMC meeting next week – the 17th and 18th. And they'll come fresh from Friday's better than expected jobs report showing unemployment dropped to 7%.
After the government shutdown in October there is optimism in Washington that it won't happen again. At least not next month. The Wall Street Journal reports aides to Senate Budget Committee Chairman Patty Murray and House Budget Committee Chairman Paul Ryan worked over the weekend and the lawmakers plan to meet early this week. It's the last week of 2013 that the House and Senate are in Washington at the same time.
European shares rallied on Thursday after the Federal Reserve sugar-coated the decision to start winding down its …