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American companies have launched a campaign against the new law that ends tax incentives to those firms which create jobs overseas.
The Technology CEO Council, a Washington-based advocacy group of US American tech-companies, on Tuesday released a report which revealed that the policy to end "tax breaks" announced by Obama would result in a job loss of as many as 2.2 million Americans.
Source: Indian Express Link Below

The Obama administration is backing away from seeking a major reduction in the number of agencies overseeing financial markets.
The administration, for example, is unlikely to call for merging the Commodity Futures Trading Commission and the Securities and Exchange Commission, an idea it had considered, these people say. It also isn't expected to call for the Federal Reserve, Federal Deposit Insurance Corp. or the Office of the Comptroller of the Currency to cede their primary authority to supervise banks, they say.
Source: The Wall Street Journal Link Below

President Obama is expected on Thursday to begin laying the groundwork for sweeping immigration legislation.
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