The Note’s Must Reads for Tuesday, December 7, 2010

Dec 7, 2010 3:08am

Compiled by ABC News Digital News Associates and Desk Assistants JACQUELINE NG FERNANDEZ, CLAUDIA MORALES AND MELISSA NOEL

ECONOMY/TAXES
The Hill’s Peter Schroder: “Financial experts fear transparency push could undermine the Federal Reserve” Some financial experts fear that increased transparency at the central bank could ultimately do more harm than good. LINK

Politico’s Manu Raju: “Study: 39,294 earmarks sought in 1 year”  Members of Congress requested almost 40,000 earmarks that exceeded $100 billion directed to their home districts and states for the current fiscal year, according to a first-of-its-kind analysis to be released Tuesday. LINK

The Hill’s   Alexander Bolton: “Obama sends Biden to Capitol Hill to sell tax deal to angry Dems” Vice President Biden will go to Capitol Hill Tuesday to sell Democrats on the tentative deal President Obama struck with congressional Republicans to extend the Bush tax cuts for two years.  LINK

The Los Angeles Times’ Lisa Mascaro and Christi Parsons “Obama outlines tax cut deal that extends jobless aid” Over the objections of many in his own party, President Obama on Monday announced a deal with Republicans to extend the Bush-era tax cuts for all taxpayers, keep jobless benefits flowing for 13 months and continue a series of tax breaks for the middle class. LINK

Politico’s Carrie Budoff Brown: “Obama, GOP reach deal to extend tax cuts” President Barack Obama announced an agreement with congressional Republicans Monday night to extend the Bush-era tax cuts to all Americans for two years — including wealthier families — but it still faced serious opposition from many in the Democratic Party.  LINK

The Wall Street Journal’s Jonathan Weisman, John D. McKinnon and Janet Hook: “Deal Struck on Tax Package” President Barack Obama reached agreement Monday with Republican leaders in Congress on a broad tax package that would extend the Bush-era income tax cuts for two years, reduce worker payroll taxes for one year and give more favorable treatment to business investments. LINK

PRESIDENT OBAMA:
Bloomberg’s Ryan J. Donmoyer and Mike Dorning: “Obama Agrees to Two-Year Extension for Bush's Tax Cuts” President Barack Obama said he would agree to sustain Bush-era tax cuts for high-income taxpayers in exchange for extending federal unemployment insurance and cutting the payroll tax by $120 billion for one year. LINK

The Boston Globe’s Matt Viser: “Obama and GOP make deal on taxes President Obama struck a tentative deal with congressional Republicans yesterday to extend all of the Bush-era tax cuts in exchange for an extension of unemployment benefits, a move the president said would avoid a damaging stalemate but which infuriated liberal Democrats and left unclear whether the plan could be passed by Congress. LINK

The New York Times’ David M. Herszenhorn and Jackie Calmes: “Tax Deal Suggests New Path for ObamaPresident Obama announced a tentative deal with Congressional Republicans on Monday to extend the Bush-era tax cuts at all income levels for two years as part of a package that would also keep benefits flowing to the long-term unemployed, cut payroll taxes for all workers for a year and take other steps to bolster the economy. LINK

The Washington Posts’ Scott Wilson: “Obama’s tax cut extension part of strategy to show bipartisanship” Although his liberal supporters are furious about the decision, President Obama's willingness to extend all of the George W. Bush-era tax cuts is part of what White House officials say is a deliberate strategy: to demonstrate his ability to compromise with Republicans and portray the president as the last reasonable man in a sharply partisan Washington. LINK

WIKILEAKS:
ABC News’ Jim Sciutto:  “British Police Vow to Arrest Julian Assange As Soon As Possible” Wikileaker Warns 'Doomsday Files' Will Be Opened if He is Detained. LINK

The Washington Times’ Ben Birnbuam: “New WikiLeaks disclosures tell of Iran's hand in the politics of IraqIran continues to dominate WikiLeaks disclosures, with new releases from Baghdad and Beirut showing concerns about Iranian meddling in Iraqi politics. LINK 

FOREIGN AFFAIRS:
The Washington Times’ Ashish Kumar Sen : “War-crimes probe opened against N. Korea” An International Criminal Court prosecutor opened a war-crimes investigation into the reclusive country's recent military strikes and as U.S., Japanese and South Korean officials conferred at the State Department. LINK

Bloomberg’s Gonzalo Vina: “Cameron Says Afghan Advances Show NATO Pullout Plan Achievable” U.K. Prime Minister David Cameron made an unannounced visit to Afghanistan and said recent progress by allied forces suggests NATO’s plan to hand over control of the country’s security to its own army by 2014 is achievable. LINK

SUPREME COURT:
USA Today’s Joan Biskupic: “Supreme Court hears veterans’ disability case” The lawyer for a Korean War veteran who suffered from schizophrenia and was barred from appealing a denial of benefits because he missed a deadline urged the Supreme Court to allow vets some leniency.  LINK

ABC NEWS VIDEO:
ABC NEWS: “Patraeus Reacts to Loss of Afghan Support” George Stephanopoulos talks to the man in charge about a new ABC News poll. LINK

ABC NEWS: “WikiLeaks’ Julien Assange Ready to Turn Himself In” Jim Sciutto reports on the imminent arrest of the WikiLeaks founder. LINK

BOOKMARKS:
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