Today’s Business Roundup

Markets

US stocks finish near session lows a day before Thanksgiving. The Dow is down -235.26 points. The S&P and Nasdaq also finished in the red as the debt crises in Europe and the US linger. Traders fear a possible global recession because of the shaky financial troubles here and abroad. The markets and banks will be closed for Thanksgiving but will reopen on Friday.

Biggest Travel Day Of The Year

Today is simply the busiest travel day of the year and airlines are not profiting as much as people think. Not only are jet fuel costs growing but airlines have to brace for the unwanted costs for delays because of bad weather all over the US.

Super Committee Failure Spillover

Congress is just weeks away from voting on expiring payroll tax breaks and extending unemployment benefits. President Obama told an audience at a New Hampshire high school on Tuesday that their taxes would go up an average of $1,000 to $1,500 unless the payroll tax cuts are extended and expanded as part of his jobs bill.

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Thursday, July 30

● Federal agents deliver suspect to sanctuary city

● Angry Internet mob tars student

● Vital information lost through federal data breach

● A health insurance calamity is brewing at the IRS

● Congressman faces racketeering charges

The World in 2:00 – July 29, 2015

The World in 2:00

Russia blocks the creation of a MH17 tribunal and the U.N.’s envoy to Syria offers a bleak assessment of the prospect of peace.

Perry Pledges No Bank Bailouts as President

Rick Perry at a campaign event at Nashua Community College in Nashua, New Hampshire. June 7, 2015. Photo: Luke Vargas/TRNS

“Wall Street should not be let off the hook for its bad behavior,” Rick Perry told a Manhattan audience Wednesday.

Dems. Celebrate 50 Years Of Medicare, Chastise GOP

Rep. Nancy Pelosi and former Rep. John Dingle who helped pass the decade-old Medicare Act

Sen. Reid and Rep. Pelosi, joined by HHS Sec. Burwell, praised Medicare for its benefits while criticizing Republicans for their decade-long attempts to implement cuts to the program.

House Passes Highway Bill, Moves To Reluctant Senate

The Senate will need to pass the short-term House bill as it stands by July 31 before the departments funding expires, conservatives have railed against the attached reauthorization of the Ex-Im Bank

Clinton To Call For Lifting Of U.S. Embargo Against Cuba

“She will highlight that Republican arguments against increased engagement are part of failed policies of the past,” the Clinton campaign said in a statement.