Stocks flat; consumer spending falls

Stocks are little changed in morning trading Friday as lawmakers seek to thrash out a budget agreement. The government also reported that consumer spending fell in October.

The Dow Jones industrial average rose six points to 13,028 as of 11:13 a.m. Eastern. The Standard and Poor's 500 was down 0.4 points to 1,415. The Nasdaq composite was down five points to 3,007.

Stocks are slightly higher for the week. The Dow is up 0.2 percent, the S&P 500 index 0.4 percent. The market has fluctuated between gains and losses in recent days as news and comments filtered out from the budget negotiations in Washington.

Investors have been closely following the talks between the White House and Congress over the “fiscal cliff,” which refers to sharp government spending cuts and tax increases scheduled to start Jan. 1 unless an agreement is reached to cut the budget deficit. Economists say that those measures, if implemented, could push the U.S. economy back into a recession.

“Right now the market is just going to be held hostage as to what happens in the next five hours, versus what's going to happen in the next five years,” said Dan Veru, chief investment officer at Palisade Capital Management, in Fort Lee, New Jersey.

Americans cut back on spending last month and saw no growth in their income, reflecting disruption from Superstorm Sandy that could hold back economic growth in the final months of the year.

The Commerce Department reported that consumer spending dropped 0.2 percent in October. That's down from an increase of 0.8 percent in September and the weakest showing since May.

Among stocks making big moves:

—Yum Brands, which owns KFC, Pizza Hut and Taco Bell, fell $6.90 to $67.58. The fast-food operator reported disappointing sales and earnings forecasts. An analyst recommended that investors sell the stock.

—Zynga, the maker of computer games including “Farmville” and “Cityville,” fell 17 cents to $2.45 after the company said late Thursday that it was loosening its relationship with Facebook.

—VerSign plunged $5.50 to $33.83 after the company announced the terms of its new contract to run the key directories that keep track of “.com” domain names. The company won't be allowed to raise prices on the registration of such names without government approval.

—Duke Energy rose $1.10 to $63.49 after the company said its CEO will step down as part of a settlement with the North Carolina utilities regulator that ends an investigation into the company's takeover of in-state rival Progress Energy.

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British judge urges new press regulator due to hacking scandal

LONDON – In a highly anticipated and lengthy report, a senior judge Thursday recommended that a new, independent regulatory authority be set up to monitor Britain’s raucous press and to crack down on media abuses such as phone hacking and other unethical newsgathering practices.

Justice Brian Leveson said such a regulator was necessary because the press had at times “wreaked havoc in the lives of innocent people” through its intrusions on privacy and relentless pursuit of scoops.

The new regulatory body should be backed by law, but it should not include any politicians, in order to avoid government control of the press, nor any editors, in order to maintain full independence, Leveson said.

The regulator would replace a previous press complaints commission that is widely recognized in Britain to have been a failure, particularly with regard to the phone-hacking scandal. Evidence has emerged that hundreds of high-profile figures may have had their cellphones tapped by the now-defunct News of the World tabloid.

The scandal gave rise to a months-long, government-commissioned investigation into media culture and ethics by Leveson, who heard testimony from more than 300 witnesses.

The recommendations in his 2,000-page report are likely to please some hacking victims and satisfy demands of some lawmakers who say that Britain’s media, in particular its sensation-seeking and gossip-hungry tabloids, have been allowed to run amok.

But the news organizations themselves have expressed alarm over any form of regulation that has its roots in law and that, they fear, could be the first step toward government censorship. Although they recognize the need for oversight, many news outlets have pushed for a better system of self-regulation with no legal underpinning.

Leveson was eager to emphasize his respect for a free press and denied that his recommendations represented any threat to it.

“The press operating freely and in the public interest is one of the true safeguards of our democracy. As a result, it holds a privileged and powerful place in our society,” he told reporters. “But this power and influence carries with it responsibilities to the public interest in whose name it exercises these privileges. Unfortunately, as the evidence has shown beyond doubt, on too many occasions those responsibilities … have simply been ignored.”

The report has been eagerly awaited for months. As its release date neared, politicians and high-profile individuals dug in on either side, calling for laws to regulate the media or warning against them as an unacceptable infringement on a free press.

“As parliamentarians, we believe in free speech and are opposed to the imposition of any form of statutory control,” said a letter signed by 86 lawmakers. “The solution is not new laws but a profound restructuring of the self-regulatory system.”

A recent poll, however, found a majority of Britons in favor of some kind of regulation of the media backed by the force of the law.

The witnesses who appeared before Leveson included some of Britain’s best-known public figures, such as Prime Minister David Cameron. Actor Hugh Grant and "Harry Potter" author J.K. Rowling denounced media invasions of their privacy. Media baron Rupert Murdoch and other newspaper proprietors spoke about newsgathering practices.

The inquiry was launched last year after the hacking scandal exploded in the public consciousness with the revelation that the News of the World had tapped the voicemail messages of a missing 13-year-old girl, whose body was later found dumped in the woods by her killer.

Like a fast-spreading fire, the scandal quickly engulfed key pillars of British public life, putting the heat not just on tabloid newspapers but also the politicians who cozied up to them and the police who offered scoops in hopes of flattering coverage. Within days, the head of Scotland Yard resigned, as did one of Murdoch’s closest confidants, and the 168-year-old News of the World was shut down.

Three separate police investigations – into phone hacking, computer hacking and bribery of public officials – were spawned by the affair. Dozens of people, most of them journalists at Murdoch-owned publications, have been arrested.

Only a few hours before Leveson’s report was released, the former head of Murdoch’s newspapers in Britain and a onetime senior aide to Cameron appeared in court on charges of paying public officials for information.

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Three managers arrested after deadly Bangladesh factory fire

Outgoing Mexican President Felipe Calderon heading to Harvard

Google opposes German push for search engines to pay newspapers

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AP Newsbreak: New Suzanne Collins book in 2013

NEW YORK (AP) — "The Hunger Games" novelist Suzanne Collins has a new book coming out next year.

The multimillion-selling children's author has completed an autobiographical picture story scheduled for Sept. 10, 2013, Scholastic Inc. announced Thursday. The 40-page book will be called "Year of the Jungle," based on the time in Vietnam served by Collins' father, a career Air Force officer.

"Year of the Jungle" is her first book since 2010's "Mockingjay," the last of "The Hunger Games" trilogy that made Collins an international sensation. More than 50 million copies of the "Hunger Games" books are in print and the first of four planned movies has grossed more than $600 million worldwide since coming out in March.

Collins' next project will be intended for ages 4 and up, a younger audience than those who have read, and re-read, her dystopian stories about young people forced to hunt and kill each other. But "Year of the Jungle" will continue, in a gentler way, the author's exploration of war. James Proimos, an old friend from her days as a television writer who helped persuade Collins to become a children's author, illustrated the book.

"For several years I had this little wicker basket next to my writing chair with the postcards my dad had sent me from Vietnam and photos of that year. But I could never quite find a way into the story. It has elements that can be scary for the audience and it would be easy for the art to reinforce those. It could be really beautiful art but still be off-putting to a kid, which would defeat the point of doing the book," Collins, 50, said in a statement released by Scholastic.

"Then one day I was having lunch with Jim and telling him about the idea and he said, 'That sounds fantastic.' I looked at him and I had this flash of the story through his eyes, with his art. It was like being handed a key to a locked door. So, I just blurted out, 'Do you want to do it?' Fortunately he said 'Yes.'"

"How could I refuse?" Proimos said in a statement. "The idea she laid out over burritos and ice tea during our lunch was brilliant and not quite like any picture book I had ever come across. The writing is moving and personal. What Suzanne does so well here is convey complicated emotions through the eyes of a child."

According to Scholastic, "Year of the Jungle" will tell of a little girl named Suzy and her fears after her father leaves for war. She wonders when he'll come back and "feels more and more distant" as he misses family gatherings. He does return, but he has changed and his daughter must learn that "he still loves her just the same."

Collins has said before that she wanted to write a book about her father. In a 2010 interview with The Associated Press, she explained that her father was a trained historian who made a point of discussing war with his family.

"I believe he felt a great responsibility and urgency about educating his children about war," she said. "He would take us frequently to places like battlefields and war monuments. It would start back with whatever had precipitated the war and moved up through the battlefield you were standing in and through that and after that. It was a very comprehensive tour guide experience. So throughout our lives we basically heard about war."

Scholastic also announced Thursday that "Catching Fire," the second "Hunger Games" book and originally released in 2009, is coming out in June as a paperback. The paperback edition usually comes within a year of the hardcover, but "Catching Fire" had been selling so well that Scholastic waited. "Mockingjay" has yet to be released as a paperback.

Next summer, Collins' five-volume "The Underland Chronicles," published before "The Hunger Games," will be reissued with new covers.

"'The Underland Chronicles,' with its fantasy world and 11-year old protagonist, Gregor, was designed for middle readers," Collins said in a statement. "The 'Hunger Games' trilogy features a teen narrator, Katniss Everdeen, and a stark dystopian backdrop for the YA (young adult) audience. 'Year of the Jungle' attempts to reach the picture book readers by delving into my own experience as a first grader with a father deployed in Vietnam."

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Medicare Is Faulted in Electronic Medical Records Conversion

The conversion to electronic medical records — a critical piece of the Obama administration’s plan for health care reform — is “vulnerable” to fraud and abuse because of the failure of Medicare officials to develop appropriate safeguards, according to a sharply critical report to be issued Thursday by federal investigators.

Mike Spencer/Wilmington Star-News, via Associated Press

Celeste Stephens, a nurse, leads a session on electronic records at New Hanover Regional Medical Center in Wilmington, N.C.

Centers for Medicare and Medicaid Services

Marilyn Tavenner, acting administrator for Medicare.

The use of electronic medical records has been central to the aim of overhauling health care in America. Advocates contend that electronic records systems will improve patient care and lower costs through better coordination of medical services, and the Obama administration is spending billions of dollars to encourage doctors and hospitals to switch to electronic records to track patient care.

But the report says Medicare, which is charged with managing the incentive program that encourages the adoption of electronic records, has failed to put in place adequate safeguards to ensure that information being provided by hospitals and doctors about their electronic records systems is accurate. To qualify for the incentive payments, doctors and hospitals must demonstrate that the systems lead to better patient care, meeting a so-called meaningful use standard by, for example, checking for harmful drug interactions.

Medicare “faces obstacles” in overseeing the electronic records incentive program “that leave the program vulnerable to paying incentives to professionals and hospitals that do not fully meet the meaningful use requirements,” the investigators concluded. The report was prepared by the Office of Inspector General for the Department of Health and Human Services, which oversees Medicare.

The investigators contrasted the looser management of the incentive program with the agency’s pledge to more closely monitor Medicare payments of medical claims. Medicare officials have indicated that the agency intends to move away from a “pay and chase” model, in which it tried to get back any money it has paid in error, to one in which it focuses on trying to avoid making unjustified payments in the first place.

Late Wednesday, a Medicare spokesman said in a statement: “Protecting taxpayer dollars is our top priority and we have implemented aggressive procedures to hold providers accountable. Making a false claim is a serious offense with serious consequences and we believe the overwhelming majority of doctors and hospitals take seriously their responsibility to honestly report their performance.”

The government’s investment in electronic records was authorized under the broader stimulus package passed in 2009. Medicare expects to spend nearly $7 billion over five years as a way of inducing doctors and hospitals to adopt and use electronic records. So far, the report said, the agency has paid 74, 317 health professionals and 1,333 hospitals. By attesting that they meet the criteria established under the program, a doctor can receive as much as $44,000 for adopting electronic records, while a hospital could be paid as much as $2 million in the first year of its adoption. The inspector general’s report follows earlier concerns among regulators and others over whether doctors and hospitals are using electronic records inappropriately to charge more for services, as reported by The New York Times last September, and is likely to fuel the debate over the government’s efforts to promote electronic records. Critics say the push for electronic records may be resulting in higher Medicare spending with little in the way of improvement in patients’ health. Thursday’s report did not address patient care.

Even those within the industry say the speed with which systems are being developed and adopted by hospitals and doctors has led to a lack of clarity over how the records should be used and concerns about their overall accuracy.

“We’ve gone from the horse and buggy to the Model T, and we don’t know the rules of the road. Now we’ve had a big car pileup,” said Lynne Thomas Gordon, the chief executive of the American Health Information Management Association, a trade group in Chicago. The association, which contends more study is needed to determine whether hospitals and doctors actually are abusing electronic records to increase their payments, says it supports more clarity.

Although there is little disagreement over the potential benefits of electronic records in reducing duplicative tests and avoiding medical errors, critics increasingly argue that the federal government has not devoted enough time or resources to making certain the money it is investing is being well spent.

House Republicans echoed these concerns in early October in a letter to Kathleen Sebelius, secretary of health and human services. Citing the Times article, they called for suspending the incentive program until concerns about standardization had been resolved. “The top House policy makers on health care are concerned that H.H.S. is squandering taxpayer dollars by asking little of providers in return for incentive payments,” said a statement issued at the same time by the Republicans, who are likely to seize on the latest inspector general report as further evidence of lax oversight. Republicans have said they will continue to monitor the program.

In her letter in response, which has not been made public, Ms. Sebelius dismissed the idea of suspending the incentive program, arguing that it “would be profoundly unfair to the hospitals and eligible professionals that have invested billions of dollars and devoted countless hours of work to purchase and install systems and educate staff.” She said Medicare was trying to determine whether electronic records had been used in any fraudulent billing but she insisted that the current efforts to certify the systems and address the concerns raised by the Republicans and others were adequate.

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Fast-food workers walk out in N.Y. amid rising U.S. labor unrest

New York -- A week after hundreds of Wal-Mart employees walked off their jobs to demand better wages and the freedom to form a union, fast-food workers from some of the nation’s largest chains are staging a similar walkout.

Employees from McDonald's, Wendy’s, Burger King, Taco Bell and KFC are staging protests in locations around New York City today, demanding $15 an hour in pay – more than double the minimum wage some receive – and the right to form a union.

“What we’re finding is that there’s huge support among fast food workers to form a union and to fight back against the poverty wages that they’re being paid,” said Jonathan Westin, organizing director of New York Communities for Change, which is helping to organize the strike.

“Most workers are being paid minimum wage, they can’t afford rent, they can’t afford to put food on the table,” he said. “Many people rely on public assistance to subsidize their wages.”

The first walkout began at a McDonald's on Madison Avenue at 6:30 a.m., where 14 workers refused to enter the building – the majority of the morning shift, Westin said. The protests are now moving to downtown Brooklyn, the Penn Station area, and Times Square.

Darryl Young, 24, was one of the McDonald's workers to walkout. The Bronx resident says he gets paid $7.25 an hour to be a cashier, but is asked to do many more jobs -- maintenance, manning the grill, cleanup. He's the only one in his household earning an income, and said he was nervous about walking out because he has a 2-week-old daughter.

"I'm just standing up for what's right," he said.

It is often difficult to organize service workers because of the changing nature of their shifts – it’s even  more difficult to organize low-wage workers in a bad economy, because people are afraid they won’t be able to find a new job.

But Westin said his group had been talking to workers throughout the summer. Interest grew after Wal-Mart workers walked off the job last week. Workers at the ports of Los Angeles and Long Beach also walked out last week.

Those actions follow a period of relative quiet on the labor front, broken by the Chicago teacher’s strike earlier this year and a strike by employees of Hostess Brands that the company blamed for putting it out of business.

More walkouts are likely to come.

“Strikes have always run in clusters, at points that nobody anticipates,” Julius Getman, a labor expert and the author of “Restoring the Power of Unions: It Takes a Movement,” said in an interview last week.

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Obama, Romney to meet over lunch at the White House Thursday

WASHINGTON -- President Obama and former campaign rival Mitt Romney will meet for a private lunch Thursday at the White House, fulfilling an offer that Obama made after his reelection victory.

The White House announced Wednesday morning that Obama and the former Republican presidential nominee will dine at an undisclosed time in the Private Dining Room in the Executive Mansion. The event will be closed to reporters and photographers.

The duo’s meeting follows a statement from Obama on Election Night.

“In the weeks ahead, I also look forward to sitting down with Governor Romney to talk about where we can work together to move this country forward,” Obama said.

PHOTOS: 2016 presidential possibilities

Obama, in a press conference held Nov. 14, offered some hints as to what their conversation may be.

“There are certain aspects of Governor Romney’s record and his ideas that I think could be very helpful,” Obama said. “To give you one example, I do think he did a terrific job running the Olympics. And you know, that skill set of trying to figure out how do we make something work better applies to the federal government.”

“There may be ideas that he has with respect to jobs and growth that can help middle-class families that I want to hear,” Obama added. “I’m not either prejudging what he’s interested in doing, nor am I suggesting I’ve got some specific assignment.”

Romney, who lost the race by about 3.5 million votes, has avoided public appearances since shortly after the election, when he aggravated many in his own party by accusing Obama of winning through “gifts” to African-Americans, Latinos and young voters during his first term.

“The Obama campaign was following the old playbook of giving a lot of stuff to groups that they hoped they could get to vote for them and be motivated to go out to the polls,” the former Massachusetts governor said on a conference call to supporters.

PHOTOS: President Obama’s past

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BBC drama 'The Hour' back to make the 1950s sexy

LONDON (AP) — The media are under fire, celebrities are under the microscope. Welcome to Britain in 2012 — or in the 1950s, the setting for the BBC drama "The Hour."

A newsroom drama/political thriller about the staff of a current affairs TV program, "The Hour" gained attention last year when it debuted for its resonant story lines and distinctive retro style. The latter aspect — all mid-century modern interiors, sensuous silk dresses and slim suits — prompted the show to be dubbed, inevitably, a British "Mad Men."

The second six-episode season — in the middle of its run in Britain and starting Wednesday on BBC America — stays focused on the tempestuous trio of battling producer Bel Rowley (Romola Garai), combative reporter Freddie Lyon (Ben Whishaw, tech-master Q in the Bond film "Skyfall") and smooth anchorman Hector Madden ("The Wire" alumnus Dominic West) as they confront meddling management, murky maneuvers in high places and tensions between work and their private lives.

They also must deal with the consequences of their show's rising profile — especially the impulsive Hector, who finds that fame comes at a cost.

Series writer Abi Morgan, whose work includes screenplays for "The Iron Lady" and "Shame," said she was drawn to the period's sense of style — "a certain kind of 'La Dolce Vita' glamour that I really love." She also wanted to explore the birth of modern culture in a decade often seen as staid and conformist.

"What we know about history is inherently, it repeats itself," said Morgan, counting off the show's modern themes: "Immigration, women trying to have it all, the sense of a kind of greater global threat (because of the Cold War) ... the rise of capitalism and consumerism in Britain, the birth of celebrity, and the vulnerability of celebrity."

"The Hour" has been hailed for recasting a time usually remembered in Britain as a gray era of postwar austerity. Prosperity took a long time to arrive in Britain, which emerged from World War II victorious but broke — wartime food rationing continued until the 1950s.

But by 1957, when the second series of "The Hour" opens, wages were rising, the economy was growing, new consumer goods were available and the tempting devil of rock 'n' roll was washing up on Britain's shores.

The series introduces the BBC's brash rival ITV, which launched in 1955 as Britain's first commercial TV network, and takes excursions to seedy Soho nightclubs, where journalists and politicians mingled with denizens of the London underworld.

Garai, whose television roles include the title role in Jane Austen's "Emma" and an ambitious Victorian prostitute in "The Crimson Petal and the White," said "The Hour" helped correct "the idea that somehow the '60s was the sea-change."

"The '60s was born out of the '50s," she said. "In this series, we talk a bit about Ginsberg and Kerouac. The birth of everything we identify as 'modern' was definitely seeded in the '50s and the Beat Generation."

Like Aaron Sorkin's "The Newsroom," the show is also a love letter to journalism — a much-needed one in Britain, where the profession's image has plunged after revelations of tabloid phone hacking, and where even the august BBC has been tarred by its bungled response to a sex abuse scandal.

"I still believe in the nobility of journalism," Morgan said. "I still love good journalism, and I wanted to hark back to an age when you didn't instantly tweet and you didn't instantly blog and you didn't videophone an event. The slow burn of building a story and nurturing a story and investigating a story is still fascinating to me."

"The Hour" continues a run of strong female characters for Morgan, who dared to depict the divisive former Prime Minister Margaret Thatcher in "The Iron Lady."

In Bel, she has created something still too rare on television — a sympathetic, competent woman in a position of power. Garai said it was a delight to play a strong women who is "not seen as being bossy or controlling."

Her only qualm is the show's luscious costumes, which have made Garai and her co-stars the subject of glossy magazine spreads about '50s fashion.

The real-life Bel, she says, would have worn "a tweed suit and brogues."

"You sort of think, could Bel really afford a silk two-piece on a BBC producer's salary?" Garai said. "And then everyone goes, 'Oh shut up, Romola.' So I say 'OK, OK, yes. I'll wear the beautiful suits. And breathe in.'"

Jill Lawless can be reached at http://Twitter.com/JillLawless

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Nurses Sue Douglas Kennedy for $200,000

Yana Paskova for The New York Times

Two nurses have accused Douglas Kennedy, a son of Robert F. Kennedy, of assault and battery, negligence and causing them emotional and physical distress after an episode involving his newborn son.

Two nurses in Westchester County have filed a $200,000 lawsuit against Douglas Kennedy, a son of Robert F. Kennedy, accusing him of assault and battery, negligence and causing them emotional and physical distress after an episode involving his newborn son.

The Journal News of Westchester reported that the lawsuit was filed on Tuesday, a week after a court in Mount Kisco, N.Y., acquitted Mr. Kennedy of child-endangerment and harassment charges.

The charges stemmed from Mr. Kennedy’s attempt in January to take his newborn son from a maternity ward.

The two nurses said Mr. Kennedy hurt them as they tried to prevent him from leaving with the newborn. Mr. Kennedy said he was just taking the baby outside for some fresh air.

In a statement, Mr. Kennedy vowed to fight the lawsuit and said it was an attempt to extort money from his family.

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New home sales dipped 0.3% in October

The October data on new home sales came in below analyst expectations, but the monthly figures can be volatile. (Gregory Bull / Associated Press)

By Jim Puzzanghera

November 28, 2012, 8:31 a.m.

WASHINGTON -- New home sales dipped 0.3% in October and the government revised down its figures for September in a report that threw some cold water on the recent signs of a strong housing rebound.

New single-family homes sold last month at a seasonally adjusted annual rate of 368,000, down from a revised 369,000 rate in September, the Commerce Department said Wednesday.

The September figure was lowered from the initial 389,000 rate, which had represented a 5.7% jump from August and the highest rate since April 2010.

The revised figure means new home sales increased just 0.8% in September.

The October data came in below analyst expectations, but the monthly figures can be volatile. The overall trends are still positive, and new homes sales last month were up 17.2% from a year earlier.

The median sales price also dropped last month, to $237,700 from $248,000 in September. The October sales price was up 5.7% from a year earlier.

Supply also increased last month. There was a 4.8 months supply of new homes in October, compared to a 4.7 month supply in September.

ALSO:

House flipping gets an expensive twist

Housing recovery continues as home prices rise in September

New home sales up 5.7% in September to best rate since early 2010

Follow Jim Puzzanghera on Twitter and Google+.

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Obama returns to campaign trail to promote middle-class tax cuts

Negotiations on the fiscal cliff continue Tuesday as neither Republicans nor Democrats have been able to broker a deal.

By Christi Parsons




This post has been updated, as indicated below.

November 27, 2012, 8:47 a.m.

WASHINGTON — President Obama is heading back out on the campaign trail this week — this time to pressure Congress to extend the expiring middle-class tax cuts.
 
On Friday, Obama plans to travel to Hatfield, Pa., for an event at a toy factory that according to the White House “depends on middle-class consumers during the holiday season.”
 
Lest anyone miss the holiday spin of this public campaign, the White House issued an analysis Monday predicting how the automatic tax increases could hurt the winter shopping season. Obama is expected to mention its findings, including its estimate that the hike would put a $200-billion crimp in consumer spending in 2013.

PHOTOS: President Obama’s past 

Of course, Republicans are perfectly amenable to extending the Bush-era tax cuts as a complete package. But aides to Obama are reiterating that he won’t go along with a deal that extends the cuts for high earners.
 
Staffers on all sides are working now to come up with an agreement that will avert the expiration of the tax cuts as well as the federal government spending cuts set to take effect the end of the year.
 
Just how hard Obama plans to hit the “Grinch” message at this point in the talks isn’t clear. The politics of a deal call for a delicate balance of partisan interests — no easy task so soon after the acrimonious fall campaigns.
 
For much of this week, the campaign will take place behind closed doors. On Tuesday Obama is scheduled to meet with small retailers whose profits depend significantly on holiday sales.

QUIZ: How much do you know about the fiscal cliff?
 
On Wednesday, he has scheduled an event at the White House with middle-class Americans who responded to an email from senior advisor David Plouffe seeking accounts of how a tax increase would affect them. He’ll also meet that day with business leaders.
 
But on Friday, Obama is set to go to Pennsylvania to visit the 150 employees of the Rodon Group factory.
 
The facility makes toys for K’NEX Brands, whose products include popular items of Christmases past and present — Tinkertoys and Angry Bird Building Sets.

Republicans are planning their own public campaign on the tax fight. House members are planning events at small businesses to argue the merits of extending all of the Bush-era tax cuts.

"The target of the president’s rallies should be the congressional Democrats who want to raise tax rates on small businesses rather than cut spending," said Michael Steel, a spokesman for House Speaker John Boehner. "To draw attention to the irresponsible position of Democrats in Congress, House Republicans will be taking our message to small businesses across America."

[For the Record, 8:44 a.m. PST Nov. 27: This post has been updated to include Republican plans for a public campaign on taxes.]

Follow Politics Now on Twitter and Facebook 

christi.parsons@latimes.com

Twitter: @cparsons

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