The U.S. Week Ahead: Battle over budget cuts, Apple meeting
Friday, February 22, 2013 - 02:19
Feb. 22 - The automatic budget cuts know as the Sequester are scheduled to go into effect Friday if Congress doesn't act. Apple holds shareholder meeting after losing battle with activist investor David Einhorn
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-- congressional kicking the can down the road could come Friday. That's when -- sequester would go into effect 85 billion dollars an -- that federal budget cuts roughly half from defense. Congress move the deadline to march as part of fiscal negotiations. House and senate return to session Tuesday with just a few days before the deadline. President Obama has urged congress to postpone the -- to let the White House and congressional Republicans reach a broader deal. Better Acer chairman Ben Bernanke will likely face questions about the impact of the possible budget cuts on the economy when he testified before the senate banking committee Tuesday. Senators will also want to know more about -- Central Bank may stop buying bonds minutes from the January fed meeting showed some policy makers. What to stop the purchases under the originally planned Bernanke news to the house Wednesday to testify. In front of the financial services committee. What potential plots for the economy could come Thursday with the release of the fourth quarter GDP report. Forecasters polled by Reuters see it moving into positive territory. After the earlier it and that's that your group at the end of the year at minus 110 of 1%. A subsequent report but narrower trade deficit in December expected to help McCaw. Victory for gay and more over apple changes Wednesday shareholder meeting late Friday a judge granted his motion for preliminary injunction. Stop -- vote on a proposal to limit the company's ability to issue preferred stock the vote was expected to occur at the meeting shareholders will still able to vote on other proposals. And have a chance to question executives as the stock has fallen more than 30%. Since hitting an all time high in September. And also a corporate calendar more retail earnings headliner Home Depot. The Dow component out results Tuesday. Expected to benefit from recent -- and housing market rival Lowe's as well as Macy's JC Penney and target report quarterly earnings as well. -- follow -- on Twitter Reuters Insider and get more -- videos that -- dot com slash. Reuters TV I've got to show up either this is writers.
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