House Republicans and Senate Democrats introduced separate budget proposals on Monday to raise the debt ceiling and cut spending. Both plans say there will be no new taxes, which Republican lawmakers claim is a crucial requisite to their party signing the legislation.
President Barack Obama addressed the nation on Monday night to question Republicans who don't want new taxes. Obama said it wasn't fair that people like him wouldn't have to give up tax breaks, while the government slashed funding for education. Negotiations are expected to continue into the final hours of the deadline.
is a hot search on the Web as rumors mount of a possible suitor for the struggling online brokerage company.
The New York-based company has struggled since the economy began to slide in 2008. Its biggest investor, Citadel, recently suggested that E*Trade consider a sale to another company.
has surfaced as a potential buyer.
Reports say that E*Trade could receive as much as $21 a share, which, if bid for at that level, would mean the buyer paying a 62% premium on the stock.
The Twitter-sphere is abuzz about Teen Nick, as the
subsidiary brought back 1990s Nickelodeon cartoon shows late Monday night.
Cartoon shows like "Doug" and "Rugrats will adorn the television channel starting at midnight, every night from Monday to Friday.
The decision to air the old Nick cartoons is sure to stoke nostalgia for a generation of people who grew up watching the shows as children. Also, the time slot of these shows will put it in direct competition with the highly successful Adult Swim lineup on
, which targets mature audiences.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.
--Written by Joe Deaux in New York.
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