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Newscast II

From Columbia Radio News, I’m Tyler Daniels.

Austria’s finance minister announced today that the Eurozone would agree to a 4 month extension on the Greece’s Bailout. Provided that Athens that Athens complies with certain reforms. The four month extension is lighter than 6 month extension the Greek government requested.

Wall street reacted positively to the news. The S&P 500 hit an all-time intraday high today. The S and P closed up .61 percent at 2110 and the dow closed up 154 points at 18,140.

The Obama administration announced today that around 800,000 customers of received incorrect tax information from the government. Miriam Sitz reports on the implications for consumers.

MIRIAM: Officials are asking those affected by the error to wait before filing their taxes, until they’ve received the corrected forms. As for the 50,000 or so who have already filed, they’ll get special instructions from the Treasury Department about how to resubmit.

The cause of the problem and it’s effect on consumers are both unknown, say officials. Some people received too much assistance with premiums, and other too little.

At today’s daily White House briefing, press secretary Josh Earnest denied that this mistake indicated a failure of the system in general.

SITZ_HEALTHCARE_NC2 I think this is an opportunity for us to talk about the fact that there are millions of people all across the country who can go to a market place who can shop for health care and they can actually get a tax credit from the government to make that healthcare more affordable.

Officials also announced today a one time enrollment grace period. Uninsured people facing a fine will be able to sign up for coverage through between March 15 and April 30.

Miriam Sitz, Columbia Radio News.


The US department of transportation announced today that it would fine Takata, a Japanese auto parts company, $14,000 a day for not cooperating with a federal investigation regarding defective airbags. The National Highway Traffic Safety Administration – issued two orders last year requesting documentation for an investigation – Today, Transportation Secretary Anthony Foxx said Takata was not complying. A French Digital Security Company, Gemalto announced this afternoon that it would investigate whether or not US and British spy agencies hacked encryption codes from the company. These claims were reported – yesterday as revelations from whistleblower Edward Snowden’s leaked documents from the NSA. White house press secretary John Ernst stated that the alleged hacks came from the British government. The a British government spokesman declined to comment on the specifics of the allegations but stated they abide by “strict legal and policy framework” and that all “activities were authorized, necessary and proportionate” The former first lady of Virginia Maureen McDonnell was sentenced today to a prison sentence of one year and one day. This follows Her husband’s, sentence of two years last month. Former Governor McDonnell answered questions about his wife while walking in Richmond this afternoon.

Gov. Andrew Cuomo announced today that the date of the special election to replace Staten island congressman, Michael Grimm will be may 5th. Last month Congressman Grimm resigned after pleading guilty to tax evasion.

It’s 19 degrees right now in Harlem, clear skies, going down to 9 tonight.

You can expect delays on the subways this afternoon due to cold weather


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