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Offerings drop 34% as Facebook debut, European crisis scare away buyers.
Administration officials propose extending some Bush tax cuts and delaying defense cuts.
Top Federal Reserve officials differ on central banks tactics.
Supreme Court, in 5-4 vote, rules Congress has power to impose individual mandate.
NY Times says banks derivatives trading loss may total $9 bln.
Bank's fines for falsifying Libor spark speculation of lawsuits.
