The international teen pop-star Justin Bieber and U.S. President Barack Obama are expected to travel around New York City on Thursday.

Expect Bieber-Obama traffic jam throughout the day particularly in the West Side of Manhattan and Midtown Manhattan as the two very famous and greatly protected individuals will travel around the town.

A campaign official of the president verified to the Associated Press (AP) that President Obama will raise fund at two separate affairs, one featuring with contributors from the gay society and the other with entertainer Whoopi Goldberg. The president is apparently scheduled to arrive in the town at around 5:00 p.m.

According to Gridlock Sam, a columnist of NY Daily News, President Obama will possible to travel from Wall Street up from the FDR Drive to the Sheraton Hotel at 7th Avenue and 53rd Street. In addition, the president is also anticipated to dine at Daniel on the Madison Avenue and 65th Street as he stops at the hotel.

The motorcade of President Obama is expected at a Broadway Theater at 52th Street between 9:00 p.m. to 10:00 p.m. then the president will come back to Wall Street for a 10:30 p.m. takeoff, added Sam. Moreover, President Obama has been raising fund for his re-election campaign since April.

On the other hand, Justin Bieber who brought the world the hit-song Baby is expected to attend a launch event on the afternoon for his latest fragrance, Someday, at Macy’s Herald Square. Sam recommends that drivers use the 8th Avenue for uptown travel and prevent to go in 34th Street by 6th avenue. Over 100 individuals were slept outdoors on Tuesday for the appearance of Bieber on Thursday.

The administration of Jerry Brown, the governor in Sacramento, California, announced plans to shutdown 70 state parks on Friday.

This shutting down of 70 state parks is an effort to balance the insufficiency of the state’s budget. The parks included in the closing down were Point Cabrillo Light Station, Tomales Bay State Park in San Francisco north, Candlestick Point State Recreation Area in San Francisco, Fort Tejon State Historic Park in Kern County, Palomar Mountain State Park in San Diego County, Salton Sea State Recreation Area nad over 60 other properties.

The officials of the administration also stated on Friday that the shutting down will not initiate until fall at the earliest and will be finished by July 1 next year. Lawmakers of the state passed $33 million in parks slashes previously this year, but Governor Brown has into signed them into decree. Whether the shutting down will be involved in a last state budget this 2011 is still not clear since the spending plan is still being discussed.

In addition, officials of the administration added that they do not mean to change the budget for the parks further. Governor Brown will also announce his amended budget, together with the new state income projections on Monday. Parks are among the most famous service provided by California and have been employed as dealing chips in the past debates with regard to its budget.

Also, in his 2009 budget, Governor Arnold Schwarzenegger projected to get rid of the 220 of 278 parks of the state t save over $143 million. The list of Schwarzenegger involved some of the most famous properties of the system like Emerald Bay State Park in Lake Tahoe and Will Rogers State Park in Los Angeles. Those slashes had gone by the time that the lawmakers reached a last budget agreement with Schwarzenegger, and no parks were shut down.

President Barack Obama requested for a revamped of the tax code of the United States for an added $1 trillion through the increasing of tax over the next ten years.

All businesses and individuals are included in the requested revamped of the president with regard to the tax code. In a speech today, President Obama encouraged Congress to raise fund by getting rid of the so-called tax expenses, which will produce income that can be employed to lessen the rates of tax and also to boost the government’s take from the country’s economy.

The president did not elaborate much of the details with regard on which tax breaks he will remove or hold back. The biggest tax expenses of the country include the deduction for charitable contribution and interest in the mortgage and the ruling out for employer-provided insurance in health. Increasing of tax will produce almost $1 trillion of the $4 trillion in the reduction of the nation’s deficit that the president is looking for over the next ten years.

Furthermore, they will come on top of his plan to permit cuts in revenue tax to terminate for taxpayers in the top two brackets of tax. The plan that he declared is the same to the one employed by the fiscal commission that the president appointed in 2010.

On his statements at George Washington University, President Obama said that he believes that improvement must care for the middle class, encourage economic development and build on the model of the lessening of tax expenses of fiscal commission so that there is an adequate savings to both lowering the deficit and lowering the rates.

Up to now, the request of the president for a tax revamp had focused on the business tax code and on permitting the rates of revenue tax for high earners to increase in 2013.

People in the United States commemorated the 150th Anniversary of the beginning og the U.S. Civil War.

This is a wounded clash that historians claimed still intensely influences the country. According to William Link, the University of Florida’s historian, the Civil War is one of the most important events in the history of the U.S. in terms of the way the country was described.

Over half a million of individuals were killed in the devastating war in the history of the U.S. when South and North battled over the slavery and states’ rights. The battle started April 12, 1861, with an assault on Fort Sumter in South California.

The nation has made major development, electing in 2008 its preliminary black president, but political scientists and historians said that states rights and race relations are still main issues. Link also said that they do not have bondage any more, but he believes that still in this nation that when individuals think of race they think of nonwhite and white individuals, thus there is sort of two groups.

Southern states that form Confederacy, wanted their freedom from the U.S., the Union, in disagreement that duties that forced by the federal government damage the economy of the Southern. They started the assault on Fort Sumter.

Bondage was still permissible in the South, which some historians stated that the actual cause for division. On the other hand, David Kilroy, Nova Southeastern University’s historian in Florida, said that the main objective of the Confederacy was to maintain a slave system.

The Emancipation Proclamation of former President Abraham Lincoln in January 1863 proclaimed independence for all slaves in the Confederacy, and started a renovation that finally ended bondage and prolonged political and civil equality to African-Americans.

Speaker for the House of Representatives John Boehner stated that an agreement has been made on Friday regarding the federal government funding for the remaining fiscal year that will end on September 30.

As a result of the agreement, all the apprehensions and worries of having a government shutdown has been stopped and needed.

In an interview, Boehner said to reporters that he was very thankful he alongside Senator Harry Reid have come up with a deal that will, in all honesty, cut the spending, making way for the government to be open.

Additionally, he said that the House of Representatives will cast their votes on Friday in a temporary bill in order to maintain the government in an open position even after midnight, and as long as there are talks for a much wider spending bill. This must be passed and written by the Congress and should be signed into law by President Obama.

In the past few days, Democrats and Republicans are in dispute on a gridlock over budget that may affect the remaining federal fiscal year, and it may also affect the work of hundreds of thousands of federal employees.

Each of the party has their own resolutions on what will be the move that can benefit all of them. It is believe that once the problem has been resolved, both the parties will both go on with their work and further damage to the government will be prevented.

Furthermore, Boehner said that the House of Representatives is anticipated to make a final approval to the matter for Obama to be able to sign into law. Moreover, the longer bill will be approved in the Congress in the following week.

It is also expected that the House will resume its daily work as soon as possible once the bill has been passed, saving thousands of employees from being idled.

US Congress agreed late Friday on a temporary resolution to prevent a government shutdown and to keep the federal funded beyond midnight.

According to reports, the House and the Senate have finally reached an agreement to keep the government funded for the next six months until the full agreement can be drafted and passed by Congress. The said budget deal will cut approximately $38 billion from the 2010 budget baseline and $78.5 billion from the budget proposal of US President Barack Obama.

Obama said in a statement following the agreement that in order to win the future, the government must protect its investments. He added that they also made sure that at the end of the day was a debate about spending cuts and not social issues like women’s health and protection from gas emission. He said that these issues are undoubtedly important. However, such issues must not be discussed during a debate about the national budget.

Aside from government funding, the said budget deal will also keep intact funding to Planned Parenthood and resist several other proposed Republican policy changes. House Speaker John Boehner of Ohio said that he expect the final vote to occur mid next week. He added that this debate has been a long battle between Republicans and Democrats.

On the other hand, he said that he was pleased that they were able to keep the government spending down and help create a better environment for job creators in the United States. The budget deal appeared to come together very late in the day, as Republicans deliberated in private and reviewed the proposed terms and conditions. Official announcements began going out before 11 p.m, before it finally reached the deadline.

U.S. President Barack Obama was unsuccessful in breaking the impasse in budget discussions between the Democrats and the Republicans and it may result for a partial government shutdown.

According to a source from the Democratic Party, the House of Representatives Republican speaker, John Boehner, who is in the meeting at the White House, propelled wider cuts in spending rather than breaking the deadlock. This is in part of an agreement that could maintain the government operating even after a deadline on Friday.

In addition the source said that in spite of the two parties having talks for almost a week about the package intended to cut down recent spending levels valued at $33 billion, Boehner insisted that he proposed to raise it to $40 billion. However, when asked about the subject, aides to Boehner failed to make a comment.

The two parties, the Democrats and the Republicans, have been facing tough times on how the spending cuts with take in effect, and with the deadline to have a resolution is just around the corner, they must be able to resolve the extent of the cuts.

In an interview, several lawmakers stated that they were having their hopes come down that a deal can be finalized just in time before the subsidy concludes on Friday midnight.  In the news conference, Harry Reid, leader of the Democrats in the Senate, told that he is not positive on the matter.

The two parties are caught jammed to the fact on how they will back-up the federal government in the last six months of this year. The Republicans are firm about their movement to downsize the government, whereas the Democrats state that abrupt cuts in spending might affect the weak economic recuperation. In addition, this dispute between the two parties will take a bigger effect when 2012 electoral campaign shall be subsidized.

According to some organizers, President Barack Obama will officially release his re-election campaign for President Election in 2012 and he can spend $1 billion for it.

In addition, the president is likely to file papers on Monday in the Federal Election Commission for a campaign process that is forming now in Chicago. Jim Messina, the previous staffer of West Wing and the possible campaign manager of President Obama, has been organizing donor conferences around the United States.

The president is planning to hold a sequence of fundraisers in California and New York over the next couple of weeks. The Politico.com reported that the campaign is likely to lift $750 million to $1 billion for the president’s election campaign.

That will make the president’s most luxurious campaign in the history of the U.S. election. There will also be more in the type of independent groups that are effectively operated and formed by Karl Rove. Crossroads GPS, a Rove-advised team, used $750,000 in a week for an anti-union national cable purchase criticizing the president previously last month.

Lynn Sweet, the long-time watcher of President Obama and bureau chief in Washington for Chicago Sun-Times, writes that these untimely spots will be the president strikes hidden as issue advertisements, trying to alleviate Obama while the several GOP contenders of the president fight it out in their elections.

Sweet also writes that since there are outside money risk, the group of President Obama, which disheartened independent expenditure for Obama last 2008, is open to it for the election next year. The economy is gaining, although slowly. The news on the employment rate last week helps a lot for the president’s advancement.  President Obama spent much of his first year hauling the healthcare reform, the result of which was not mainly rewarding for the president’s part.

Senate cleared its way to a final vote Monday to extend Bush-era tax cuts, which is set to expire at the end of this year.

The vote took more than three hours as legislators made their way back to Washington through winter storms. The final vote will require a simple majority, so its passage is all but assured.

The tax bill amounting to $858 billion over ten years, will extend the 2001 and 2003 income tax cuts for two years, creates a one-year, two-percentage-point cut in payroll taxes and continue for 13 months jobless benefits for the long-term unemployed. A broad majority of Senate Democrats and Republicans voted to preserve the cuts for middle-income families. The Senate voted 83 to 15 to advance the measure.

On the contrary, nine Democrats and one independent voted against the measure, including Wisconsin Senator Russ Feingold and New York Senator Kirsten Gillibrand and Senator Bernie Sanders. Five Republicans likewise disapproved the bill, including Oklahoma Senator Tom Coburn and Ohio Senator George Voinovich. If the measure is approved this week, the bill heads to the House where the path is more crucial. Most of the Democrats believed that the extensions will pass but cannot say in what form.

President Barack Obama said in an interview that he acknowledges that the legislators on both sides are not all satisfied with certain parts of the package. However, he said that it was how the compromise goes, there will be sacrifices that each cares about to move forward on what matters the most. On the other hand, if Congress fails to act, the cuts will expire and will burden every taxpayer, including families with an income of $63,366, with an additional income tax increase of $1,540.

The Treasury Department said that the government of the United States will trade its remaining seven percent stake in Citigroup.

Furthermore, the Treasury Department stands to yield from the sale of 2.4 billion common shares. The suggested offering will indicate the clearance of a government stake in Citigroup that once set as lofty as 36 percent after $45 billion in bailouts of taxpayers in 2008 and 2009.

In addition, the Citigroup has compensated in preferred stock for $20 billion, while an added $25 billion was transfigured to 7.7 billion common shares held by the Treasury Department. A succeeding share offering of Citigroup cut the stake of the government to 27 percent, which the Treasury Department has carved down the 2009 throughout the sale of shares of 5.3 billion in restricted trades in the market.

Moreover, the decision to trade the remaining shares in public offering pursues a stronger-anticipated initial public offering (IPO) in General Motors (GM), the bailed out car manufacturer whose IPO engrossed attention from foreign sovereign wealth funds and domestic institutional investors.

At the closing price of Citigroup on Monday of $4.45 per share, the Treasury Department stands to yield from the remaining shares. The finance professor of University of Louisiana projected last month that the Treasury Department had made $3.3 billion on the sale of $4.4 billion shares of Citigroup throughout October.

On the other hand, the Treasury Department stated that it will continue to keep warrants of acquire the shares of Citigroup issued as part of the bailouts. These may be reacquired by the Citigroup or sold in a separate public sale for an added income.

The Treasury Department added that it is allowed to receive some in the Citigroup Trust Preferred Securities worth $800 million from the Federal Deposit Insurance Corp. (FDIC) under a program of debt guarantee, given that the FDIC acquires no losses on the debt of Citigroup that it backstopped during financial crisis.