Good morning folks! Here’s what you missed while the snow was piling up aside your work.
The lead story: Today President Obama will announce a $4 trillion budget that includes a measure for a one time, 14% tax on overseas profits to fund infrastructure projects. This tax would target companies like Apple, which avoid US taxes by storing money overseas.
Also, congratulations to the New England Patriots on their win over the Seattle Seahawks in Super Bowl XLIX.
Coming up: Asian stocks, protests in Hong Kong, Uber regulations, Greek debt, and more.
Asian stock markets opened down after news of weakening Chinese manufacturing reports. After these reports, the Chinese government may be injecting a stimulus package into the economy.
An Al-Jazeera reporter has been released from an Egyptian jail. Peter Greste, an Australian, was held for over 400 days. Two of his colleagues still remain behind bars.
Obama stood behind economic sanctions against Russia, while denying the necessity of military intervention in Ukraine.
Still recovering from their massive debt crisis, Greece’s new government has announced a new plan to restructure the country’s debt . Greece would like to scale back its obligations, fearing a dependence on money from other nations.
Protesters in Hong Kong have become active again. More than 10,000 people marched on Sunday, calling for open elections by the year 2017.
Uber, already facing new sanctions internationally in France and India, may also face new rules in Washington State. The potential sanctions would extend to other ride sharing services, like Lyft and SIdecar.
California is looking into a statewide increase in the age at which one can buy tobacco. The legislation would increase the legal age from 18 to 21. Opposition is expected from tobacco companies, but New York City has already set a precedent for increasing the age.
Ricardo Medina Jr., a former cast member of the Power Rangers, is facing murder charges after allegedly killing his roommate with a sword.
Continuing coverage: The trial of the suspect in the Boston Marathon bombing, Dzhokar Tsarnaev, is underway. Jury selection began in early January.
The weather: Expect cold temperatures but limited snow this week.