The Senate Finance Committee has said it is considering raising federal taxes on alcohol and creating a new tax on sugar-sweetened drinks.
Investors sent stocks sharply lower Wednesday after data on factory orders and the services industry came in below expectations.
The U.S. service sector shrank last month at the slowest pace since late last year and orders to U.S. factory orders rose in April.
A person briefed on the deal says General Motors Corp. has a tentative agreement to sell its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co. of China.
General Motors Corp. says it has 16 buyers interested in purchasing its Saturn brand, while three parties are interested in the Swedish Saab brand.
Regional bank KeyCorp said Tuesday it raised $1 billion.
Utility company Duke Energy plans to ask North Carolina regulators to increase customer rates by an average of 12.6 percent beginning Jan. 1.
World stock markets were barely changed Tuesday as further upbeat U.S. economic news helped offset profit-taking following the previous session's big gains.