- The GOP rejected a bipartisan Senate bill for a 2 week stop-gap extension that would extend the payroll tax cut.
- Draghi reported ducked a question by FT on whether the ECB will ever conduct QE.
- NAHB sentiment index rose to 21 in Dec vs 20 exp and 19 prev.
- Kim Jong Il died. His son is expected to take over the dictatorship. Asian indices were lower on the back of potential instability.