1. TAX POLICY:
Wind credit backers floating on the tide of fiscal talks, hoping not to sink
Just as the passengers on the Titanic could do nothing to avoid that iceberg, supporters of a key wind industry tax break have little control at this point over whether their incentive will continue into next year. Proponents of the wind production tax credit (PTC) believe they have largely won the argument over the merits of extending it at least through next year -- with a deep, bipartisan bench in both chambers of Congress on board in principle with an extension. But there is little appetite in Congress to address the credit in isolation of the broader suite of tax-and-spending issues collectively known as the "fiscal cliff."