Morning Must Reads: November 27

In the news: trouble in the East China Sea; Obamacare deadline looms; Microsoft vs. NSA; campaign finance reform; a soaring Nasdaq; GOP eyes Senate takeover in 2014; Prettier in Print; Thanksgiving!

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Mark Wilson / Getty Images

The early morning sun rises behind the US Capitol Building in Washington, DC.

  • “Tensions are running high in the skies between China and Japan—and the United States is refusing to stay on the sidelines. After Beijing upset the region by declaring a new air defense zone over a large part of the East China Sea, Washington responded by flying two unarmed B-52 bombers through the area.” [CNN]
  • Ukraine-EU deal is a big threat to Russia’s economy [BBC]
  • “With the clock ticking toward a Saturday deadline, Obama administration officials promise that the website will work better. Exactly how much better? That is hard to say.” [WSJ]
    • “White House officials, fearful that the federal health care website may again be overwhelmed this weekend, have urged their allies to hold back enrollment efforts so the insurance marketplace does not collapse under a crush of new users.” [NYT]
    • “There are states that are running their own websites and enrolling a lot of people, way more than the amateur-hour federal website that serves most of the states.” [Politico]
  • “Microsoft is moving toward a major new effort to encrypt its Internet traffic amid fears that the National Security Agency may have broken into its global communications links, said people familiar with the emerging plans.” [WashPost]
  • “The Treasury Department and the Internal Revenue Service announced a proposed revision to federal tax code that would disrupt the loosely regulated world of dark money in political campaigns.” [TIME]
  • The Nasdaq Composite Index closed above 4000 for the first time in 13 years, the latest milestone in a 2013 stock rally fueled by easy money from the Fed and robust investor demand for a broader swath of fast-expanding companies. [WSJ]
  • “Combined with a favorable map, Republican momentum has put control of the Senate firmly in play. In fact, the 7 seats most likely to switch parties in our latest Hotline Senate Rankings are only Democratic-held. If Republicans flip 6 of the 7—without losing any of their own vulnerable seats—they would control the Senate in 2015.” [National Journal]
  • Prettier in print
  • Have a happy Thanksgiving! MMRs will return on Monday.