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Listen up, beer lovers, you’re going to love this! A new study out of Italy suggests that moderate consumption of beer decreases the risk of heart disease by 31 percent. Beer has now joined wine as another alcohol with positive health benefits. The study, based on the data from over 200 thousand people’s drinking habits, found no benefit to the consumption of spirits.

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US tax cuts extended. The US House of Representatives has passed a controversial bill that extends Bush-era tax cuts for 2 years. Along with the tax cuts, unemployment benefits will also be extended for 13 months. Many Democrats opposed President Obama’s support for the tax cuts, but Obama says that the compromise with the opposition Republicans was necessary to get the unemployment extension.

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US not getting due credit. Credit rating agency Moody’s says the United States could lose their coveted “Triple A” status if they go ahead with their tax cut deal. President Obama’s controversial plan would see tax cuts and unemployment benefits extended. Moody’s says that will scare lenders away from investing in the US Treasury, which would lower the nation’s current prime credit rating.

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