A tax system overhaul along the lines that Mitt Romney has proposed would give big tax cuts to high-income households and increase the tax burden on middle- and lower-income households, according to an analysis from economists at the Tax Policy Center, The New York Times reports.
Gore Vidal, the elegant, acerbic all-around man of letters who presided with a certain relish over what he declared to be the end of American civilization, died on Tuesday at his home in the Hollywood Hills section of Los Angeles, where he moved in 2003, after years of living in Ravello, Italy. He was 86. The New York Times reports.
Some Federal Reserve officials are reviving an idea that rose and fell with Alan Greenspan, the former Fed chairman, as they seek to persuade colleagues to take new action to stimulate growth, The New York Times reports.
With just 100 days left until the U.S. presidential election, investors are beginning to make bigger bets on which candidate will carry the day.
Mitt Romney told Jewish donors in Jerusalem on Monday that their culture is part of what has allowed Israel to be more economically successful than the Palestinians, outraging Palestinian leaders who called his comments racist and out of touch.
Former President Bill Clinton is set to play a central part in the Democratic convention, aides said, and will formally place President Obama’s name into nomination by delivering a prime-time speech designed to present a forceful economic argument why Obama deserves a second term, the New York Times reports.
On a trip to Israel, Mitt Romney is trying to win over a tiny sliver of a small — but powerful — section of the American electorate. President Barack Obama is doing the same at home.
President Obama continues to suffer the effects of economic pessimism in the race for the White House, but maintains a lead amid voters' personal misgivings about challenger Mitt Romney, according to the latest NBC News/Wall Street Journal poll.
Voters give Mitt Romney an edge over President Obama on ideas for lifting the struggling economy. But if you look at economic conditions in battleground states, that edge may not be as important as it seems.
Heavy attack ads are being aired in only parts of the country.
This inland port on the San Joaquin River recently became the largest city in the country to declare bankruptcy, but evidence of its unraveling has been mounting for years, The New York Times reports.
President Obama was once the fundraiser-in-chief. Now, he faces the very real threat of being the first president to be outspent by a challenger.
Mitt Romney is demanding that President Obama back away from his persistent attacks on Romney's record at Bain Capital, advising that it would be better "if you spent some time speaking about your record."
With nearly two-thirds of the US enduring drought conditions, food prices are expected to jump ahead of the November election. That could add to voter anxieties about the economy, the Christian Science Monitor reports.
Despite an uncertain future, the talk in Washington and on the campaign trail has dwelled largely on past battles rather than future challenges.
Hours after Mitt Romney was booed at the annual meeting of the NAACP, the civil rights group's leader lashed out at the Republican presidential hopeful, saying "showing up is half the battle."
Mitt Romney draws jeers from black voters as he criticizes President Barack Obama and pledges to repeal the Democrats' health care overhaul.
The debate over balancing taxing and spending has been raging across the country, and no two states have settled it more differently than Maryland and Kansas, the New York Times Reports.
A House vote to fully repeal President Obama’s health care law was supposed to be the coup de grâce for “Obamacare,” a final sweeping away of a law that Republicans thought the Supreme Court would gut and leave for dead, The New York Times reports.
President Obama's campaign and the Democratic party raised $71 million in June, well below the $106 million hauled in by Mitt Romney and GOP.