The Federal budget deficit cannot be brought under control or meaningfully reduced without addressing the looming insolvency of Social Security.
US health-care reform has cost the pharmaceutical company Glaxo SmithKline (GSK) millions of dollars in lost sales, a trend expected to continue in the near term, Andrew Witty, its CEO, told CNBC Thursday.
Republicans controlling the House promised Thursday to wring $32 billion from this year's budget in their drive to bring domestic spending down to levels in place before President Barack Obama took office.
We're a little less than two weeks away until the White House releases its 2012 budget and both sides are getting ready to battle.
The 2012 Democratic National Convention will be held in Charlotte, North Carolina, according to an email the Democratic National Committee sent to supporters Tuesday.
The Obama administration is hoping that the US economy will grow 4 percent this year, leading to a fall in unemployment , Gene Sperling, director of the National Economic Council, told CNBC Monday.
Risks that the troubles in Egypt may spread have increased and the uprisings have a negative effect on growth, as well as contributing to higher prices, economist Nouriel Roubini said.
Those of us who advocate for wholesale income tax reform understand the quixotic nature of the fight. Our federal individual income tax system is so chock full of special beneficiaries that any action aligns an array of constituencies far too politically sympathetic to defeat.
The United States need to be a leader in thought, design, and execution. Economic victory requires nothing less.
Concluding that financial crisis was caused by a lack of regulation is too simplistic and ignores the global nature of the crisis, according to Republican members of the Financial Crisis Inquiry Commission.
New Jersey Gov. Chris Christie will propose a further cut in the state's corporate tax rate during his budget address in February, the governor told CNBC Wednesday.
New budget estimates released Wednesday predict the government's deficit will hit almost $1.5 trillion this year, a new record.
Business responses to President Obama’s State of the Union address reflected praise for his rhetorical commitment to “winning the future” and his support for innovation, education and infrastructure, while raising concerns about the details of his policy proposals, reports the Financial Times.
The 2008 financial crisis was an “avoidable” disaster caused by widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street, according to the conclusions of a Congressional inquiry. The New York Times reports.
In his State of the Union message tonight, President Obama is likely to call for some kind of corporate tax reform. But don’t look for him to be a budget-cutter.
As Illinois battles with the country’s second-largest budget deficit—some $13 billion—its treasurer, Dan Rutherford, told CNBC Tuesday that bankruptcy, an idea being floated to close budget gaps, would disrupt the bond market and break trust with vendors who do business with the state.
That's what the Financial Times called President Obama in Monday's edition: transformed. I guess if you take what Mr. Obama himself described as a "shellacking" in last November's election, you or I would be transformed as well.
President Obama is set to unveil the administration's agenda for the third year of his term and what most business leaders are looking for is for a shift in rhetoric. The first two years of the administration were focused on highlighting business excesses and painting the ills of the economy as directly the result of greed and corruption. Business has been an easy target.
An Illinois Appeals Court ruled Monday that former White House chief of staff Rahm Emanuel's name can't appear on the ballot for Chicago mayor because he didn't live in the city in the year before the election.
Saying nice things about small business sounds good (and the State of the Union Address will pile on even more), but the disconnect between what is said and what is done is massive and does not bode well for our recovery.