"Well, Uncle Sam, you delivered," Warren Buffett wrote in a letter published in the New York Times. "Just as there is a fog of war, there is a fog of panic — and, overall, your actions were remarkably effective. "
In his first one-on-one television interview since leaving the White House, former President George W. Bush talked about regrets, accomplishments and his legacy with NBC's Matt Lauer.
If Bush-era income tax cuts are extended and the deficit grows, the dollar could be further weakened — a prospect that worries U.S. allies and trading partners, the New York Times reports.
CNBC gives cutting-edge coverage of the 2010 midterm elections, with analysis that impacts people on both Wall Street and Main Street. Here is the latest analysis from reporters on the front lines.
It is the home stretch in the battle over Proposition 19, the ballot initiative that would legalize and regulate marijuana in California, and at “Yes” headquarters in downtown Oakland last week, young volunteers were hustling for votes.
The outcome of five contests considered tossups will help determine if Democrats retain control of the Senate, according to the latest analysis of races by The New York Times, with Republicans trying to capture Democratic-held seats in Colorado, Illinois, Nevada, Pennsylvania and Washington.
Trying to manage a terrorism threat in the middle of an election campaign, the Obama administration is walking a political and national security tightrope, says the New York Times.
It is perhaps a measure of the volatility of American politics that a television comedy show was able to tap something deep among American voters, who turned out in the tens of thousands on Saturday to add their voices to a national political debate that some said had left them behind.
The Federal Reserve is all but certain next week to begin a multibillion-dollar effort to coax the recovery along, but privately, Ben S. Bernanke, the chairman, worries that more is needed to turn the sluggish economy around and revive employment, reports the New York Times.
Details from former President George W. Bush's book are being leaked today. Drudge Report is running some bullet points from the book that reveals a man who relied heavily on his faith as commander in chief.
The Obama stimulus bill cut taxes for 95 percent of working families, but few voters noticed, a troubling sign for Democrats, reports The New York Times.
As the political battle heats up, however, it has also veered into a more basic matter of fairness, whether a person who earns more than $200,000 a year should be taxed at rates similar to those who make $5 million, reports The New York Times.
For all of the political noise about tax policy, cuts, it is hard to make a convincing case that either cuts or hikes make much of a difference in economic growth or job creation. "I really don't think you can," says one economist.
Recent election results illustrate the old political adage: A good economy is no guarantee for election victory but a bad one more often than not brings defeat. The 2010 midterms will be no different.
President Obama continues to propose an end to the Bush Tax cuts, which are set to expire at the end of December. The tax cuts were enacted in 2001 and 2003 under President Bush and lowered rates across the board on income, dividends and capital gains. The potential impact of a dividend hike—up to 20 percent or higher—is driving a sudden boom in business activity.
In the debate over the effect of the expiring Bush tax cuts on small business, it’s already possible to do the math. And the Obama administration is pointing to the tax savings that all small-business owners would reap from its own plan to extend the cuts at all but the highest income levels — if, that is, the alternative is letting the cuts expire altogether.
The financial debate in Washington this fall will likely be consumed by whether, and how, to extend the Bush tax cuts. But economic research suggests that tax cuts, though difficult for politicians to resist, have limited ability to bolster the flagging economy. The NYT reports.
It seems to me that the debate about the pending expiration of the Bush tax cuts boils down to a very difficult choice between two bad outcomes. Despite what some politicians would have us believe, extending the cuts will adversely affect a very bad deficit situation.
Tens of thousands of people rallied at the steps of the Lincoln Memorial on Saturday, summoned by Glenn Beck, a conservative broadcaster who called for a religious rebirth in America at the site where the Rev. Dr. Martin Luther King Jr. delivered his famous “I Have a Dream” speech 47 years ago to the day.
Michael Brown, the former administrator of the Federal Emergency Management Agency and the initial poster child for all that went wrong in the aftermath of Hurricane Katrina, is visiting New Orleans for the fifth anniversary of the event that made him said poster child.