Congress is likely to keep the Bush tax cuts for taxpayers making $250,000 and below, Sen. Byron Dorgan (D-ND) told CNBC Friday.
In midday trading, stocks inched higher for a fourth day Friday, putting the markets on-track for the best week of trading in more than a year.
The government should extend the Bush tax cuts to put money to work and help share prices, Dennis Gartman, founder of The Gartman Letter, told CNBC Wednesday.
The world’s rich countries are now conducting a dangerous experiment. They are repeating an economic policy out of the 1930s — starting to cut spending and raise taxes before a recovery is assured — and hoping today’s situation is different enough to assure a different outcome. The NYT explains.
New York lawmakers plan to enact a tax change that will treat much of the compensation earned by the fund managers who work in New York but live outside the state as ordinary income.
Like any new employee, Jack Abramoff is trying to keep a low profile — or as low a profile as a cause célèbre disgraced lobbyist and convicted felon can keep when news cameramen keep staking out his new workplace. The NYT reports.
House Majority Leader Steny Hoyer said Tuesday that tax increases will eventually be necessary to address the nation's mounting debt, raising a difficult election-year issue as Democrats fight retain control of Congress.
Bankers have all but given up on defeating one of the most contentious provisions in the financial regulation bill and are now focusing on battles like heading off a prohibition on derivatives trading, the New York Times reports.
One of the political mysteries of the last year is why the White House and Congress have not been even more aggressive about trying to put people back to work. The NYT explains.
On Thursday President Obama made it clear that if oil drilling was to continue, it would be under his watchful eye.
His critique of the feds and how you can still make money in spite of them.
A committee of economists, charged with determining the official turning points in the nation’s business cycles, certifies the beginnings and ends of recessions. But this time, the evidence is not so easy to decipher, The New York Times reports.
President Barack Obama is to announce Wednesday a plan to permit exploration for oil and natural gas off the coast of Virginia as a way to create jobs and reduce U.S. dependence on foreign oil.
Now that landmark legislation overhauling the health insurance system is about to become law, addressing Social Security’s solvency could well become the next big thing for President Obama and Congressional Democrats.
The two senators introduced a bill this week, which they modestly called the Bipartisan Tax Fairness and Simplification Act of 2010. The New York Times looks at what it means.
The Obama administration redoubled its efforts on Tuesday to overhaul the nation’s financial regulations, saying it would not back down from its efforts to restrict the trading activities of banks and to create a consumer agency to regulate financial products.
A decade ago, New York City officials were so reluctant to give out food stamps, they made people register one day and return the next just to get an application. The welfare commissioner said the program caused dependency and the poor were “better off” without it.
Video clips of Warren Buffett and Hank Paulson discussing the credit crisis and the economy in an appearance before the Greater Omaha Chamber on Tuesday, February 9, 2010.
Warren Buffett has made no secret of his opposition to President George W. Bush's policies and actions during his eight years in the White House. But Buffett said today that after reading former Treasury Secretary Henry Paulson's new book on the credit crisis, he has a greater appreciation of Mr. Bush's understanding of the crisis and the president's willingness to do what was needed to prevent a complete economic collapse.
Tonight, we learn about Mr. Paulson's thinking behind all those decisions, taken in response to the financial crisis, and, ultimately, in the pursuit of long-run American prosperity.