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    All states, regardless of partisanship, hate the idea because states (and some cities) already use the sales tax. They do not want the Feds elbowing their way in on these revenues, but perhaps now is the time to think about a national sales tax.

  • Stormy Weather - A CNBC Special Report

    Six years after Hurricane Katrina and countless subsequent disasters many are still questioning the effectiveness of  the Federal Emergency Management Agency . 

  • Debt, Default & Government Spending

    The CNBC news team with a look at today's rhetoric on the debt; what would happen if the government defaulted, and the staggering cost of Medicare and other federal programs.

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    The  U.S. economy has suffered through many recessions in its history. But just what is a recession and how do they come about?  Here are the details in this CNBC explains.

  • One of the trademarks of the current recession has been widespread unemployment. As a result, anyone looking for a job right now should probably cast a wide net and include government jobs in their search for a regular paycheck. collected the annual salaries of employees in 10 high-earning government jobs, and compared them with salaries from the same jobs in the private sector. Check out the list!

  • The U.S. Securities and Exchange Commission seal hangs on the facade of its building in Washington, DC.

    Securities and Exchange Commission Chairman Mary Schapiro told CNBC Wednesday the regulatory agency still has a "full pipeline" of civil actions resulting from 2008's financial crisis in which Lehman Brothers went bankrupt.

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    Defying a veto threat, the Republican-controlled House voted Tuesday night to slice federal spending by $6 trillion and require a constitutional balanced budget amendment to be sent to the states in exchange for averting a threatened Aug. 2 government default.

  • Hope for Debt Deal Boosts Bonds

    President Obama's comments about a potential bipartisan agreement gave a big boost to Treasuries this afternoon, with the Fast Money traders, and Dan Greenhaus, BTIG chief global strategist.

  • President Barack Obama

    Wynn Resorts CEO Stephen Wynn used his company's conference call to lay into the Obama administration, calling it the "greatest wet blanket to business and progress and job creation in my lifetime."

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    Companies both large and small have been slow in creating jobs in the current recovery, and have cited many reasons for it.

  • Your Job, Your Life - A CNBC Special Report

    Uncle Sam has spent tens of billions of dollars on unemployment benefits over the past few years. Some say it has been a lifeline for the long-term unemployed. Others say it has kept people from taking available jobs.

  • Your Job, Your Life - A CNBC Special Report

    Unemployment remains stubbornly high, while job creation frustratingly slow.

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    Swiss drugs industry supplier Lonza is to buy U.S.-listed Arch Chemicals for some $1.2 billion, creating the world's largest player in the microbial control market, the groups said on Monday.

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    Mississippi Gov. Haley Barbour pulled out of the 2012 presidential race in April but that didn't stop him from sounding like a candidate as he criticized the Obama administration for its economic policies.

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    Supporters say it is premature without a replacement to the space craft, while opponents say the returns don't justify the cost. 

  • NASA: The Next Generation - A CNBC Special Report

    Is space exploration a wise investment given the nation's budget problems?

  • NASA: The Next Generation - A CNBC Special Report

    Amidst calls for deep government spending cuts, the privatization of the space age may be the solution.  

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    Money market funds have long been a popular haven for conservative investors, but they could become one way that the tremors of the financial crisis in Greece touch the pocketbooks of Americans — about 50 million of them the New York Times reports.

  • St. Louis, Missouri

    Three states made the top ten (Minnesota, Iowa, Nebraska), while seven made the top 15 (add Kansas, Indiana, North and South Dakota). So much for the Sunbelt.

  • America's Top States for Business - A CNBC Special Report Preview

    For the first time in our five-year old study, states are de-emphasizing their cost of doing business—including taxes and utility rates—while placing more emphasis on quality of life and transportation/infrastructure.  So we're adjusting our weightings and point system.