The proportion of voters who think the country is headed in the wrong direction has risen to 65 percent, a NBC News-Wall Street Journal poll finds.» Read More
Across Washington, lobbyists have been working behind the scenes now for months to prepare for the possible power shift after the November election. The NYT reports.
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.
Mr. Greenspan is wading into the most fierce economic policy debate in Washington — what to do with the tax cuts adopted, in large part because of his implicit backing, under President George W. Bush — with a position not only contrary to Republican orthodoxy, but decidedly to the left of President Obama.
With pressure mounting on the federal government to find new revenues, legislators are considering legalizing, and taxing, an activity it banned just four years ago, reports the New York Times.
The results don't reflect well on the home states of these leaders, regardless of their politics.
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.
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.
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.
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.
Secretary of State Hillary Rodham Clinton is criticizing China and other nations for restricting Internet access and erecting other electronic barriers to the free flow of information.
Health care reform has always had two main goals. The first — insuring the uninsured — carries grand overtones of social justice. The second — making the health care system more efficient — can seem abstract, technocratic and a bit nerdy. The New York Times looks at what's missing.
The United States will continue working for a nuclear-free Korean peninsula regardless of reports that North Korea launched missiles on Monday, Secretary of State Hillary Clinton said.
A federal judge has sentenced former Democratic fundraiser Norman Hsu (shoo) to more than 24 years in prison for violating campaign finance laws.
If there's one strategic communication goal Treasury Secretary Geithner should strive to achieve this weekend in China, it would be to strike down the myth that the U.S. is beholden to the Chinese because they buy our debt, writes Tony Fratto, former Deputy Assistant to the President and Deputy Press Secretary for the Bush Administration.
Lawrence H. Summers, the top economic adviser to President Obama, earned more than $5 million last year from the hedge fund D. E. Shaw and collected $2.7 million in speaking fees from Wall Street companies that received government bailout money, the White House disclosed Friday in releasing financial information about top officials.
float: left;display: inline; font-size:11px; font-face:Arial; border: 1px solid #CCC; line-height:12px; margin-right: 15px; width:100px;/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/fratto_t_100_2.jpg110010000truehttp://msnbcmedia.msn.comfalse1Pfalsefalse left/CNBC/Components/Images/spacer.gif1107500lefttruehttp://icnbc.msnbc.msn.comfalsePfalsefalse Tony FrattoFormer White House SpokesmanCongress has been asked to do some very painful and unpopular things in the current crisis — like approving $700 billion financial rescue package — and they'll be asked to do more. And if members of Congress are asked to do something painful, your can be sure they'll find a way to share that pain.
float: left;display: inline; font-size:11px; font-face:Arial; border: 1px solid #CCC; line-height:12px; margin-right: 15px; width:100px;/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/fratto_t_100_2.jpg110010000truehttp://msnbcmedia.msn.comfalse1Pfalsefalse left/CNBC/Components/Images/spacer.gif1107500lefttruehttp://icnbc.msnbc.msn.comfalsePfalsefalse Tony FrattoFormer White House SpokesmanSecretary Clinton's unfortunate foray into economic policy in Beijing last week only served to highlight the weakness of her approach.
Officials say they will make wide-ranging changes, including stricter federal rules for hedge funds, credit rating agencies and mortgage brokers, and greater oversight of the complex financial instruments that contributed to the economic crisis.
President Obama on Friday stepped squarely into the fractious effort in Congress to assemble an $825 billion economic recovery package, seeking to quell criticism from both parties and to retain leadership on an initiative that could define his term.
Former President Bush may be kickin’ up his heels now that he’s back home in Texas – but he won’t be kickin’ back for long.