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New data from the IRS shows that tax filers with taxable incomes of $1 million or more were audited nearly 12 times more often than the population as a whole.
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New data from the IRS shows that tax filers with taxable incomes of $1 million or more were audited nearly 12 times more often than the population as a whole.
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Atlanta Fed President Dennis Lockhart told CNBC more solid economic data coupled with a "substantial improvement" in jobs are needed before the central bank would consider tightening policy.
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Rhetoric is heating up: North Korea's army warned that it has been cleared to wage an attack on the US, while the US said it will deploy a missile defense system to Guam.
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President Obama is reportedly returning 5 percent of his salary in tribute to furloughed federal workers, with CNBC's John Harwood.
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Businesses and wealthy owners of estates ask the IRS for changes to a 3.8 percent tax on investment income to fund Obamacare.
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Fed Governor Daniel Tarullo told CNBC that whether banks should be split is up to Congress, which should also talk about limits on short-term bank liability.
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One of the Federal Reserve's most hawkish officials confronted one of the institution's most dovish policymakers on Tuesday in a rare joint public debate over the risks posed to inflation by the U.S. central bank's bold steps to spur growth.
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A federal judge ruled Monday that Stockton, Calif., is eligible for court protection from its creditors, clearing the way for a battle over whether public workers' pensions can be cut when the city goes bankrupt. The NYT reports.
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A popular U.S. visa program for skilled workers is likely to hit its quota within days after its application period opens, triggering a lottery and signaling that companies feel confident about the economy.
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It's official: Stockton, Calif., will become the nation's most populous city to enter into bankruptcy protection after getting clearance from a federal judge on Monday.
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President Barack Obama is leaning toward picking Caroline Kennedy to be the next U.S. ambassador to Japan, a source familiar with the process said on Monday.
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With only six months before the start of enrollment for Obamacare, state and federal health officials are racing to get insurance regulations and systems up and running in time.
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The Chapter 9 bankruptcy case for Stockton, Calif., is being closely watched nationally. At issue: Does federal bankruptcy law trump the California law that says debts to the state pension fund must be honored?
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Big business and big labor have settled on a framework for an immigration overhaul. Now, the lawmakers need to resolve the nitty-gritty—and keep their parties' political flanks mollified.
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Major U.S. business and labor groups have reached an agreement on a guest-worker program that removes a major hurdle to a broad immigration overhaul and clears the way for Senate legislation to be introduced soon, according to a source.
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The Supreme Court indicated Wednesday it could strike down the federal Defense of Marriage Act, which prevents legally married gay couples from receiving a range of federal benefits that go to other married couples.
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The U.S. Supreme Court is hearing arguments in regards to whether same-sex couples should be entitled to more than 1,000 federal benefits, including tax breaks. CNBC's Suze Orman and the "Street Signs" crew provide perspective.
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The Supreme Court is hearing arguments today on whether gay couples have the Constitutional right to marry, reports CNBC's John Harwood.
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A new study indicates that Obama's health care overhaul will result in a 32 percent claims cost increase which could translate into higher premiums for Americans.
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Many politicians want to change the way Congress operates. So why do so many—Republican or Democrat—ultimately become the very creatures of habit they initially promised to replace, at least when it comes to pork and earmarks?
