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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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As the gap between the wealthy and rest of America becomes a hot-button issue in Washington, the Fed's ability to improve the situation may soon move into the spotlight.
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Modest U.S. growth will keep inflation in check and means the Federal Reserve should ease monetary policy further, a senior U.S. central banker said on Wednesday.
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"Taxes are going to kill spending!," they cried. "Don't punish the rich!" Well, the rich have spoken and guess what? They're still spending.
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The battle over a minimum-wage increase has begun, and small employers on both sides have entered the debate.
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Key measures of Americans' attitudes toward their homes and the stock market surged in the latest CNBC All-America Economic Survey.
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Federal regulators are pressing the Supreme Court to stop big pharmaceuticals from paying generic drug competitors to delay releasing cheaper versions of brand-name drugs.
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Wall Street is taking America's biggest pension fund to court this week, for a long-awaited battle over who takes the losses when a city goes bust—workers and retirees, municipal bondholders, or both. The NYT reports.
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Too much of the recent growth in employment has been concentrated in low-wage and temporary jobs, leaving the recovery on shaky ground, a top Federal Reserve official said Friday.
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The House passed a huge stopgap spending bill to keep the government open through the end of September, sidestepping any threat of a government shutdown.
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Kaiser Permanente has been touted as the model of reformed health care, but even they can't trim costs enough, the New York Times reports.
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The Supreme Court will hear arguments on Monday over whether big drug companies can settle patent litigation with generic rivals by making deals to keep cheaper products off the market.
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Chicago will close 54 schools and 61 school buildings by the beginning of next year in the country's third-largest public school district, a move that union leaders called the largest mass closing in the nation.
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FCC Chairman Julius Genachowski announced plans Friday to step down after a four-year term that focused heavily on improving Internet access across the country.
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Dr. Benjamin Carson was a political unknown just weeks ago. Now, He is in some ways a dream candidate for Republicans. The NYT reports.
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When does a cyberattack constitute as an act of war? CNBC's Eamon Javers reports.
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Does Fed Chairman Ben Bernanke have the right strategy for fixing the economy? CNBC's Larry Kudlow weighs in.
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The US Postal Service has suffered a setback in its plan to end Saturday delivery of first-class mail, as Congress advanced a bill requiring six-day delivery.
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Banks have provisions that allow acceleration of payments owed to senior executives if they take government jobs, NYT reports.
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A rundown of proposals, from tax deductions to the minimum-wage fight, that would impact small businesses.
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President Obama said that standing with Israel makes both nations stronger and more prosperous, with Martin Indyk, Brookings; Dan Senor, The Foreign Policy Initiative; Ryan Grim, The Huffington Post; and Tony Fratto, CNBC contributor.