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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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A bill to fund the government through September 30 passed in the Senate, reports CNBC's John Harwood.
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John Rutledge, SAFAND chief investment strategist, provides insight on the challenges facing Lew on his first trip to China as Treasury Secretary, amid recent reports of cyberattacks, and currency convertibility issues.
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In their budget proposals, Democrats and Republicans called for scrubbing billions in popular deductions, loopholes, preferential rates and credits that litter the tax code. But they are sharply divided about what should happen to any revenue raised.
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A tax on wealthy New Yorkers follows efforts in other states to improve shaky balance sheets with revenue from those with top incomes.
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President Bill Clinton said Republicans need to openly state how their proposals, specifically tax cuts, would realistically work for the benefit of the American economy.
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Discussing ways in which the GOP can fix its brand, with Mark Stevens, MSCO CEO; Mark Hannah, Former Kerry & Obama Campaign Aide; and Chip Saltsman, Former Huckabee Campaign Manager.
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The GOP will endorse immigration reform on Monday and outline plans for a $10 million outreach to minority groups in an effort to make the party more "welcoming and inclusive" for voters who overwhelmingly supported Democrats in 2012.
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A decade has passed since the U.S. invaded Iraq in pursuit of weapons of mass destruction. CNBC goes over some of the memorable sights and sounds from that conflict.
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Leading congressional Republicans said on Sunday a broad deal with President Barack Obama on deficit reduction and entitlement reform remains possible but differed over potential flexibility on taxes, with the House speaker and budget leader not bending
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Jack Dorsey, co-founder of the popular social media service Twitter and the mobile payments startup Square, may be mulling a run for New York City mayor.
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President Obama nominated Thomas Perez as the new Labor Secretary at a press conference held at the White House this morning. The President urged Congress to confirm his nomination quickly. CNBC's John Harwood reports on the somewhat controversial nomination.
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President Barack Obama on Monday will nominate Tom Perez, head of the Justice Department's Civil Rights Division, as his next labor secretary.
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Ina Drew, the former JPMorgan Chase executive in charge of the unit that harbored the disastrous "London Whale" trades, blamed others for deceiving her.
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With stocks at all-time highs, there's little sign of a bubble forming in markets, Treasury Secretary Jack Lew told CNBC on Thursday.
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The president wants Congress to authorize $200 million a year for 10 years for research on energy technologies.
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As divisions over major reductions in federal budget deficits solidify, President Obama and members of Congress have begun weighing limited steps that might be brokered in a bipartisan deal.
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President Barack Obama has taken mounting U.S. concerns about computer hacking straight to China's new president.
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It sounds like an e-mail scam, but some of the nearly $2 million in unclaimed 2009 tax refunds the IRS is holding may be yours.
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For many Americans, the health reform law will forevermore tie their health to their taxes.
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Democrats made a mistake by not going over the "fiscal cliff" because a "grand bargain" would have been easier to achieve, House Minority Whip Steny Hoyer told CNBC.