Thieves have claimed billions of dollars in bogus tax refunds from the IRS by swiping the Social Security numbers and identities of ordinary people.» Read More
The U.S. Department of Energy said it plans to push ahead with as much as $5.3 billion in potential additional alternative energy loans by Friday, despite Republican complaints the money is going out too quickly to untested firms.
Standing in the living room of their house, now full of mud, slime and debris, Helen and Peter Kelly cannot believe that Congress is bickering over disaster aid to people like them. The New York Times reports.
Oh, man. If this is the Benjamin's idea of monetary policy help, imagine if he wanted to screw things up. But I shouldn't blame Ben.
Whether the taxes on the rich in Europe raise enough money to close much of their budget shortfalls, they are being promoted as a step toward economic fairness at a time when governments are cutting spending on social programs like pensions, health care and education. The New York Times reports.
"[Operation Twist] is not going to help foster a sustained economic recovery in the US. I think what quantitative easing or bond purchases does is it helps limit the downside that would otherwise potentially flow through if there were to be unwanted sharply higher yields in the bond market," James Shugg, senior economist at Westpac Bank told CNBC
Thomas Falk, Chairman & CEO, Kimberly-Clark, says businesses will go where they are free to invest and that regulation in the pipeline is creating uncertainty.
It could almost make your head spin. With an economy on the front end of another recession, President Obama’s tax attack on the folks who are most likely to succeed, invest, start new businesses, and create jobs is nothing short of staggering. Only liberal-left class-warfare ideology can explain this.
As much as the world is watching to see how Europe will solve its debt problems, it also is focused on which approach the U.S. will take in solving its own similar issues, Treasury Secretary Timothy Geithner said.
Chairman Ben Bernanke changed this weeks Federal Reserve meeting from one day to two. He has to have a good reason, right? He said there is a lot to discuss, but there usually is. These guys are not without ego and want their say, and the Chair wants more time.
The people who do the hiring in this nation need more leadership out of Washington and more certainty from the Obama administration's attitude on capitalism, hedge fund investor Nelson Peltz told CNBC Monday.
President Obama will propose a "Buffett Tax" on people earning more than $1 million a year when he unveils his deficit plan on Monday, the White House said.
The Obama administration was worried about the financial health of a troubled solar energy company even as officials publicly declared the company in good shape, newly released emails show.
House Speaker John Boehner is calling for tax reform. In a speech today at the Economic Club of Washington, Boehner stressed the need to close loopholes and not raise income taxes that would hurt job growth.
I think there are parts of the President's jobs plan where we can find some common ground, say House majority leader, John Boehner, discussing the similarities and differences in his plan to put Americans back to work and the White House plan.
CNBC's John Harwood reports the latest details on House Speaker Boehner's jobs creation plan which does not include tax increases.
Over the summer, we witnessed the ugliness and partisan-nature of politics as the debt ceiling debacle took place. The nation's balance sheet needs to be fixed.
Sharing perspective on the U.S. economy and discussing "Job Creators Alliance," with Bernie Marcus, Home Depot co-founder.
Insight on Europe's debt issues and President Obama's plans for job creation, with Austan Goolsbee, former chairman, Council of Economic Advisers, who says getting rid of tax loopholes is a good strategy to pay for facilitating the private sector.
Solyndra got a half billion dollars in government loans before filing for bankruptcy. CNBC's Eamon Javers has the details on the hearing for the solar panel company.
The US economy is going from bad to worse and will not fully recover until structural problems caused by the collapse of the housing market and the financial crisis are resolved, according to Capital Economics.