Sen. Marco Rubio (R-FL) says we want a tax code that says the more you invest in the economy, the less you have to pay Uncle Sam. He shares his message for businesses with money overseas.» Read More
While at this time I don't expect a regulation bill to be ready for the President to sign this year, I believe it is likely there will be one ready before the mid-term 2010 elections next year. Again, change is coming whether it makes sense or not.
The White House and lawmakers are trying to blend five House and Senate committee versions of health care legislation into a bill that will pass both houses, where near unanimous Republic opposition was expected.
Financial companies that were shored up by taxpayer money are now paying their employees bug bucks in compensation and benefits. The chairman of the Senate Banking, Housing and Urban Affairs Committee says that's a source of outrage in the country.
Bowing to political pressure from community bankers, the House Financial Services Committee approved an exemption on Thursday for more than 98 percent of the nation’s banks from oversight by a new agency created to protect consumers from abusive or deceptive credit cards, mortgages and other loans.
With a key Congressional committee beginning markup of legislation creating a consumer financial products watchdog, the Federal Reserve's unusual role as a source of funds will likely draw attention.
New rules for the largely unpoliced, $450-trillion over-the-counter derivatives market were approved by a key U.S. congressional committee on Thursday in a win for the Obama administration.
Concluding that some of the nation’s biggest banks are in good enough shape to raise capital from private investors, senior Treasury officials would like more of them to repay billions of dollars in taxpayer money that bailed them out over the last year.
The Social Security Administration makes it official Thursday: There will be no cost of living increase for Social Security recipients next year, the first year without one since automatic adjustments were adopted in 1975.
Lessons learned so far about about jobs "saved or created" by the federal government's economic stimulus program is that a majority of the numbers involve the "saved" part. The money has plugged budgets and staved off serious layoffs, especially in education.
Michigan’s governor, says that we need the public sector to pick up more of the health care bill so that the private sector can be more competitive. It is this kind of flawed economic thinking that gets us into so much trouble. Does the governor think that the public sector gets its funding from thin air, or that doctors work for nothing? Doesn’t she get it asks William Dunkelberg, Economic Strategist.
Much work would lie ahead before a bill could arrive on Obama's desk, but action by the Finance Committee would mark a significant advances, capping numerous delays.
A proposed tax on high-cost, or “Cadillac,” health insurance plans has touched off a fierce clash between the Senate and the House as they wrestle over how to pay for legislation that spacerwould provide health benefits to millions of uninsured Americans, the New York Times reports.
The stock market may be up, U.S. service industries may be recovering, banks may be lending again and housing prices holding. But one major piece of the recovery puzzle is still missing: a brighter employment picture.
The employment crisis is expected to worsen as companies stay reluctant to hire. Many economists expect a jobless recovery, putting pressure on President Barack Obama and congressional Democrats to stimulate job creation.
President Barack Obama promoted a new financial protection agency by saying it would prevent banks from using "ridiculously confusing contracts." He also said the US Chamber of Commerce has made "completely false" claims about the new agency.
The White House is returning to the complicated task of pushing radical financial regulatory reform through Congress by focusing voters on new consumer protections.
A year after Fannie Mae and Freddie Mac teetered, industry executives and Washington policy makers are worrying that another government mortgage giant could be the next housing domino.
Fissures are developing among policy makers at the Federal Reserve as they debate how and when to start raising the benchmark interest rate from its current level just above zero.
Democrats are breathing a sigh of relief after a positive cost report on health care overhaul gave them a chance to rally around a Senate plan that significantly expands coverage while trimming the federal deficit.
The idea of a tax credit for companies that create new jobs, something the federal government has not tried since the 1970s, is gaining support among economists and Washington officials grappling with the highest unemployment in a generation.
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