The Treasury is criticizing senior IRS leaders for poor management of a policy that compromised the tax agency's political impartiality. And the Congressional Budget Office projects a deficit of $642 billion for fiscal year 2013, that's down $200 billion, reports CNBC's John Harwood.
The U.S. government’s annual deficit is shrinking far faster than expected, and faster than many economists think is advisable for the health of the economy, the NYT reports.
CNBC's Steve Liesman shares highlights of his interview with Treasury Secretary Jack Lew, about Europe's economic problems and getting Congress and the White House to strike a deal on the budget.
Ben White, POLITICO; Allan Sloan, Fortune; and Aaron Task, Yahoo! Finance, discuss Carl Icahn's bid for Dell, the move to split the roles of chairman and CEO at JPMorgan.
"The sequester is a drip, drip, drip, not a slammed door," said Rep. Steny Hoyer, (D-MD), discussing the stalled budget bill in Congress, and the Internet sales tax.
Recently published health care figures from the federal government confirm what health advocates have been screaming about for years: charges vary enormously, NBC News reports.
April's U.S. budget surplus was bigger than a year ago and the government ran a much smaller deficit in the first seven months of the year, the CBO said.
Warren Buffett, Berkshire Hathaway, chairman & CEO, talks with CNBC's Becky Quick about the nation's budget problems and why he believes a "tax holiday" will push investment abroad.
Advocates on both sides of the aisle want to lower the official corporate tax rate and the country's biggest companies are in favor, but how? NYT reports.
Ronald Perelman, MacAndrews & Forbes chairman & CEO; Glenn Hubbard, Columbia Business School dean; and CNBC's Robert Frank discuss whether higher taxes will solve the nation's fiscal problems and weigh in on limiting the size of banks.
In the third part of an exclusive CNBC interview, Ronald Perelman, MacAndrews & Forbes chairman & CEO, shares his views on dealmaking, political leadership, and tax reform, with Glenn Hubbard, Columbia Business School dean; and CNBC's Robert Frank.
In the second part of an exclusive CNBC interview, Ronald Perelman, MacAndrews & Forbes chairman & CEO, discusses how the lack of demand by consumers is disrupting business growth, with Glenn Hubbard, Columbia Business School dean; and CNBC's Robert Frank