WASHINGTON— Senate Democrats prepared Tuesday to whack $1 billion from President Barack Obama's emergency spending request for the border, while leaving out policy changes Republicans have demanded as their price for agreeing to any money.» Read More
The House has passed a $26 billion jobs bill to protect 300,000 teachers and other nonfederal government workers from election-year layoffs.
Negativity sells, so brace yourselves for a torrent of pre-election rhetoric designed to convince voters that things are sure to get even worse. The demagoguery is bi-partisan.
One of the most common objections to letting the cuts expire for those in the highest tax brackets is that it would hurt small businesses. As Sen. Orrin Hatch (R-Utah) recently put it, allowing the cuts to lapse would amount to "a job-killing tax hike on small business during tough economic times."
The Treasury’s study on Fannie, Freddie and housing finance must be delivered to Congress by the end of January 2011. In a speech last week, Timothy F. Geithner, the Treasury secretary, told a New York audience that resolving the companies isn’t “rocket science.” But attaining genuine remedies for our housing finance system could actually be harder than rocket science.
There’s a class war coming to the world of government pensions. The haves are retirees who were once state or municipal workers. Their seemingly guaranteed and ever-escalating monthly pension benefits are breaking budgets nationwide.
The company says that only seven people know how the muffins get their trademark tracery of air pockets — marketed as nooks and crannies — and it has gone to court to keep a tight lid on the secret. That leaves one of the seven, Chris Botticella, out of a job — and at the center of a corporate spectacle.
Will higher tax penalties on investment really spur jobs and faster economic growth? Most commentators would say no. It’s really a matter of economic common sense. But Tim Geithner says, Yes!
This is a jobless recovery. That's the consensus among the executives and entrepreneurs here, who say improving employment is their #1 priority.
With Congress set to debate extending the Bush tax cuts, there are risks to small business from raising taxes on the “wealthy”. US Treasury Secretary Tim Geithner gave a speech yesterday in Washington on the Obama administrations economic case for raising taxes on high earners.
Health care spending both contributes to our current economic difficulties and provides us with a potential opportunity to help solve them. It is a great burden on companies, while at the same time it is helping create jobs.
Schmidt says job creation is the most important thing the economy needs right now, particularly in the manufacturing sector. He's very frustrated at the government's slow pace in boosting employment—effectively saying it's ridculous that so much proposed legislation has to wait until after the November elections.
Is there a turn in economic indicators that could suggest economic slowing in the second half? And should investors reconsider the value strategy that did so well in the first half of the year? This strategist says yes.
An investigation by the Government Accountability Office (GAO) contends that for-profit colleges encouraged fraud and engaged in deceptive and questionable marketing practices.
Our economy exacts a terribly steep price for women for any time away from work, in both pay and promotions, says the New York Times.
Data suggests that tax-exempt bonds may continue to rally from current, historic high prices and low yields. But why? This strategist thinks there are at least three reasons.
Despite relatively strong second-quarter earnings, US banks are still suffering from poor revenue growth and will continue to do so into next year, financial analyst Meredith Whitney told CNBC.
Facing pressure from critics of Wall Street to limit its role in elections, Goldman Sachs has pledged not to spend any of its vast corporate reserves on political advertising. The NYT reports.
During the go-go days of lending in California (and Nevada, and Florida, and...), people who could prove they had a pulse were hired as mortgage brokers or loan officers. They made loans to other people who could prove they had a pulse, even if they didn't need to prove income. It did not turn out well.
BP aims to conduct tests Monday before conducting a "static kill" on its Gulf of Mexico oil leak Tuesday, a company executive said.
Yes, they need to be cut. It’s how to do it. In Newsweek, Fareed Zakaria states, “Raise My Taxes, Mr. President!” and the NYT Sunday Op-Ed had something similar entitled, “What They’re Not Telling You.” Both articles are worth reading to understand the US fiscal deficit and how it became $1.4 trillion.