Thinking about keeping some dough in the low? Think again! Messing with the taxman has caused some famous faces a lot of trouble. Find out who they are.» Read More
Eighteen months after the recession officially ended, the government’s latest measures to bolster the economy have led many forecasters and policy makers to express new optimism that the recovery will gain substantial momentum in 2011, the New York Times reports.
Three key players, President Obama, Rep. Paul Ryan, and Sen. Kent Conrad, each have the responsibility of presenting a budget early next year. If these three men decide not to turn back, the era of deficit denial will indeed be over.
As the Baby Boomers age out of their premium tax paying years, Generation X ages in. Is shifting demography moving the United States closer and closer to a federal, state, and municipal tax crisis?
With Democrats achieving their major victories in Congress by party-line votes, the next session could see more partisan animosity. The New York Times reports.
This one thing could derail his entire outlook for the coming year.
For the moment, price tag and paycheck don't matter when it comes to providing tax credits to buyers of hybrid cars. Several luxury brands qualify for credits worth thousands of dollars, but only if drivers buy before the end of the year.
Stephen A. Schwarzman, the chief executive of the Blackstone Group, is Paris-bound. Mr. Schwarzman will spend the next four to six months in France working on international opportunities for Blackstone. The New York Times reports.
The newly elected Congress needs to “get to work” to solve some of the country’s biggest problems or the American people will throw them out in two years, GOP Sen.-Elect Rob Portman of Ohio told CNBC Wednesday.
With the new tax cuts, rating agencies should downgrade U.S. government debt to junk.
Why has Britain managed to boldly go into fiscal territory which the US has hitherto ducked? That is the $800 billion question hanging in the air in New York this weekend, after George Osborne, chancellor, visited the city. The FT reports.
Part of the administration’s strategy has been to ramp up border and workplace enforcement to attract Republican votes for the overhaul. The vote on Saturday made it clear that strategy has not succeeded so far. The New York Times reports.
The Senate voted to strike down the ban on gay men and lesbians serving openly in the military. The New York Times reports.
The collapse of a government-wide spending package in the final days of this Congressional session sets up a politically charged fiscal showdown early next year, testing the determination of Republicans, the New York Times reports.
Many see the S&P 500 scoring double-digit gains next year, finishing at 1400 or higher, because of a better economy, better earnings, better tone from Washington, and a better case for equities versus bonds.
Rep. Barney Frank, chairman of the Financial Services Committee, told CNBC that the tax bill signed into law Friday by President Obama make a “mockery of all this deficit concern.”
Stocks closed narrowly mixed, as technology and bank stocks gained strength and drug stocks fell, amid more evidence of a recovering economy in the U.S. and passage of a bill extending Bush-era tax cuts. American Express fell, while Boeing rose.
I thought only California was crazy. The tax and accounting experts at Thomson Reuters have revealed "quirky" tax laws enacted in 2010.
It was a big week on Capitol Hill. First the Bush Tax Cuts were extended and the swine flu infected omnibus was pulled off the table in the Senate.
Markets could grow by 8 to 12 percent next year, the chairman and CEO of the mutual funds company the Dreyfus Corporation, Jonathan Baum, told CNBC Friday.
The fight over collecting online sales tax is an ongoing issue that is especially heated this holiday season as online retail sales hit new records—and taxes goes uncollected.
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