Talks between the U.S. and Japan are making progress and will resume again on Monday, Japan's economy minister said.» Read More
When Andrew M. Cuomo was sworn in as New York’s chief executive six weeks ago, he took control of a multibillion-dollar budget, tens of thousands of state workers and hundreds of agencies. But Mr. Cuomo appears to want to hang on to his old job, too, reports the New York Times.
Take a couple minutes to watch Dan Mitchell's new mini-documentary released to coincide with President Obama's FY2012 proposal.
In the last five years, the Internal Revenue Service has revoked the tax exemption of 72 groups, known as supporting organizations, that obscure philanthropies created to support specific charities. The New York Times reports.
If your employer has automatically enrolled you in a 401 (k) plan at the beginning of this year, it’s time to take stock of your holdings. What your company has chosen may or may not be advantageous to you.
Earlier today, the White House released a budget proposal that included trimming the mortgage interest deduction for taxpayers in the top income tax brackets. This is the first step in eliminating what many economists view as an expensive and inefficient housing subsidy.
President Obama's budget proposal resurrects a series of tax increases that were largely ignored by Congress when Democrats controled both chambers. Republicans, who now control the House, are likely to be even less receptive.
The president’s budget document shows a $1.6 trillion deficit for 2011, and serves up new “investments” in education, transportation and R&D, while offering to slice less than $100 billion mostly from domestic discretionary spending.
Imagine getting a bill for $1 trillion, or $3 trillion, with a due date in the next 30 years. This is a situation faced by all 50 states, whose pension funds are underfunded by $1 to $3 trillion, depending on whose estimates you believe.
States are caught in an extended fiscal squeeze caused by rising costs and lower tax receipts. In addition, the aid distributed by the American Recovery and Reinvestment Act of 2009, is pretty much used up.
Congress recently revised the estate tax law, setting the tax-free threshold at $5 million. The terms, however, will apply for just two years, requiring another act of Congress. Tell us what you think the level should be?
The acquisition by merger of the New York Stock Exchange by Deutsche Borse is bad news for the U.S. economy. However, short of antitrust, the U.S. government is in no position to stop it, and antitrust concerns can be resolved without blocking the merger.
Two men, including a Wall Street veteran and a Minnesota trader who went undercover, explain how they worked with the IRS and FBI to expose tax fraud.
Both Obama and Reagan inherited deep and brutal recessions. But the first six recovery quarters look much different for each president.
Bradley Birkenfeld once lived the high life as secret Swiss banker at UBS in Geneva. Then he delivered some of the world’s best-kept secrets to the US government, expecting a great reward. And now he sits in federal prison in Pennsylvania.
President Obama is proposing to ride to the rescue of states that have borrowed billions of dollars from the federal government to continue paying unemployment benefits during the economic downturn, the New York Times reports.
The "Mad Money" host explains how a pro-business president is helping push stocks higher.
"Most taxpayers are less concerned about the estate tax than they were before," says John Gast, partner and tax attorney at Brennan, Manna & Diamond. But that's no reason to forgo estate planning.
If your kids are making their own dinner reservations for Valentine’s Day, it’s probably time to discuss their financial independence. Once they reach college or turn 19, how you form relationships with your children can have fiscal consequences both good and bad.
Here are some of the most interesting whistleblowers, in their own words, from interviews with CNBC.
The sands in Uncle Sam's debt ceiling hourglass are sliding down. Between April and May, according to Treasury Secretary Timothy Geithner, we will have exhausted the nation's borrowing authority.
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