• The only path to a balanced budget might be a public display of carnage on the state level once the stimulus money dries up.

  • New Jersey to Cut Corporate Taxes Further: Gov. Christie Wednesday, 26 Jan 2011 | 4:10 PM ET

    New Jersey Gov. Chris Christie will propose a further cut in the state's corporate tax rate during his budget address in February, the governor told CNBC Wednesday.

  • Some may think Obama's pledge to cut corporate taxes are helping send stocks higher, but the "Fast Money" traders aren't convinced.

  • President Obama laid out his agenda on aggressively cutting spending and measures on to grow the economy in his State of the Union Tuesday night.

  • 2010 Budget Deficit to Hit $1.5 Trillion: CBO Wednesday, 26 Jan 2011 | 11:31 AM ET
    US Capitol Building with cash

    New budget estimates released Wednesday predict the government's deficit will hit almost $1.5 trillion this year, a new record.

  • Barack Obama

    President Obama’s State of the Union address and Representative Paul Ryan’s Republican response offered few new ideas and weren’t forthright about what needs to be done to get America thriving again.

  • Business Sees the Devil in the Policy Details Wednesday, 26 Jan 2011 | 5:31 AM ET
    President Barack Obama

    Business responses to President Obama’s State of the Union address reflected praise for his rhetorical commitment to “winning the future” and his support for innovation, education and infrastructure, while raising concerns about the details of his policy proposals, reports the Financial Times.

  • Roubini on Spending Freeze Wednesday, 26 Jan 2011 | 3:19 AM ET
    Nouriel Roubini guest hosts Squawk Box on CNBC.

    The White House plan to partially freeze government spending is just "spare change" compared to a budget deficit of more than $1 trillion and eventually the US will have to raise taxes, economist Nouriel Roubini told CNBC Wednesday.

  • President Barack Obama

    Among those sitting in the box with First Lady, Michelle Obama, for the President’s State of the Union speech tonight will be Wendell Weeks, chief executive of glass maker Corning spacer, an iconic American exporter that garners nearly three-fourths of its sales overseas.

  • Mr. President aka ‘Mr. Investment’ Tuesday, 25 Jan 2011 | 2:53 PM ET

    In his State of the Union message tonight, President Obama is likely to call for some kind of corporate tax reform. But don’t look for him to be a budget-cutter.

  • Bankruptcy Would Disrupt Market: Illinois Treasurer Tuesday, 25 Jan 2011 | 12:25 PM ET

    As Illinois battles with the country’s second-largest budget deficit—some $13 billion—its treasurer, Dan Rutherford, told CNBC Tuesday that bankruptcy, an idea being floated to close budget gaps, would disrupt the bond market and break trust with vendors who do business with the state.

  • Farrell: A Transformed President Tuesday, 25 Jan 2011 | 11:08 AM ET
    President Barack Obama

    That's what the Financial Times called President Obama in Monday's edition: transformed. I guess if you take what Mr. Obama himself described as a "shellacking" in last November's election, you or I would be transformed as well.

  • Yoshikami: The President Needs To Set This Path Forward Tuesday, 25 Jan 2011 | 10:04 AM ET
    Barack Obama

    President Obama is set to unveil the administration's agenda for the third year of his term and what most business leaders are looking for is for a shift in rhetoric. The first two years of the administration were focused on highlighting business excesses and painting the ills of the economy as directly the result of greed and corruption. Business has been an easy target.

  • China Property Prices Defy Beijing's Cooling Measures Tuesday, 25 Jan 2011 | 2:57 AM ET
    Apartments in China

    Despite moves by the Chinese government to tame its property sector,  prices have remained stubbornly resilient, with some economists saying the tightening measures are unsustainable.

  • Rising Commodity Prices Won't Cause Inflation Monday, 24 Jan 2011 | 1:33 PM ET
    Woman bagging groceries

    The surge in commodity prices has many worried about skyrocketing food prices at home. But a look at how much the increase in raw commodities actually makes it to the plate, at least in the United States, shows that it is unlikely by itself to cause widespread inflation.

  • Dunkelberg: Improving the State of the Union? Monday, 24 Jan 2011 | 11:20 AM ET

    Saying nice things about small business sounds good (and the State of the Union Address will pile on even more), but the disconnect between what is said and what is done is massive and does not bode well for our recovery.

  • Morici: The State of the Union and the Obama Legacy Monday, 24 Jan 2011 | 10:43 AM ET
    Presidential speech pedistal

    In his State of the Union Address, President Obama will ask for political comity. Quite a switch from two years ago, when he pronounced elections have consequences and used his majorities in Congress to push through new regulatory and spending initiatives with few concessions to Republicans.

  • Property Prices Defy Tightening Moves Monday, 24 Jan 2011 | 4:45 AM ET

    Despite moves by the Chinese government to tame its property sector,  prices have remained stubbornly resilient, with some economists saying the tightening measures are unsustainable.

  • GOP Bloc Presses Leaders to Slash Even More Friday, 21 Jan 2011 | 10:10 AM ET

    House Republican leaders confronted pressure from conservatives on Thursday to take more aggressive steps to cut federal spending, with a large group of lawmakers calling for outlays to be slashed by $2.5 trillion over the next decade, far more than the party has sought so far. The New York Times reports.

  • Path Is Sought for States to Escape Debt Burdens Friday, 21 Jan 2011 | 5:45 AM ET

    Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers, the New York Times reports.

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