Welcome to the jobless recovery. Unemployment claims have hit states so hard that they are raising taxes on businesses at a time when employers can least afford it.

Bear Stearns and Lehman Brothers paid their executives largely in stock, and that stock lost most or all of its value when those companies collapsed. But three professors at Harvard - citing a study - dispute that executives at Bear and Lehman were wiped out along with their companies. The New York Times reports.

The ultralow interest rates the U.S. has been paying on its colossal debt may not last much longer, and the White House estimates that the tab will exceed $700 billion a year in 2019, the New York Times reported.

Now that unemployment has topped 10 percent, some liberal-leaning economists see confirmation of their warnings that the $787 billion stimulus package President Obama signed into law last February was way too small. The economy needs a second big infusion, they say.

As the biggest U.S. banks clamor to defeat Congressional measures that could break up their firms or slap a big tax on their transactions, another costly proposal is quietly gaining steam.

Additional economic stimulus such as a payroll tax cut would boost hiring, Mike Jackson, the CEO of AutoNation, told CNBC on Thursday.

Proposed taxes on financial transactions face an uphill battle in the United States with powerful interests opposed and a lack of support among some key U.S. lawmakers.

Nicolas Cage is being sued by his former business manager, who claims lavish spending, not his advice, is to blame for the actor's financial problems.

Some 14,700 rich Americans worried about a U.S. government crackdown on offshore tax cheats came forward to participate in a tax amnesty program, the top U.S. tax official said on Tuesday.

More than 15 million taxpayers could unexpectedly owe taxes when they file their federal returns next spring because the government was too generous with their new Making Work Pay tax credit.

The percentage of homes bought in the United States by first-time buyer will rise significantly this year, helped by a popular $8,000 tax credit, the National Association of Realtors predicted Friday.

Health care reform has always had two main goals. The first — insuring the uninsured — carries grand overtones of social justice. The second — making the health care system more efficient — can seem abstract, technocratic and a bit nerdy. The New York Times looks at what's missing.

As health care legislation moves to the Senate, there is a growing criticism that the measure doesn't fulfill President Obama’s promise to slow runaway health care costs, the New York Times reports.

The UK government's tax department took to social networking for the first time to warn people to come clean about offshore bank accounts by November 30 2009 to avoid penalty charges or even prison.

U.S. tax authorities will start to audit 6,000 randomly selected companies to focus on employment tax issues ranging from executive compensation to fringe benefits, IRS officials said.