JFK understood that high tax rates, even on the rich, bring inequities into the nation's political economy that do not befit America's traditions.» Read More
Is Israel going to wipe out Hamas? Helima Croft, Barclays Capital senior geopolitical strategist and Former CIA senior economic analyst, offers insight. "The big question is will this remain confined to Gaza, or does it spread to the broader Middle East," she says.
According to the Wall Street Journal, President Obama wants a $1.6 trillion tax increase over the next 10 years. Ted Cruz, Texas Senator Elect (R), says "if President Obama continues on the path to higher taxes, the U.S. is headed to yet more gridlock."
CNBC's Eamon Javers reports President Obama's had his first opportunity today to speak about the Petraeus sex scandal.
Reuters is reporting that the U.N. Security Council is scheduled to meet at 9pm ET tonight to discuss Israel's strikes on Gaza; and Douglas Holtz-Eakin, American Action Forum president, discusses the 2013 Federal budget.
President Obama met with CEOs today to discuss finding a solution to the fiscal cliff. Keith Boykin, Former Clinton White House aide; Steve Moore, Wall Street Journal; and David Webb, TeaParty365, offer insight.
The latest Investor's Business Daily poll shows economic optimism plunged 10 percent into pessimistic territory on the news of Obama's win. Forbes Magazine's executive editor Michael Ozanian, provides perspective.
Is America on the path to welfare and government dependency, or is there a future of free market capitalism? Larry Elder, author of "Dear Father, Dear Son," and radio talk show host, discusses the impact of the U.S. depending on the government.
John Schnatter, CEO of Papa John's has a problem with Obamacare -- many franchise operators are planning to cut employee hours to part-time to avoid the health care cost. Betsy McCaughey, author of "Decoding the Obama Health Law," provides perspective.
CNBC's Eamon Javers reports top U.S. General in Afghanistan John Allen is under investigation for emails to Petraeus' friend Jill Kelley; and Jed Babbin, Former Deputy Undersecretary of Defense, weighs in.
President Obama met with labor union and progressive leaders at the White House today. Damon Silvers, AFL-CIO Special Counsel, discusses getting the labor union back in shape, and tax reform. Karen Finney, The Hill and James Freeman, Wall Street Journal, weigh in.
CNBC's Larry Kudlow reports Long Island Power Authority COO Mike Hervey has resigned in the wake of Hurricane Sandy, reports CNBC's Larry Kudlow.
The Tax Policy Center found that if deductions are capped at $25,000, people making more than $1 million or more would see a tax increase of $97,000, reports CNBC's Robert Frank. The Middle Class would see little to no change in their taxes.
Dallas Fed President Richard Fisher told Larry Kudlow if the worst happens and the nation goes over the fiscal cliff, he doesn't see the Fed providing a backstop.
They criticized his plan only last week, but now top Democrats are suggesting that Mitt Romney's plan to stem the fiscal cliff may be best for America.
Most times in American politics, optimists win, and pessimists lose. In this election, I believe Mitt Romney is the optimist, and Barack Obama is the pessimist. It’s Romney’s election to win.