President Barack Obama and his wife, Michelle, made $5.5 million last year, largely on sales of his books, and paid nearly $1.8 million in federal income tax, according to the tax return they released Thursday.
Happy Anniversary! Well, sort of. Even for supporters of the American Recovery and Re-investment Act, the one-year anniversary of it being signed into law might not be a time for celebration -- at least not yet.
Vice President Joe Biden asserted in an interview Wednesday that taxpayers have "gotten their money's worth" out of the $787 billion stimulus program that Congress passed during the depths of the recession.
Touting resilience in hurting upstate New York, President Barack Obama said Monday that better economic days are coming thanks to innovation and some help from the government.
Defending a costly plan to revitalize the economy, Vice President Joe Biden on Thursday said the government's sweeping stimulus effort "is in fact working" despite steady Republican criticism and public skepticism.
The White House is being forced to acknowledge the wide gap between its once-upbeat predictions about the economy and today's bleak landscape.
The nation's hospitals will give up $155 billion in future Medicare and Medicaid payments to help defray the cost of President Barack Obama's health care plan, a concession the White House hopes will boost an overhaul effort that's hit a roadblock in Congress.
Well, the Administration can't say "give it time to work" and have some others say "we need another one before this one has had time to do its thing." Talk about creating a box needlessly. And don't you find it curious that the meat of the Stimulus package, the shovel-ready job-creation part of the deal, is due to hit just about in time for the midterm elections?
Contrary to comments made this past weekend by Vice President Joe Biden, President Barack Obama says that the administration did not misread the economic downturn.
I have long thought the oil market got ahead of itself. The recent strength in the price has been due more to the thought economic recovery was close at hand. As I have been writing, I think that the recovery will come, but not today.
The administration isn't the only one that got flattened by the steamroller that has been our economy recently. Unemployment is at 9.5% and some of you might remember I had a bet with a Soleil director it would level at 8.5%. So much for my predictions.
Stocks ended mixed Monday as a dismal jobs report last week and expectations for a gloomy earnings season nagged at the market. But the Dow eked out a gain amid some bargain hunting.
Stocks were under pressure Monday as a dismal jobs report last week and expectations for a gloomy earnings season nagged at the market. But the Dow turned positive as investors took advantage of the selloff and did some bargain hunting.
Stocks briefly pared their losses after a report showed improvement in the service sector.
After the long Independence Day weekend, futures indicated a lower open for Wall Street as second thoughts about the U.S. economy's recovery spooked investors after last week's worse-than-expected nonfarm payrolls numbers.
The worst thing I heard yesterday was the snare-and-delusion proposal announced by Vice President Biden. Apparently, Joe Biden wants to create a new government council to help laid-off autoworkers who are supposed to transition to solar, wind, and biotech industries. Huh? Are you kidding me?
I reported, you voted, and the overwhelming winner of last week's "Call of Shame" is the SEC. You also emailed.
Here's the latest movie parody invoking Bernie Madoff. The folks at ParodyFilms.tv have taken an Oscar favorite and turned it into - well, the title alone...
The last thing we need is another master of the universe who feels like the rules of the moral code do not apply to him, says Jerry Bowyer.
Turnover at the top, presents an unique opportunity and set of challenges for a new leader to deal with, and managing the transition is the first step to ensuring success in any executive role. Fortunately, there's one fairly high-profile transition going on right under our noses, with the new guy and his team set to finally take the reins on Tuesday.