Law Legislation

  • Don't extend Bush tax cuts, David Stockman, the director of Office of Management and Budget under President Reagan, told CNBC.

  • Citigroup Center

    Citigroup executives will meet with financial analyst Mike Mayo, who has fiercely criticized the bank over the past two years, on Oct. 1, Mayo told CNBC Monday.

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    Congress returns this week with embattled Democrats torn between trying to show they have the economic answers and fearing the further wrath of voters over new government programs. It appears the fears will win out.

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    President Obama signaled on Friday that he was close to choosing a director for a new consumer bureau, but an array of top jobs that will be crucial to shaping economic policy and financial regulation for the rest of his term remain unfilled. The NYT reports.

  • Columns and steps

    If all goes well, the world will be a slightly safer place after top central bankers and bank regulators emerge Sunday from meetings in Basel, Switzerland. The New York Times reports.

  • Job seekers wait in line to have their résumés reviewed at the second annual Anaheim/Orange County Job Fair.

    It will take a while to see jobs come back in force after what he described as a “savage” recession, Treasury Tim Geithner told CNBC Wednesday.

  • cost of education

    The for-profit education industry has come out swinging against proposed changes in rules by the Education Department that could curtail government financial aid.

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    "No actor, no product, no sector, no territory should no longer be able to escape sensible and intelligent regulation and supervision," Michel Barnier, the EU Commissioner for financial services, warned in an interview with CNBC.

  • degree and cash

    As for-profit college scrutiny increases, executive compensation at these companies may be worth a look.

  • Uncle Sam and money

    In a Wall Street Journal opinion, former Treasury Secretary Rubin appealed for the reinstatement of the "Death Tax" because more revenue is needed to support government spending (no mention of spending cuts).

  • Donald L. Kohn

    The Fed's efforts to stabilize credit markets during the financial crisis didn't create a "moral hazard" where Wall Street can count on being bailed out, retiring Fed Vice Chairman Donald Kohn told CNBC.

  • US Capitol Building

    The economy is struggling mightily. Some 15 million people remain unemployed. The Federal Reserve has been slow to act and still is not doing much. The Senate has been unable to find the 60 votes needed to pass anything but minor bills. It’s time to start talking about a tax cut.

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    It probably makes sense to convert your old 401 (k) to a Roth IRA  if you think you're going to be in a higher tax bracket later and you have the money to pay the taxes you'll incur with the conversion.

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    Save in flush times, so there’s cash when things head south. That’s the philosophy of Montana Gov. Brian Schweitzer, whose “Big Sky” state has an unemployment rate of 7.3 percent and a budget surplus of $351 million.

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    Once again, many in the auto industry are howling about the latest attempt by the government to push the industry toward better fuel economy. The issue is whether new cars and trucks should come with a "Guzzler Grade" on the new car sticker prices.

  • Steering wheel

    The BBC's bid to keep secret the identity of an anonymous test driver featured on the UK auto-themed TV show "Top Gear" began behind closed doors at the High Court, according to UK wire service the Press Association.

  • Even if the Bush tax cuts for the wealthy—those making over $250,000 a year—are taken away, it doesn’t necessarily mean they’ll be paying more in taxes, according to one tax expert.

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    A major disaster sets the perfect stage for grandstanding. And nothing was more “major” at the time than Hurricane Katrina. Business and government leaders  laid out their dramatic plans to come to the rescue. 

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    It's a tall order to transform New Orleans by 2030, but that's the aim of the city's new master plan—five years after Hurricane Katrina hobbled this historic place and the surrounding Gulf coast region.

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    The Supreme Court ruled that a section of the 1988 federal fraud statute making it a crime to deprive others “of the intangible right of honest services” was unconstitutionally vague, leaving courts that relied on the statute in the lurch, the NYT reports.