2012 election

Sandy Reminds Us What Election Is About: 2 Very Different Visions

The Federal Emergency Management Agency is doing much of the heavy lifting in the clean up and relief efforts from Hurricane Sandy. But FEMA's also on the front lines for Republican budget cuts. Which puts a key question of next week's election into sharp focus: What kind of federal government does America want?

3 Ways to Beat the IRS in 2013 If America Falls Off the Fiscal Cliff

Tax planning is more complicated than ever now, thanks to the fiscal cliff we're hurtling toward and the tax increases it would bring. And while it's possible that Congress will steer us away from the cliff, if you're in a higher tax bracket, it's time to start doing some contingency planning.

Fiscal Cliff Ahead: The Party's Over for the Payroll Tax Holiday

When pundits talk about the fiscal cliff, they7 usually focus on the damage that'll be caused by the expiring Bush tax cuts and the across-the-board budget cuts. But what you'll probably feel first will be the end of the payroll tax holiday, which will take an instant bite out of your paycheck.

Obama on Personal Finance: First Car Had 'a Big Hole in the Floor'

Mitt Romney's net worth: $200 million. Barack Obama's response to Romney's claim that the president's "out of touch" with the concerns of ordinary Americans: Priceless. "I bought my first car for about $900," said Obama. "It had a big hole in the floor that allowed you to see the road, so I knew my wife wasn't marrying me for my money."

Government Motors: Why Won't D.C. Sell Its GM Stock?

Thanks to TARP loans that saved GM, the Treasury ended up with a major stake in the world's largest automaker, and it still holds 500 million shares -- 32% of the company. Here's the reason it won't be selling them any time soon.

Retail Launches Its Own Job Growth Policy Campaign

With the 2012 election season looming, the retail sector is getting vocally political for the first time. The National Retail Federation has launched "Retail Means Jobs," a year-long, $10 million advocacy campaign designed to push for retail-friendly policies in Washington.

What Middle Class Voters Should Remember in 2012

The U.S. middle class is caught in a vice with falling wages on one side and rising costs on the other. Robert S. Kaplan, author of the business leadership book "What to Ask the Person in the Mirror" suggests five ways that politicians should be responding -- not specific policies, but mindsets that could lead to better ones.

What Obama Really Needs: Robust Income Growth

As much as the market and Corporate America may like what they heard in the president's speech Tuesday night, history shows Obama's reelection in 2012 remains pinned to boosting income growth to at least 3%. Problem is, right now it's running at just 1.4%.

Obama's Business-Friendly Proposals Aim to Quiet His Critics

Recognizing that voters are worried about the economy, President Obama is offering an olive branch to his critics with a $50 billion infrastructure plan and a deal to make the R&D tax credit permanent. Conservatives say it's too little too late, but the game is far from over for the Democrats.