Calif. Bill Attacks Walmart's Billion-Dollar Benefits Subsidy
Walmart's low-wage and low-benefit model costs U.S. taxpayers billions of dollars a year, a new congressional report reveals. Now, California is pushing back.
Democratic Party
Will the Bank's Word Be Law? Citi Drafts Reform Rollback Bills
Big banks seeking to roll back financial reform have returned to lawmakers' good graces -- not just Republicans who always opposed the regulations, but many Democrats, too.
White House Seeks Marketing Medicine for Health Care Overhaul
How do you show average Americans that one of the most complex and controversial government programs ever devised is a good deal for them? With the science of mass marketing.
House Passes Budget, Averts Government Shutdown
The House has passed a huge stopgap spending bill to keep the government open through the end of September, sidestepping any threat of a government shutdown.
Tax Bills for the Rich Approach 30-Year High
With Washington gridlocked again over whether to raise their taxes, it turns out wealthy families already are paying some of their biggest federal tax bills in decades even as the rest of the population continues to pay at historically low rates.
White House Details Budget Cut Fallout State By State
The White House has detailed the potential fallout in each state from budget cuts set to take effect at week's end, while congressional Republicans and Democrats keep up the sniping over who's to blame.
Obama Agenda Will Confront GOP On Debt
Deficit spending got just a single mention in President Obama's inaugural address. But the outcome of the the long-running conflict with Republicans over his tax-and-spend policies will help shape the government's role in coming years, not to mention Obama's legacy.
House GOP Blinks in Debt Ceiling Standoff: Vote Set for Next Week
The Republican-controlled House will vote next week to permit the government to borrow more money to meet its obligations, a move aimed at heading off a market-rattling confrontation with President Barack Obama over the so-called debt ceiling.
Fiscal Cliff Deal Leaves Much of the Budget Crisis Still Hanging
The fiscal cliff compromise on taxes leaves critical issues of borrowing, spending and budget cutting unaddressed, and lawmakers have given themselves only two months to settle their differences. Here's a look at what's been resolved and what they left hanging.
Done Deal: Fiscal Cliff Bill Passes the House
A weary House of Representatives passed legislation late Tuesday night that will prevent the long-feared fiscal cliff of broad tax increases and spending cuts. The bill's passage on a bipartisan 257-167 vote sealed a hard-won political triumph for President Barack Obama.
New Year's Reprieve: Senate Passes Fiscal Cliff Deal in Post-Midnight Vote
The Senate passed legislation early New Year's Day to neutralize a fiscal cliff combination of tax increases and spending cuts that kicked in at midnight. The pre-dawn 89-to-8 vote set the stage for a final showdown in the House, where a vote was expected later Tuesday or perhaps Wednesday.
Obama, Boehner One Step Closer on Fiscal Cliff Compromise
Just two weeks before the economy-threatening "fiscal cliff" is due to kick in, both President Barack Obama and House Speaker John Boehner are making significant concessions to each other, backing off what had once been ironclad positions on how to avoid the huge automatic spending cuts and tax increases.
Fiscal Cliff Talks Appear to Be Stalled
Despite an intensifying pace, little progress is being reported in talks on averting automatic spending cuts and tax increases that economists fear could send the U.S. economy off a "fiscal cliff."
Private Equity Can Do Good, Says Clinton on Romney's Bain Career
President Obama has made assailing Bain Capital a centerpiece of his campaign against Mitt Romney, the private equity firm's former CEO. But former President Clinton isn't on board with that line of attack.
Americans Deeply Divided Over Tax-Cut Extensions
While most people support extending at least some of the George W. Bush-era tax cuts due to expire this year, a new Gallup/USA Today survey finds that Americans are deeply divided on which cuts should continue -- and for how long.
