Republicans Blast Obama's Plan to Sell New Deal Icon
Republicans are blasting Obama's plan to consider selling the Tennessee Valley Authority, an icon of the New Deal long targeted by conservatives/
GOP
Obama to Propose Cuts to Social Security, Official Says
Obama will offer cuts to Social Security and other programs in a budget proposal aimed at swaying Republicans to compromise on a deficit-reduction deal, a source says.
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.
Budget Battle Puts Obama Charm Offensive to the Test
House Republicans are sending mixed signals in agreeing to meet with President Barack Obama for talks over the budget impasse.
GOP Proposal Promises Balanced Budget, Repeal Of 'Obamacare'
The latest Republican budget plan generally resembles prior ones, relying on higher tax revenues enacted in January and improved Medicare cost estimates to promise balance.
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 Presses Congressional Republicans to Avert Sequester
President Barack Obama is urging congressional Republicans to accept more tax revenue in order to avert the sequester -- an $85 billion, across-the-board budget cut due to take effect March 1 that could derail America's still stuttering economic recovery.
Markets Cautious Ahead of Debt Ceiling Vote
Stock markets traded cautiously on Wednesday ahead of a U.S. vote on raising the nation's borrowing limit temporarily. The House is set to vote on a motion to increase the nation's $16.4 trillion borrowing ceiling for three months.
Can Restaurant Sales Predict Who Will Win the Presidential Election?
A recent Los Angeles Times article surveyed the eating habits -- and political affiliations -- of American restaurant goers, which made us wonder: If a restaurant chain's sales are booming, are the politics it's associated with gaining favor too?
How Conservatives Are Making Life Harder for U.S. Businesses
Republicans tout themselves as friends of business. Yet when it comes to many of industry's top priorities, the GOP's tea party lawmakers and far-right lobbying groups are putting roadblocks in the way of legislation that U.S. businesses really want to see passed.
Get Ready to Pay Thousands of Dollars More in Taxes
Lawmakers have gotten in the habit of waiting until the last minute to extend many tax breaks, but last year, they ran out of time. Now, unless Congress acts soon, millions of Americans are face changes that could leave them sending thousands of dollars a year more to the IRS.
How Buffett's Plan Cuts Taxes for Some of the Wealthy
In the political battle over taxes, Warren Buffett has been cited often -- both as an example of the country's unbalanced tax code and for his popular plan to boost taxes on the rich. There's just one thing: His plan would leave many of them paying less.
Even With Buffett Tax, Middle Class May Still Get Hit
Warren Buffett's tax proposal would put the bite on America's wealthy: Those who make $1 million or more would pay 30%, while those who make more than $10 million would pay 35%. But even if it passed, experts say balanced budgets will require sacrifices across the board.
9-9-9, Take 2: Cain's Revamp Still Stings Middle Class
GOP presidential candidate Herman Cain unveiled several major changes to his popular 9-9-9 tax plan on Friday. The former Godfather's Pizza CEO even announced that those below the poverty line would pay no income taxes. But the middle class won't find much relief in Cain's fleshed-out plan.