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Surprise! Your Tax Burden Is Lighter Than You Think

With all the talk about taxes and whether we should lower them, you'd think that the citizens and corporations of the United States face steep tax rates. You'd be wrong, though. When it comes to taxes, things are not as they appear.

What's Going On With Next Year's Federal Budget?

It has been a long, confusing summer for the federal budget: The FAA shutdown, the debt ceiling crisis, the Deficit "Supercommittee." But all of that was just prelude to the battles ahead over the 12 major appropriations bills to fund the government's "discretionary" spending.

Regulators May Hit American Airlines With $25 Million Penalty

Regulators are considering hitting American Airlines (AMR) with a record penalty of $25 million or more for safety violations, The Wall Street Journal said. The fine relates to problems discovered in 2008, when improperly fixed electric wiring around landing gear forced American to ground its fleet of 300 McDonnell Douglas MD-80 jets for several days, The Wall Street Journal reported without naming its sources.

Boeing 787 Delays: Prepare for the Next Missed Deadline

It has been just over three years since the media first saw the shell of the 787 Dreamliner, and since then, Boeing has missed deadline after deadline with plane. Now looks poised to miss another. But will this be the aircraft's last delay?

Smoother flying for passengers in 2009

Airline passengers complained less about flying last year, but less people flew as people spent less, according to a new study. The study, sponsored...

Raised Security Lifts Many Stocks

The recent foiled terrorist attempt to blow up a Northwest Airlines Detroit-bound jet on Christmas Day quickly led to new travel restrictions and heightened security measures. While airline stock prices immediately dropped on the news, shares of companies that make airport security devices such as OSI Systems (OSIS) and ICx Technologies (ICXT) enjoyed a rally on Monday and Tuesday.