government

Is Bernanke Calling it Quits?

Ben Bernanke is intensifying speculation that this year will be his last as Federal Reserve chairman by deciding to skip the Fed's annual August conference in Wyoming.

Congress Tries to Police Itself on Insider Trading

Aware that most Americans would like to dump them all, members of Congress hope to regain some sense of trust by subjecting themselves to tougher penalties for insider trading and requiring they disclose stock transactions within 30 days.

More People Like Their Banks Than the Government

Despite the din from the Occupy Wall Street crowd, not everybody dislikes financial institutions -- at least, not their own. A new poll shows a much higher approval rating for our banks than we give to the folks in Washington.

Apple: More Cash Than the U.S. Government?

As the debt ceiling insanity in Washington goes on, all that's certain is that the government is rapidly running low on cash to pay the bills. The amount left is now roughly $73.8 billion -- which sounds like a lot, until you realize that Apple's cash reserves are $2 billion more than that.

State Worker Retirements Are Soaring Across the Country

As wages and benefits shrink, state workers are retiring in droves. On top of all the layoffs, these retirements amount to a huge brain drain of government employees, and the problem is likely to get worse given the yawning budget gaps of states from coast to coast.

New SEC Rule Gives Investors a Vote on Executive Pay

The Securities and Exchange Commission on Tuesday approved a measure that gives institutional shareholders a vote on executive pay at large corporations, part of regulators' efforts to give investors greater say over top-level salaries that have been described as excessive.

Why Interest Rates Keep Rising, Despite QE2

The Federal Reserve is doling out billions to buy bonds in hopes of keeping interest rates low and stimulating the economy. However, several powerful forces are working against that low-rate strategy, ranging from investor psychology to global competition for capital.

Obama to Name New Chief Economic Adviser Friday

President Barack Obama will likely name a new chief economic advisor to replace Lawrence Summers later this week as his administration looks for more effective ways to reduce an unemployment rate that remains near 10%, the Associated Press reported Wednesday.

What the New Tax Law Deal Means for You

After a revolt by unhappy Democrats, the tax bill has finally passed. The Obama tax cut compromise extends Bush-era tax reductions on income, capital gains and dividends through 2012. But there were also some changes. Here's how the tax bill affects you.