If the extension of the Bush tax cuts triggers a market rally, as many expect, investors will likely rush in. But caution is advised: High prices can also mean high risk. Here are some tips from Alan Lancz, director of research at LanczGlobal.com, on how investors can avoid getting burned.
The president bristled at criticism of his compromise with the GOP: "This isn't an abstract debate," the president said. "This is real money for real people that will make a real difference in the lives of the folks who sent us here."
President Barack Obama has cut a deal with Republicans to extend Bush-era tax cuts for two years and unemployment benefits for 13 months. But the plan is already drawing fire from Obama's own liberal supporters.
The Senate failed to pass a bill that would have extended tax cuts for all but the richest Americans on Saturday, falling nine votes short of the two-thirds majority needed. This means that all tax cuts will likely be extended.
President Obama's National Commission on Fiscal Responsibility and Reform couldn't get enough of its members to approve its own recommendations or to find the 14 votes needed to send its proposal to Congress. But don't count out deficit reduction yet.
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.
President Obama's blue-ribbon, bipartisan panel proposed today perhaps the most sweeping spending cuts in U.S. history to prevent the federal budget from careening off a fiscal cliff into never-ending debt. Here's the commission's hit list.
President Barack Obama, who has disagreed with Republican Congress members on whether to extend George W. Bush-era tax cuts for wealthier Americans beyond this year, said Tuesday that he will work with U.S. senators on finding some sort of tax-policy agreement by the end of the year.
If there is one thing that unifies residents of New Jersey in these divisive times, it's property taxes: Everybody hates them. One of the Garden State's chief claims to fame -- besides The Sopranos and The Boss -- is that its residents pay the highest property taxes in the country.
"More food stamps? Or more paychecks?" Former Speaker of the House Newt Gingrich suggests that's how the GOP should couch the national policy debate before the midterm elections. But will it work?
House Democrats may help overrule President Barack Obama by voting to extend George W. Bush-era tax cuts on investment income beyond this year, the Associated Press reported.
According to a Pew Research Center poll, 40% of Americans believe that the expiration of tax cuts for the wealthy would hurt the economy, while only 26% think it would help.
