By: Dave Eberhart
Backtracking on a firm and fast campaign promise, President Barack Obama now says he is “agnostic” about raising taxes on households making under $250,000 a year, including the idea in the general tool bag needed to lower the nation’s crippling deficit.
In an interview with Bloomberg Business Week that hit newsstands Friday, Obama declared [...]
By George Parker and Lionel Barber
Gordon Brown said on Wednesday the world’s leading economies were close to agreeing a global bank tax, amid hopes in Downing Street that a deal can be concluded at the G20 summit in Canada in June.
Mr Brown believes that opinion has shifted decisively in favour of a globally co-ordinated tax [...]
Monday, 01 Feb 2010 02:44 PM
While President Barack Obama is proposing to cut some taxes for companies that hire workers, his budget would raise a host of other taxes on businesses and wealthy individuals.
Obama’s budget would extend his signature Making Work Pay tax credit — $400 for individuals, $800 for a couple filing jointly — [...]
By Noel Sheppard
January 17, 2010 – 01:25 ET
Former Barack Obama supporter Jim Cramer on Friday said the stock market would have a huge rally if Scott Brown defeats Martha Coakley in Tuesday’s special senatorial election in Massachusetts.
“I think investors who are nervous about the dictatorship of the Pelosi proletariat will [...]
By George Russell
The World Health Organization (WHO) is considering a plan to ask governments to impose a global consumer tax on such things as Internet activity or everyday financial transactions like paying bills online.
Such a scheme could raise “tens of billions of dollars” on behalf of the United Nations’ public health arm from a broad [...]
By Jonathan Burton
SAN FRANCISCO (MarketWatch) — Knowing that there can be too much of a good thing, many investors are wary about how stock and bond markets this year will follow their remarkable 2009 surge.
One thing’s for sure: This year won’t be like the last.
“We’re not going up 65% in the first nine [...]
Tuesday, 12 Jan 2010 03:48 PM
The Federal Reserve Bank of New York faces a congressional subpoena into bailout decisions made under the leadership of now-Treasury Secretary Timothy Geithner.
Rep. Edolphus Towns, D-N.Y., said Tuesday he will subpoena the New York Fed for documents related to the bailout of failed insurer American International Group Inc. Towns chairs [...]
By Ian Swanson – 01/12/10 09:44 AM ET
U.S. Chamber of Commerce President Tom Donohue warned the U.S. faces a double-dip recession because of the taxes and regulations under consideration by the Democratic Congress and President Barack Obama.
“Congress, the administration and states must recognize that our weak economy [...]
Friday, 08 Jan 2010 07:15 PM
WASHINGTON – He says “the buck stops with me,” but nearly a year into office President Barack Obama is still blaming a lot of the nation’s troubles — the economy, terrorism, health care — on George W. Bush.
Over and over, Obama keeps reminding Americans of the mess he [...]
Tuesday, December 29, 2009
Last week, the FBI issued its preliminary 2009 crime report, showing that the number of murders in the first half of 2009 decreased 10 percent compared to the first half of 2008. If the trend holds for the remainder of 2009, it will be the single greatest one-year decrease in the number [...]