Congress ducked key issues in its New Year's compromise
WASHINGTON - Kratos Defense & Security Solutions Inc. in July bought a company that makes drones used for military target practice. Then the contractor put further acquisitions on hold.
Local experts say this is likely just the first round.
WASHINGTON - Racing the clock, the White House reached a New Year's Eve accord with Senate Republicans late Monday to neutralize across-the-board tax increases and spending cuts in government programs due to take effect at midnight, according to administration and Senate Democratic officials.
WASHINGTON — Confronted with a revolt among the rank and file, House Republicans abruptly put off a vote Thursday night on legislation allowing tax rates to rise for households earning $1 million and up, complicating attempts to avoid a year-end “fiscal cliff” that threatens to send the econ…
As deadline for a deal approaches, will uncertainty paralyze the economy?
WASHINGTON - It's the scenario that's been spooking employers and investors and slowing the U.S. economy:
Tax break is bad for the economy and it disproportionately benefits the wealthy
WASHINGTON • U.S. Rep. Jo Ann Emerson, of Cape Girardeau, Mo., remarked last week that some of her fellow Republicans compare their no-new-taxes pledge to “milk that has been in the refrigerator too long.”
No one can say for sure what will happen in the next few weeks of negotiations over the fiscal cliff. But the charts below help
explain the current situation. And here are five potential scenarios for how the talks may play out, and what they will mean for
your wallet, federal programs and t…
Warren Buffett is at it again. In yet another traitor-to-his-class op-ed article in The New York Times, America’s second-richest man Monday threw cold water on the notion that higher tax rates would keep wealthy Americans from investing their money.
What if one of your key sources of income was taxed at three times the rate you pay now?
Would it really be so much to ask that President Barack Obama and congressional leaders drop the “Gunfight at the O.K. Corral” act? Couldn’t they just forget the posturing and get to work on a deficit reduction package that includes fixes to everything else looming at the edge of the “fiscal cliff”?
Holiday layaway programs have already seen a big response.