December 3, 2012 Brinkmanship has long been a mainstay in Washington politics, and so it is still. Which is why it might be too early to give up hope that President Obama and congressional Republicans can reach a "fiscal cliff" deal despite how far apart the sides were Monday.
December 3, 2012 Republicans want to raise revenue by closing loopholes in the tax code instead of by raising rates. But tax breaks like the charitable deduction and the mortgage interest deduction come with interest groups willing to fight tooth and nail for them.
December 3, 2012 Mitt Romney may have lost the election, but the tax policy he floated is sticking with congressional Republicans. Rather than raising rates, the GOP would prefer to shrink or eliminate deductions. So what would that do to the deficit — and to the middle class?
December 2, 2012 Despite differences with Republicans on spending cuts and revenue increases, the treasury secretary said the two sides were "moving closer together" on a solution for deficit reduction. House Speaker John Boehner said he did not share that optimistic assessment.end-of-year deadline
November 30, 2012 Increasing tax rates for the well-off has become a sticking point in negotiations over avoiding the combination of tax hikes and spending cuts scheduled to take effect Jan. 1. Business experts disagree about how much of an effect it would have on economic growth.
November 30, 2012 As more boomers age at home, they will need aides to care for them. According to the Bureau of Labor Statistics, employment for home health aides is expected to grow by 69 percent by 2020 — much faster than the average for all jobs. And many see legal immigrants as vital to filling those jobs.
November 30, 2012 Many in the Northeast and Mid-Atlantic couldn't get to stores and were out of work for at least a short time because of the destruction Sandy wrought. That dampened spending and cut into incomes.
November 30, 2012 As political leaders try to reach a deal to avoid automatic spending cuts and tax increases at the year's end, income tax rates are a major sticking point. President Obama wants to raise taxes for some; Republicans don't want any hikes. But if nothing is done, rates could go up across the board.
November 29, 2012 The Pew Research Center reports that the U.S. birth rate has hit its lowest level ever, led by a dramatic decline among the foreign-born. The birth rate for Mexican women fell the most, down a stunning 23 percent since the recent recession began in 2007.