December 13, 2012 Many people earning more than $250,000 a year — the 2 percent — admit they can afford to pay more in taxes. However, they don't necessarily like the idea, especially when they're made to feel like skinflints even though they're already sending significant sums to Washington.
December 13, 2012 If the tax rate rises for the top 2 percent of wage earners, business owners would generally react by hiring fewer new workers, according to a fundamental Republican argument. But the actual outcome might be a bit murkier, and — in some instances — counterintuitive.
December 13, 2012 The pace of applications for unemployment insurance had accelerated after Superstorm Sandy, which threw many out of work. Now, the trend is back to a rate that signals a slowly improving labor market.
December 13, 2012 Of the 535 members of Congress, not many are in the loop about negotiations to avoid automatic spending cuts and tax increases in the new year. Lawmakers are waiting to see what President Obama and House Speaker John Boehner come up with — and some are nervous about having to quickly vote on a bill despite misgivings.
December 12, 2012 Michigan this week provided more shock treatment for organized labor and, by extension, the Democratic Party. And a lame-duck Legislature showed that elections do have consequences. But in this case, it was the election two years ago — the one that swept out Democrats in key statehouse races.
December 12, 2012 While the storm did not influence the nation's jobless figures as much as expected, there are still thousands of people who are unemployed in Sandy's wake. Many businesses on the East Coast are still making repairs or have closed entirely, leaving many families in limbo.
December 12, 2012 Despite his re-election and bolstered Democratic numbers in Congress, President Obama has far from a free hand to make a comprehensive deal with House Speaker John Boehner that would include cuts to entitlement programs. Strong resistance to that notion is coming from the political left — and with a warning.
December 12, 2012 The central bank's policymakers also said they expect their policies aimed at stimulating growth will remain in effect until the jobless rate drops to 6.5 percent, from the current 7.7 percent.