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 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 19, 2012 The White House and Congress continue to work on a deal that avoids the fiscal cliff and cuts deficits in the long run. President Obama wants to raise tax rates for the wealthy. Republicans want to raise revenue by closing loopholes and limiting deductions for high-income people. But could that raise enough money?
November 12, 2012 A second term means some new Cabinet appointments for President Obama, including at Treasury. After four pretty grueling years, Secretary Timothy Geithner has made it clear he will be leaving Washington, but who will replace him? Erskine Bowles and Jack Lew are two names that are mentioned.
November 9, 2012 Post-election Washington is buzzing with talk of compromise and cooperation. Republicans and Democrats want to avoid a looming budget and economic disaster, and their leaders say they're ready to get to work. But some budget experts say it may be necessary to go over the fiscal cliff to reach an agreement.
November 8, 2012 With the election over, attention in Washington has turned to the nation's debt and deficit challenges — most immediately $600 billion worth of expiring tax breaks and automatic spending cuts. Both the president and congressional leaders are signaling a willingness to work together to avoid a fiscal disaster.
October 19, 2012 While pundits clamor to predict the outcome of the presidential election, they would be hard pressed to beat the record of betting markets. It's illegal for Americans to bet on the outcome of an election, but there are several "prediction markets" where they can put money down on a candidate.