archive

Wednesday, October 24, 2012

Business

Mortgage Interest Deduction Could Be In Play

About 34 million taxpayers take the mortgage interest deduction, for a typical savings of approximately $600 a year.

October 24, 2012 Both President Obama and Mitt Romney have suggested ways to scale back the deduction's value for wealthy taxpayers. It's one of the keys to helping reduce the federal budget deficit, but the real estate industry says the housing market is too fragile to eliminate the tax break altogether.

Summary

Monday, October 22, 2012

Business

Can U.S. Still Lead In Economic And 'Soft' Power?

A Ford Focus on the assembly line in Wayne, Mich. "We have a lot going for us; we've got our problems, but others have problems that are as bad or worse," says Nariman Behravesh, chief economist at IHS Global Insight.

October 22, 2012 When the presidential candidates hold their final debate Monday night, this one on foreign policy, they'll likely be asked to define their vision of America's role in the world. As the wars in Iraq and Afghanistan wind down, that role may shift back to economic and cultural leadership, scholars say.

Summary

Friday, October 19, 2012

Your Money

Investors' Funds Are Recovering, But Not Their Nerves

The Dow Jones industrial average dropped more than 500 points on Oct. 19, 1987, in the stock market crash known as Black Monday.

October 19, 2012 Retirement accounts have finally recovered the ground they lost when the stock market started crashing in 2008. But they have lost five years' worth of gains. So millions of small investors are doubting the old adage "invest for the long haul."

Summary

Tuesday, October 16, 2012

The Two-Way

Citigroup CEO's Exit Leaves Wall Street Scratching Its Head

Vikram Pandit on the floor of the New York Stock Exchange on in June.

October 16, 2012 An immediate resignation is "not the way boards do things," one analyst said about the confounding news.

Summary

Economy

5 Questions 'Real' People Might Ask At The Debate

An audience member holds up his hand at a Mitt Romney town hall meeting in Dayton, Ohio, in March. Audience members will be allowed to ask questions at the second presidential debate, being held Tuesday night in Hempstead, N.Y.

October 16, 2012 With the election just three weeks away, many voters are still scratching their heads, wondering what exactly the candidates would do to improve the economy. Audience members at Tuesday night's presidential debate could focus on economic topics such as home prices, gasoline, wages, exports and jobs.

Summary

Thursday, October 11, 2012

Business

Beep If You Understand Veep Buzzwords

Wind turbines dwarf a church near Wilson, Kan. The White House wants to extend a federal wind energy credit, but the Romney campaign wants to let it expire.

October 11, 2012 The vice presidential debate is bound to feature lots of budget buzzwords. They may be shorthand for policies that could have huge impacts on taxpayers and the annual $1 trillion budget deficit.

Summary

Wednesday, October 10, 2012

The Two-Way

JPMorgan Chase CEO: 'I Should Have Caught' $5.8 Billion Error

October 10, 2012 But Jamie Dimon also said mistakes are a part of capitalism.

Summary

Friday, October 05, 2012

Economy

One Jobs Report, Two Different Political Spins

Democrats say the economy is growing and jobs consistently are being added. But Republicans note that the pace is far too slow to absorb the more than 12 million people still looking for work.

October 5, 2012 In September, employers added 114,000 workers and the unemployment rate fell to 7.8 percent. As President Obama notes, job growth is steady. But as his rival Mitt Romney points out, job increases have not kept pace with population growth.

Summary

Wednesday, October 03, 2012

Election 2012

Before The Debate, Brush Up On Buzzwords

The General Motors headquarters in Detroit. The U.S. government bailout of GM and Chrysler has been a key economic issue in the presidential campaign.

October 3, 2012 This first presidential debate will focus on domestic issues, with the economy topping the list of homefront problems. Here are three economic terms likely to come up in the debate.

Summary

Monday, October 01, 2012

The Two-Way

Report: If Congress Ignores 'Fiscal Cliff,' Most Americans Will Pay More Taxes

In this Nov. 19, 2011 fie photo the U.S. Capitol building is seen in Washington.

October 1, 2012 According to a new analysis by the Urban-Brookings Tax Policy Center, it could cost the average household nearly $3,500 a year.

Summary

Wednesday, September 26, 2012

The Two-Way

Freddie Mac Didn't Harm Homeowners, Inspector General Says

September 26, 2012 A federal Inspector General's report says there is no proof that Freddie Mac "obstructed homeowners' abilities to refinance their mortgages" to boost profits at the government-sponsored enterprise. Some of Freddie's investments rise when homeowners remain stuck in high-rate loans.

Summary

Tuesday, September 25, 2012

Economy

Two Plans For Fixing The Economy, But Few Details

Job seekers fill out applications Aug. 21 at a construction job fair in New York. Polls show voters want the presidential candidates to provide more details on how they would reduce unemployment, change tax policy and alter government spending.

September 25, 2012 Neither President Obama nor Republican challenger Mitt Romney has offered many specifics on how to fix the economy. But economists say that, based on what we do know, the candidates offer very different visions for spurring growth.

Summary

Thursday, September 20, 2012

U.S.

'Fiscal Cliff' Scenarios Leave Economists On Edge

Economists hope lawmakers can avert a "fiscal cliff" after November's election, but what if Congress runs out of time?

September 20, 2012 We've heard the warnings of a looming economic disaster if Congress fails to avert a "fiscal cliff" by the end of the year. Economists hope lawmakers will act after November's election, but what if Congress runs out of time?

Summary

Thursday, September 06, 2012

Business

Stocks Get Bounce From Europe; Focus Turns To Jobs

Traders on the floor of the New York Stock Exchange on Aug. 9. Economic developments on both sides of the Atlantic could have a big impact on the U.S. presidential election.

September 6, 2012 As Europe's Central Bank announced the latest plan to deal with the Continent's debt crisis, markets on both sides of the Atlantic rallied. Now investors are turning their focus to Friday's U.S. unemployment report, searching for signs that the job market is strengthening.

Summary

Friday, August 31, 2012

U.S.

Gas Prices Expected To Retreat As Isaac Fades

A man fills his gas tank Wednesday in Lyndhurst, Ohio. Gas prices surged as Isaac approached, but are expected to ease after Labor Day.

August 31, 2012 With the remnants of Isaac dissipating, economists are saying the storm's national economic impact will be relatively muted and short-lived. After the Labor Day weekend, gasoline prices are expected to begin easing down from their storm-related run-up.

Summary

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