archive
Business
Mortgage Interest Deduction Could Be In Play
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.
Business
Can U.S. Still Lead In Economic And 'Soft' Power?
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.
Your Money
Investors' Funds Are Recovering, But Not Their Nerves
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."
The Two-Way
Citigroup CEO's Exit Leaves Wall Street Scratching Its Head
October 16, 2012 An immediate resignation is "not the way boards do things," one analyst said about the confounding news.
Economy
5 Questions 'Real' People Might Ask At The Debate
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.
Business
Beep If You Understand Veep Buzzwords
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.
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.
Economy
One Jobs Report, Two Different Political Spins
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.
Election 2012
Before The Debate, Brush Up On Buzzwords
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.
The Two-Way
Report: If Congress Ignores 'Fiscal Cliff,' Most Americans Will Pay More Taxes
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.
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.
Economy
Two Plans For Fixing The Economy, But Few Details
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.
U.S.
'Fiscal Cliff' Scenarios Leave Economists On Edge
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?
Business
Stocks Get Bounce From Europe; Focus Turns To Jobs
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.
U.S.
Gas Prices Expected To Retreat As Isaac Fades
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.