Shaun Donovan, the White House’s director of the Office of Management and Budget, talks to Gwen Ifill about whether President Obama’s budget proposal can find a political middle ground, especially when Democrats say “invest” and Republicans hear “spend.” Continue reading
About 12 million people across the U.S. have money socked away, in most cases by their parents, in special savings accounts meant to be used to pay for college.
President Obama’s new tax code proposal calls for tax increases for higher-income earners and more tax benefits for low- and middle-income earners. Jeffrey Brown learns more from Neil Irwin of The New York Times about what the plan says about the state of the economy and potential political ramifications. Continue reading
President Obama will reportedly unveil a plan to offer tax relief for the middle class during his State of the Union address on Tuesday night. The plan would be paid for by increasing taxes the rich pay on investments and inherited property. For more, Carol Lee of the Wall Street Journal joins Hari Sreenivasan from Washington. Continue reading
President Barack Obama is turning to his biggest television audience of the year to pitch tax increases on the wealthiest Americans and put the new Republican Congress in the position of defending top income earners over the middle class. Continue reading
WASHINGTON — Being uninsured in America will cost you more in 2015.
Today in the Morning Line: Ferguson, elections, polarization, health care and the GOP’s lawsuit were the top five. A 9/11 report, immigration, President Obama’s unpopularity, taxes, and the debt round out the top 10 Top 10 political stories of the … Continue reading
Their to-do list includes keeping the government running into the new year, renewing expired tax breaks for individuals and businesses and approving a defense policy measure that has passed for more than 50 years in a row. They hope to get it all done in two weeks without stumbling into a government shutdown. Continue reading
Casinos have been Atlantic City’s lifeblood. Now, they’re bottoming out at alarming rates — four have already closed this year, leaving thousands unemployed. Economics correspondent Paul Solman explores the gamble that elevated Atlantic City in its prime, and how residents and businesses are trying to cope with its decline as a capital of the gambling industry. Continue reading
The ongoing war on terror has driven a dramatic rise in spending in the name of security. In his new book, “Pay Any Price: Greed, Power, and Endless War,” New York Times investigative journalist James Risen examines the cost — in both treasure and lives. Judy Woodruff sits down with the author to discuss what he calls the new “Homeland Security-Industrial Complex.” Continue reading