Apr 18 How Much Did President Obama Make in 2010? By Elizabeth Shell Editor's Note: The First Family's 2010 tax return was released today and we've pulled out some of the more interesting numbers in a graphic for you. Here's the snapshot: the Obamas reported an adjusted gross income of $1,728,096, about… Continue reading
Apr 15 House Passes Ryan 2012 Budget Proposal A united House Republican conference voted overwhelmingly to pass budget Chairman Paul Ryan's sweeping budget plan that would cut $5.8 trillion in spending over the next ten years, lowering corporate tax rates and transforming Medicare into a voucher system for… Continue reading
Apr 15 Making Sen$e: How Does Investing Create Jobs? By Paul Solman Financial professionals work the phones on the floor of the New York Stock Exchange in New York City. Photo by Chris Hondros/Getty Images. Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days… Continue reading
Apr 15 How Does Investing Create Jobs? By Elizabeth Shell Name: Scott Question: If my company's stock is currently $10 and then in a month goes to $20, how does this doubling show up on a company's balance sheet? And if it does not show up on a firm's balance… Continue reading
Apr 14 Patchwork Nation: ‘Good News’ on Foreclosures Not All Good When is good news not as good as it seems? Well, the foreclosure numbers from the first quarter of 2011 offer a good example. The news seems positive at first blush, as headlines declare declining foreclosure activity: Foreclosure filings hit… Continue reading
Apr 14 House, Senate Pass Bipartisan Budget Deal to Fund Government Update 6:10 p.m. ET | The Senate passed the budget bill late Thursday afternoon, sending the legislation to President Obama's desk for a signature. The 81-19 vote ensures the government will remain funded for the rest of the fiscal year,… Continue reading
Apr 13 Watch News Wrap: Federal Reserve Reports Economic Growth Across U.S. In other news Wednesday, a Federal Reserve report said the U.S. economy improved in every part of the country. In Pakistan, intelligence officials reported U.S. drone aircraft killed six suspected Taliban fighters near the Afghan border. The attacks come two… Continue watching
Apr 13 Watch Unrest in Middle East, U.S. Demand Drive Gas Toward $4 Average As gas prices creep above $4 per gallon in parts of the U.S., a new poll shows two-thirds of Americans say they will cut down on expenses to cope with rising fuel costs. Ray Suarez discusses the effects of higher… Continue watching
Apr 13 Watch Obama Unveils Plan to Save $4 Trillion via Spending Cuts, Tax Reform Obama Aims for $4 Trillion in Deficit Cuts Over 12 Years… Continue watching
Apr 13 Watch Geithner on Potential Deficit Deal: ‘We’re Closer Than People Think’ President Obama spelled out his plan Wednesday for cutting the deficit by $4 trillion over 12 years. Treasury Secretary Timothy Geithner speaks with Jim Lehrer about the president's budget goals and the likelihood of getting cooperation from congressional Republicans. Continue watching