Dec 09 Good Ideas to Save the Economy Can Have Bad Unintended Consequences By Elizabeth Shell Name: Fred Damato Question: Would this work to jump start the economy? Give all citizens (with incomes up to $250,000) the option to withdraw some or all of their retirement savings tax free if they pay all cash for a… Continue reading
Dec 09 Senate to Consider Tax Cuts, DREAM Act in Day Packed With Votes Supporters of the DREAM Act recite the Pledge of Allegiance at the Capitol on Wednesday. The bill would allow a path to citizenship for children who entered the country illegally. Photo by Bill Clark/Roll Call. The Senate… Continue reading
Dec 08 Full Scale White House Push Underway to Rally Support for Tax Cut Deal Continuing their full-scale push to build support for President Obama's tax and spending compromise, top White House officials went before a roomful of reporters this afternoon for an off-camera session to defend the plan. White House senior adviser David… Continue reading
Dec 08 Watch News Wrap: House Democrats Push $1.2 Trillion Government-Funding Plan In other news Wednesday, House Democrats moved to fund the government for the rest of the fiscal year to the tune of $1.2 trillion. The measure would freeze the budgets of most Cabinet departments. Continue watching
Dec 08 Looking To the Past To See the Future: More Anxiety May Await Us By Elizabeth Shell Name: Sophia Shelko Question: What does the future hold for people that have lost or have been victims of this economic crisis? An example: those who faced foreclosures of their homes and had their credit ruined. Paul Solman: If the… Continue reading
Dec 08 Opposition to Tax Cut Deal Forms Unusual Alliances on Capitol Hill Sen. Bernie Sanders, I-Vt., speaks to reporters Tuesday on Capitol Hill. Sanders has threatened to filibuster the deal on extending Bush-era tax cuts. Photo by Brendan Smialowski/Getty Images. The tax cut deal reached by President Obama and congressional… Continue reading
Dec 07 On Tuesday's NewsHour: Tax Cut Plan, WikiLeaks' Woes, Cuba Dispatch TAX CUTS: President Obama used a White House news conference Tuesday to make the case for the tax cut compromise he brokered Monday. Jeffrey Brown talks to economist and New York Times columnist Paul Krugman and Stephen Moore of the… Continue reading
Dec 07 Watch Ireland's Woes: Onetime Celtic Tiger Now 'Nation of Beggars' Ireland's finance minister announced severe budget cuts Tuesday as its economy reels from a real estate boom and bust that have left the country with massive debt. Emma Alberici reports from Dublin for the Australian Broadcasting Corporation. Continue watching
Dec 07 House Dem Leader Withholds Support for Obama Tax Cut Deal An unusual standing-room-only crowd of reporters gathered for House Democratic leader Steny Hoyer's weekly off-camera press session Tuesday morning. Overnight, some House Democrats reacted angrily to news of President Obama's compromise deal with congressional Republicans to allow tax cuts… Continue reading
Dec 07 Patchwork Nation: How Tax Cuts Play Out County by County As the debate over extending the Bush-era tax cuts plays out in Washington, an important element is being left out of the debate - geography. This tax cut debate has a similar sound to others in Congress. Republicans back extending… Continue reading