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New Romney tax cuts would cost $3.4 trillion

Posted: February 29th, 2012, 3:03pm MST

Mitt Romney made two big changes to his tax plan last week, and according to a new analysis, they will be very expensive.

Bernanke: Job market 'far from normal'

Posted: February 29th, 2012, 8:34am MST

Federal Reserve Chairman Ben Bernanke headed to Capitol Hill Wednesday to give Congress his semi-annual report on the economy, and what he had to say wasn't exactly rosy.

Economy grew faster at end of 2011

Posted: February 29th, 2012, 6:43am MST

Mar. 29

Uncle Sam wants you to rent out its foreclosed homes

Posted: February 29th, 2012, 4:57am MST

Want to become a landlord in one of the nation's hardest-hit foreclosure neighborhoods? Well, Uncle Sam has a deal for you.

Alaska's oil windfall

Posted: February 29th, 2012, 3:59am MST

Alaska has a big vested interest in high oil and gas prices.

Gas prices spike 8% in February

Posted: February 29th, 2012, 3:24am MST

February has been one heck of a month for American motorists, who have been hit with an 8% spike in the price of gas. And things are expected to get worse during the summer driving season, when gas prices could break their current record.

Fed turns a $2.8 billion profit on AIG bonds

Posted: February 28th, 2012, 3:43pm MST

Remember those pesky mortgage-backed securities the Federal Reserve had to take off AIG's hands at the worst of the financial crisis?

California's Facebook windfall

Posted: February 28th, 2012, 2:15pm MST

Facebook's upcoming IPO could be a golden egg for the Golden State.

Housing settlement details due out this week

Posted: February 28th, 2012, 1:41pm MST

Final details are due out this week in the $26 billion settlement to help struggling homeowners and settle charges of abusive and negligent foreclosure practices, according to President Obama's housing chief.

European banks to soak up more ECB money

Posted: February 28th, 2012, 12:41pm MST

After unleashing a wave of liquidity earlier this year, the European Central Bank is set to offer European banks another chance to soak up billions of euros in cheap loans.

Fewer banks in trouble

Posted: February 28th, 2012, 11:07am MST

The number of banks at risk of failing fell in the fourth quarter, marking the third straight quarterly decline, according to a government report issued Tuesday.

Obama: Auto bailouts worked

Posted: February 28th, 2012, 9:31am MST

President Obama on Tuesday defended his administration's 2009 bailout of the auto industry in a speech to the United Auto Workers union, saying it prevented another Great Depression from hitting the Midwest.

Orders for durable goods plunge most in 3 years

Posted: February 28th, 2012, 9:24am MST

Orders for long-lasting goods plunged in January, as businesses fiercely pulled back on buying new equipment after a special tax treatment expired.

Home prices fell 4% in 2011, lowest since 2002

Posted: February 28th, 2012, 7:24am MST

Mar. 27

Water bills expected to triple in some parts of U.S.

Posted: February 28th, 2012, 6:11am MST

Many consumers could see their water bills double or even triple, as the country attempts to overhaul its aging water system over the next 25 years.

Gas prices climb for 21st day

Posted: February 28th, 2012, 3:09am MST

Gas prices continued to climb on Tuesday, inching closer to $4 a gallon as they rose for the 21st day in a row.

Wall Street fights rule limiting oil speculation

Posted: February 27th, 2012, 2:27pm MST

Wall Street is pushing to stop a new rule that would crack down on speculation in the energy markets, which many blame for contributing to the spike in gas prices.

Strategic oil reserve tap offers only a little relief

Posted: February 27th, 2012, 12:16pm MST

When gas prices climb, as they are now, there's an equivalent surge in talk of tapping the nation's Strategic Petroleum Reserve

Germany backs second Greek bailout

Posted: February 27th, 2012, 11:05am MST

In a widely expected move, German lawmakers approved Monday a politically unpopular second bailout for Greece.

America's oil boom - at a cost

Posted: February 27th, 2012, 9:31am MST

The United States is undergoing an energy boom - but the oil and gas industry says it could be much, much bigger.

8 great fuel-efficient cars

Posted: February 27th, 2012, 4:46am MST

These days, if you're shopping for a new car, you're probably making fuel economy a priority. Here are a few excellent choices.

Debt ceiling fight may come sooner than expected

Posted: February 27th, 2012, 4:27am MST

Remember the bitter debt ceiling debate in Washington last summer? The one that resulted in the first-ever downgrade of the U.S. credit rating?

World Bank to China: Free up your economy or bust

Posted: February 27th, 2012, 4:19am MST

The World Bank and a Chinese think tank have a stern warning in store for China's government: Transition to a freer commercial system, or else face an impending economic crisis.

Gas prices climb for 20th day

Posted: February 27th, 2012, 4:13am MST

Gas prices continued their march toward $4 on Monday, rising for the 20th day in a row.

World Bank to China: Free up or bust

Posted: February 26th, 2012, 7:21am MST

The World Bank and a Chinese think tank will have a stern warning in store for China's government on Monday: Transition to a freer commercial system, or else face an impending economic crisis.

'Double-dip recession inevitable'

Posted: February 24th, 2012, 12:56pm MST

While most economists have stopped worrying that the U.S. will fall into a double-dip recession, one influential economist maintains his position that the nation won't be able to avoid a new downturn.

How the Fed saves the government money

Posted: February 24th, 2012, 12:49pm MST

The Federal Reserve takes a lot of heat from critics for keeping interest rates low. But there's an upside that most people overlook: Low interest rates save the government money.

Why the Fed can't fix housing

Posted: February 24th, 2012, 9:23am MST

Housing is still one of the biggest drags on U.S. economic growth, but don't look to the Federal Reserve for help. The central bank may have few tools left to fix it.

How prescription drug abuse costs you money

Posted: February 24th, 2012, 7:51am MST

One study puts the overall economic cost of painkiller abuse at more than $70 billion a year. Pill addicts who shop around for doctors to score prescriptions cost insurers $10,000 to $15,000 apiece. The toll in lost productivity: $42 billion. The criminal justice bill: $8.2 billion. It all adds up.

Why the mortgage settlement is a fair deal

Posted: February 24th, 2012, 4:09am MST

Shaun Donovan is the Secretary of the U.S. Department of Housing and Urban Development.

Gingrich's $2.50 gas promise

Posted: February 24th, 2012, 3:50am MST

Gas prices are on the rise, and so like clockwork, a cadre of politicians are now selling the promise of lower prices at the pump.

Michigan's incredible shrinking workforce

Posted: February 24th, 2012, 3:38am MST

As the presidential race moves to Michigan for next week's primary, a lot of focus is on the state's economy -- one of the hardest-hit by the recession.

35,000 Postal Service jobs on the chopping block

Posted: February 23rd, 2012, 4:06pm MST

The U.S. Postal Service announced on Thursday new plans to consolidate or close 223 mail processing plants, putting 35,000 jobs at stake starting in late May or June.

3 of 4 GOP candidates would add to deficits

Posted: February 23rd, 2012, 11:58am MST

Newt Gingrich's economic plan would do a lot of things. But reducing the debt and balancing the federal budget aren't among them.

The corporate tax myth

Posted: February 23rd, 2012, 11:39am MST

U.S. corporations pay one of the highest tax rates in the world. There's little debate about that.

The corporate tax 'shell game'

Posted: February 23rd, 2012, 8:30am MST

It sounds great.

Jobless claims stick at nearly four-year low

Posted: February 23rd, 2012, 6:43am MST

First-time claims for unemployment benefits were unchanged -- at a relatively low level -- last week, in another sign of strength for the U.S. economy.

Gas price surge: Up 10% this year

Posted: February 23rd, 2012, 6:38am MST

Gas prices are surging, and quickly headed toward $4 a gallon, as growing tensions over Iran sparks a run-up in oil prices.

Hydrogen fuel cell vehicles join the Army

Posted: February 23rd, 2012, 4:26am MST

The United States Army is looking at hydrogen fuel cell vehicles hoping that sometime in the near future they'll play some important military roles, maybe even on the battlefield.

Congress is killing the recovery

Posted: February 23rd, 2012, 3:46am MST

Since the economy dropped off a cliff in 2008, members of Congress have not exactly been shy about casting blame for no-or-slow growth on a variety of bureaucrats, outside institutions and Wall Street power players.

How to save U.S. manufacturing jobs

Posted: February 23rd, 2012, 3:36am MST

Howard Wial is a fellow for the Brookings Institution Metropolitan Policy Program.

Fear of Iran is inflating gas prices

Posted: February 23rd, 2012, 3:16am MST

Tensions with Iran are adding at least 30 cents to a gallon of gasoline in the United States, and experts say gas prices have only just begun to rise.

Mitt Romney's plan to cut your taxes

Posted: February 22nd, 2012, 11:36am MST

In a switch to a more aggressive tax plan, Mitt Romney said Wednesday that he now favors cutting marginal tax rates for individuals by 20%.

Obama: Slash corporate tax breaks

Posted: February 22nd, 2012, 10:00am MST

After more than a year in the making, the Obama administration on Wednesday released its plan to overhaul the corporate tax code.

Consumer bureau targets overdraft fees

Posted: February 22nd, 2012, 8:10am MST

The new consumer bureau said Wednesday that it plans to target a kind of bank fee that makes customers see red: Overdraft protection penalty fees on checking accounts.

Fannie, Freddie legal fees: $110 million and counting

Posted: February 22nd, 2012, 4:10am MST

A watchdog agency said Wednesday that the legal tab for former leaders of mortgage finance giants Fannie Mae and Freddie Mac is at least $110 million.

Economy in recovery? Not so fast

Posted: February 22nd, 2012, 3:51am MST

Employers are hiring, manufacturing is revving up and stocks are rallying. It looks like the recovery could finally be taking hold.

Chris Christie to Warren Buffett: Just 'shut up'

Posted: February 21st, 2012, 5:26pm MST

Outspoken New Jersey Gov. Chris Christie had some rather harsh words for billionaire investor Warren Buffett on Tuesday.

Doctors accepting local currencies

Posted: February 21st, 2012, 3:27am MST

When a doctor spotted a lump on Alisha McNamara's lungs earlier this year, she and her husband Michael started panicking.

A third-party deficit hawk for president?

Posted: February 20th, 2012, 2:25pm MST

In the not-so-distant past, a crusading third-party presidential candidate ran a grass-roots, national campaign on a platform of fiscal responsibility and balanced budgets.

Ron Paul's Silicon Valley backer

Posted: February 20th, 2012, 10:08am MST

Silicon Valley renaissance man Peter Thiel donated another $1.7 million in January to a super PAC that backs Ron Paul, according to disclosure documents filed Monday.

Manufacturing: Not a magic pill for the economy

Posted: February 20th, 2012, 9:32am MST

Michael W. Klein is a professor at Tuft University's Fletcher School and a Non-Resident Senior Fellow in Economic Studies at The Brookings Institution. Klein recently served as chief economist for the Office of International Affairs at the U.S. Treasury in the Obama Administration.

China eases bank restriction to boost growth

Posted: February 18th, 2012, 1:01pm MST

China's central bank said it would cut the amount banks must hold in reserve, a step toward boosting lending and maintaining strong economic growth.

White House predicts 2 million more jobs in 2012

Posted: February 17th, 2012, 2:07pm MST

The United States economy is on the road to recovery, the White House said Friday, with stronger job growth expected this year.

Postal Service seeks 50-cent stamps

Posted: February 17th, 2012, 2:06pm MST

A nickel boost in the first-class stamp price to 50 cents is part of the U.S. Postal Service's latest plan to stop bleeding red ink.

Bringing 'political intelligence' out of the shadows

Posted: February 17th, 2012, 10:17am MST

It should be a no-brainer: a popular bill with bipartisan support that bans insider trading by members of Congress.

Rising gas prices drive inflation

Posted: February 17th, 2012, 6:44am MST

Mar. 16

How the candidates' tax plans stack up

Posted: February 17th, 2012, 3:27am MST

Pretty much everyone in Washington agrees that the tax code is complicated, inefficient and -- in general -- a major drag.

Business tax breaks booted from payroll deal

Posted: February 17th, 2012, 3:17am MST

The last legislative freight train is about to leave the station, and a set of expired business tax breaks that regularly get extended are being left on the platform.

Congress restructures unemployment benefits

Posted: February 16th, 2012, 3:44pm MST

The 99ers? Call them the 73ers.

Is China faking its economic growth?

Posted: February 16th, 2012, 1:28pm MST

Influential short-seller Jim Chanos is still on a China rampage.

Santorum's charitable donations lag rivals

Posted: February 16th, 2012, 1:16pm MST

White House hopeful Rick Santorum lags behind both his 2012 competitors and wealthy Americans in general when it comes to charitable giving, according to tax documents.

Still fighting over GM's bailout

Posted: February 16th, 2012, 1:04pm MST

The debate over the 2009 federal bailout of the U.S. auto industry heated up this week, as General Motors reported a record profit.

Debt collectors, credit agencies get new scrutiny

Posted: February 16th, 2012, 10:18am MST

For the first time in history, debt collectors -- the guys who hound you over unpaid bills -- are about to get a tough federal regulator scouring their own books.

Jobless claims plunge

Posted: February 16th, 2012, 6:47am MST

Jobless claims plunged last week to a nearly four-year low, in the latest bit of good news for the U.S. economy.

Desperately seeking Americans for factory jobs

Posted: February 16th, 2012, 3:26am MST

U.S. factories are creating many new jobs. But owners are hard pressed to find skilled American workers to fill them.

States use mortgage deal money to plug budget holes

Posted: February 16th, 2012, 3:14am MST

States are getting $2.5 billion from the national mortgage settlement, but not all of that money is going to help troubled homeowners.

Buffett Rule: Not ready for prime time

Posted: February 15th, 2012, 8:28am MST

The Buffett Rule makes for great stump speeches in an election year. But as tax policy it leaves much to be desired.

Five tax breaks Washington has given the rich

Posted: February 15th, 2012, 3:30am MST

The nation's tax policy has helped the rich keep more of their income. But the middle class isn't taking advantage of the same benefits.

Obama wants cheaper pennies and nickels

Posted: February 15th, 2012, 3:20am MST

The U.S. Mint is facing a problem -- especially during these penny-pinching times. It turns out it costs more to make pennies and nickels than the coins are worth.

Tax cut talks: What's at stake

Posted: February 14th, 2012, 3:12pm MST

The current Congress has a habit of lurching from crisis to crisis, usually reaching a deal to avoid the unpleasantness du jour just before time runs out.

Obama corporate tax reforms out next week

Posted: February 14th, 2012, 12:16pm MST

President Obama's plan to reform the corporate tax system will come out next week, Treasury Secretary Tim Geithner told a Senate panel Tuesday.

Romney: U.S. should sell GM stake

Posted: February 14th, 2012, 10:21am MST

Should the U.S. government sell its shares in GM?

Where the candidates stand on China

Posted: February 14th, 2012, 7:59am MST

The man who's likely to be China's next leader will tour the United States this week, just as the campaign rhetoric is heating up on China.

Consumers holding back, especially on car deals

Posted: February 14th, 2012, 6:45am MST

Mar. 13

Obama budget fails to tackle entitlements

Posted: February 14th, 2012, 3:24am MST

Independent deficit hawks -- as opposed to the political ones seeking votes -- gave mixed reviews to President Obama's 2013 budget proposal.

Obama's budget: Where it cuts

Posted: February 13th, 2012, 3:49pm MST

President Obama released a budget Monday that moves the country a tiny bit closer to sound fiscal ground.

Volcker defends namesake rule against banks

Posted: February 13th, 2012, 1:44pm MST

The namesake of the so-called Volcker rule defended the policy in a letter to the Federal Reserve on Monday, and criticized banks for lobbying against it.

Which states are the richest?

Posted: February 13th, 2012, 11:27am MST

When Indiana governor Mitch Daniels announced a budget surplus for the latest fiscal year, the windfall came as good news for his state's employees, some of whom received bonuses of as much as $1,000. Indiana is not alone. An increasing number of states are reporting black ink. The Associated Press reported that 15 ran surpluses for fiscal 2011, up from 10 the year before. Generally, a surplus is a sign that a state's economy is getting better. But that metric doesn't always tell the whole story. It could simply mean that a governor has slashed and burned his way into the black. Checking the balance in a state's "rainy day" reserve fund is a better way to reveal the real winners.

Obama unveils $3.8 trillion budget

Posted: February 13th, 2012, 9:36am MST

President Obama unveiled a $3.8 trillion budget request Monday that hikes taxes on the rich, spends new money on infrastructure and education, but does little to reform the entitlement programs that pose the biggest long-term threat to the federal budget.

Will Congress mess up your paycheck?

Posted: February 13th, 2012, 3:33am MST

You heard about the "do nothing" Congress? The "make work" Congress may be more accurate.

Our love-hate relationship with China

Posted: February 13th, 2012, 3:22am MST

President Obama has a date with China's Vice President Xi Jinping on Valentine's Day, and despite tensions between the world's two largest economies, they're both likely to put on a happy face.

Obama budget: Tax plans aim at rich

Posted: February 12th, 2012, 4:56pm MST

Raise taxes on those making more than $250,000. Limit deductions for the wealthy. Make an expanded college tax credit permanent.

The anti-Solyndra: Ford's Energy Department loan

Posted: February 10th, 2012, 5:02pm MST

The Energy Department's controversial loan program got some much needed help.

Obama budget: $901 billion deficit in 2013

Posted: February 10th, 2012, 5:02pm MST

President Obama will propose a budget on Monday that forecasts a $901 billion deficit in 2013, and includes plans make targeted investments in areas like infrastructure while hiking taxes on the rich.

Billions at stake as Russia backs Syria

Posted: February 10th, 2012, 1:10pm MST

Russia's controversial stance in the Syrian crisis has left many wondering what Moscow stands to gain by backing the brutal regime of Bashar al-Assad.

'Dirty Harry' weighs in on deficit

Posted: February 10th, 2012, 12:04pm MST

Clint Eastwood is better known for playing '"Dirty Harry" and other hyper-masculine tough guy characters than holding nuanced public policy positions. But the actor is now throwing his weight behind a plan to reduce the country's massive deficits.

Bernanke: Housing problems hold back recovery

Posted: February 10th, 2012, 10:38am MST

Lingering problems in the housing market continue to restrain America's economic recovery and limit the effectiveness of Federal Reserve policies, Ben Bernanke said Friday.

Campaign 2012: Billionaires to the rescue

Posted: February 10th, 2012, 3:53am MST

Are you a billionaire with a few million bucks to spare?

Banks may finally improve foreclosure practices

Posted: February 10th, 2012, 3:20am MST

After five years and four million foreclosures, the nation is now one big step closer to a national mortgage servicing standard.

Broken budget process hurts Wall Street reform

Posted: February 10th, 2012, 3:10am MST

President Obama is likely to propose a substantial funding increase for Wall Street regulators in his forthcoming budget.

Mortgage deal: What the critics say

Posted: February 9th, 2012, 2:57pm MST

The $26 billion mortgage settlement had a lot of support -- as evidenced by the 49 out of 50 state attorneys general that signed the deal.

Postal Service pleads for help as losses continue

Posted: February 9th, 2012, 11:11am MST

The U.S. Postal Service renewed its pleas for congressional support Thursday as the floundering agency reported another massive quarterly loss.

First new nuclear reactors OK'd in over 30 years

Posted: February 9th, 2012, 10:16am MST

The U.S. Nuclear Regulatory Commission approved licenses to build two new nuclear reactors Thursday, the first authorized in over 30 years.

Mortgage deal could bring billions in relief

Posted: February 9th, 2012, 8:26am MST

In the largest deal to date aimed at addressing the housing meltdown, federal and state officials on Thursday announced a $26 billion foreclosure settlement with five of the largest home lenders.

Behind Romney's Bain retirement deal

Posted: February 9th, 2012, 3:39am MST

Working in private equity can be lucrative. But leaving private equity can really pay, as everyone has learned recently from Mitt Romney.

Fewer young adults hold jobs than ever before

Posted: February 9th, 2012, 3:32am MST

The share of young adults with jobs has hit its lowest level since the government started keeping records just after World War II.

Big states set to make mortgage deal real

Posted: February 8th, 2012, 8:35pm MST

New York and California will join just about all the other states in a settlement with the nation's largest banks aimed at helping homeowners struggling with loans bigger than the value of their homes, according to a person familiar with the talks.

Chinese inflation rate picks up

Posted: February 8th, 2012, 6:58pm MST

China's inflation rate rose in January, which may dash hopes that the country's central bank will soon take more action to support economic growth there.

New nuclear reactors set to be OK'd for Georgia

Posted: February 8th, 2012, 12:22pm MST

The U.S. Nuclear Regulatory Commission is expected to approve licenses to build to two new nuclear reactors Thursday, the first approvals in over 30 years.

Homes in foreclosure decline by 130,000

Posted: February 8th, 2012, 7:09am MST

Slowly, but surely, the foreclosure crisis seems to be abating.

12 greenest cars of 2012

Posted: February 8th, 2012, 3:35am MST

The American Council for an Energy Efficient Economy has released its list of the most environmentally friendly cars of 2012, but there's one glaring omission.

Bernanke tries to keep Fed out of politics

Posted: February 7th, 2012, 11:09am MST

By now, Federal Reserve Chairman Ben Bernanke must be used to being a punching bag.

China: Fast food nation. Too fast economy?

Posted: February 7th, 2012, 10:48am MST

Is China's economy heading for a hard or soft landing? Well, it looks like Chinese consumers can't get enough of Diet Coke and the Colonel's famous secret recipe. That may be good news.

Charity on the campaign trail

Posted: February 7th, 2012, 7:33am MST

President Barack Obama and Oval Office hopefuls Newt Gingrich and Mitt Romney have all released at least one year of tax returns. And they all gave big money to charity.

Honeybee die-off shouldn't sting

Posted: February 7th, 2012, 3:59am MST

There's good news and bad news on the honeybee beat.

Obama loan program turns a profit

Posted: February 7th, 2012, 3:52am MST

An Obama administration lending program set up to funnel cash to small banks was expected to cost taxpayers $1.3 billion. Instead, it will turn a profit of $80 million.

Government assistance expands

Posted: February 7th, 2012, 3:29am MST

More than one in three Americans lived in households that received Medicaid, food stamps or other means-based government assistance, according to a new report.

Foreclosure deal: Closer, but not there yet

Posted: February 6th, 2012, 2:03pm MST

More than 40 states have signed on to a draft deal settling claims of improper mortgage servicing that's aimed at relieving homeowners struggling with loans bigger than their home's value.

We're number one, says U.S. Postal Service

Posted: February 6th, 2012, 11:03am MST

Despite its financial difficulties and relatively heavy work load, the U.S. Postal Service has been declared the finest in the world by a British study.

Obama vs. Reagan: A tale of two recoveries

Posted: February 6th, 2012, 8:08am MST

Faced with a strong jobs report Friday, Republicans tried out a new rhetorical message: This isn't a disaster, but Ronald Reagan could have done better.

House bill bans welfare spendng at strip clubs

Posted: February 6th, 2012, 6:08am MST

If welfare recipients want to dole out the dollar bills at a strip club, they'd better make sure it's not government money ... at least if a bill in Congress becomes law.

New York sues banks over foreclosures

Posted: February 3rd, 2012, 1:18pm MST

The New York attorney general sued some of the nation's biggest banks on Friday, accusing them of unlawful and deceptive practices for relying on a private electronic registry that tracks mortgages.

Big drop in unemployment rate for blacks

Posted: February 3rd, 2012, 11:14am MST

The unemployment rate for blacks fell more than 2 percentage points last month to its lowest level since March 2009.

Stealth jobs boom: 6 months, 2 million jobs

Posted: February 3rd, 2012, 10:53am MST

Companies are saying the job market is getting better. Workers are saying it's already kicked into high gear.

Kiss QE3 hopes goodbye. And good riddance!

Posted: February 3rd, 2012, 10:32am MST

The strong January jobs report may finally put a nail in the QE3 coffin.

Jobs: Obama not out of the woods yet

Posted: February 3rd, 2012, 9:05am MST

The January jobs report contains a slew of numbers that are likely to put a twinkle in the eye of Obama campaign staffers.

January jobs report: Hiring ramps up, unemployment falls

Posted: February 3rd, 2012, 6:39am MST

March 9

Small manufacturing firms want more from Obama

Posted: February 3rd, 2012, 3:46am MST

A new Obama administration push to strengthen U.S. manufacturing has the support of smaller firms, but it might not be enough to stir many into action.

Nevada's triple economic whammy

Posted: February 3rd, 2012, 3:36am MST

The Great Recession has dealt Nevada a losing hand.

Finally, a foreclosure settlement (Maybe)

Posted: February 3rd, 2012, 3:21am MST

States have until late Monday to agree to the latest draft deal aimed at relieving homeowners struggling with mortgages bigger than their home's value.

U.S. charges oldest Swiss bank in tax fraud case

Posted: February 2nd, 2012, 4:39pm MST

The Justice Department charged Switzerland's oldest bank Thursday with helping American taxpayers hide more than $1.2 billion from the Internal Revenue Service. The case marks the first time an overseas bank has been charged in the U.S. for aiding tax evasion.

Obama: Jesus would back tax-the-rich policy

Posted: February 2nd, 2012, 1:58pm MST

What Would Jesus ... Deduct?

Bernanke: Fed will protect U.S. economy

Posted: February 2nd, 2012, 8:34am MST

The recovery remains "frustrating slow" in the United States, and now Europe's debt crisis is posing additional challenges, Federal Reserve Chairman Ben Bernanke told Congress Thursday.

'Bayou Billionaires' brings gas boom to reality TV

Posted: February 2nd, 2012, 8:29am MST

The fracking-led oil and natural gas boom that's received widespread attention in the mainstream press has moved to a new medium: reality TV.

Stock picks from Fed officials

Posted: February 2nd, 2012, 7:23am MST

One Fed official owns thousands of acres of farmland and at least $1 million in gold. Many own individual blue chip stocks, while another appears to hold no major assets other than his home and an employee benefit plan.

Unemployment claims fall

Posted: February 2nd, 2012, 6:39am MST

First-time claims for unemployment benefits fell last week, a sign of more gradual improvement in the job market.

Challenger: Job cuts increased in January

Posted: February 2nd, 2012, 5:33am MST

The U.S. job market stumbled out of the gates in 2012 -- at least according to one report.

Payroll tax holiday running down

Posted: February 2nd, 2012, 3:36am MST

Despite bipartisan support on Capitol Hill for extending a temporary payroll tax cut for the rest of 2012, lawmakers have yet to close the deal.

More money, more votes: The billion dollar campaign

Posted: February 2nd, 2012, 3:09am MST

Let there be no doubt: The campaign finance floodgates are officially open.

Romney: "I'm not concerned about the very poor"

Posted: February 1st, 2012, 1:55pm MST

Mitt Romney says he isn't worried about those living in poverty since they have government assistance programs to fall back on. Instead, he wants to focus on helping the middle class.

Wall Street bets big on Romney

Posted: February 1st, 2012, 1:46pm MST

Wall Street has thrown its weight behind alum Mitt Romney for president, according to new campaign data for 2011.

Job growth slows in January

Posted: February 1st, 2012, 6:41am MST

Private sector companies were hesitant to hire in January, according to a report by payroll processor ADP.

What will become of Romney's fortune?

Posted: February 1st, 2012, 3:28am MST

If Mitt Romney is elected president, he will have to make some tough choices about what to do with his personal fortune.

Super Bowl ad calls on entrepreneurs

Posted: February 1st, 2012, 3:22am MST

Not many people know the Kauffman Foundation, but after this Sunday a lot more will have an idea.

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