By Joseph Lawler | 09/15/14 11:36 AM
The United States has the third least competitive tax system among developed nations, according to a new ranking of countries' tax codes.
09/15/14 10:00 AM
WASHINGTON (AP) — U.S. manufacturing output declined in August for the first time in seven months, reflecting a sharp fall in production at auto plants that was due mainly to seasonal adjustment problems. Output at manufacturing plants fell 0.4 percent in August after a 0.7 percent rise in...
By Washington Examiner | 09/15/14 08:13 AM
The non-partisan Congressional Budget Office released a new report projecting that labor force participation has not hit bottom yet.
By Joseph Lawler | 09/15/14 06:09 AM
"Today, it is clear that the TARP program was a success," Obama economic adviser Jeffrey Zients wrote in a blog post published Monday morning.
By Joseph Lawler | 09/12/14 12:24 PM
Corporate "inversions" are a problem that President Obama might find intractable, given a corporate tax system that most people agree is outdated and in urgent need of drastic reform at a time when Congress is too divided to fix it.
By Joseph Lawler | 09/09/14 02:53 PM
The Empire Center, a nonpartisan think tank in New York, released a report suggesting that New York has lagged behind the rest of the nation in making new millionaires.
By Joseph Lawler | 09/10/14 06:33 PM
The Treasury faces a long-term budget hole as rising healthcare, Social Security and interest payments take their toll.
By Joseph Lawler | 09/12/14 07:45 PM
"[The pension agreement] was pretty much his signature accomplishment. Now that agreement, that reform is in tatters. It has basically blown up," said Gordon MacInnes, a former Democratic official.
09/13/14 12:30 PM
MILAN (AP) — European finance ministers agreed Saturday on the necessity of leveraging private investments with urgent structural reforms to relaunch the continent's moribund economy. The ministers focused on a proposal by Jean-Claude Junkers, incoming president of the European Commission, for...
09/12/14 05:45 PM
NEW YORK (AP) — The prospect of rising interest rates sent the stock market to its first weekly loss since early August. The Standard & Poor's 500 index fell 11.91 points, or 0.6 percent, to end at 1,985.54 on Friday. The index was down 1.1 percent for the week. Declines were led by utility...
By Joseph Lawler | 09/12/14 04:33 PM
The Federal Reserve is taking new steps to guard against again being caught by surprise by threats to the financial system.
09/12/14 04:30 PM
BATON ROUGE, La. (AP) — First-time claims for unemployment insurance in Louisiana for the week ending Sept. 6 decreased from the previous week's total. The state labor department figures released Friday show the initial claims decreased to 1,961 from the previous week's total of 2,237. For the...
By Timothy P. Carney | 09/12/14 12:57 PM
An underappreciated aspect of inflation, in my view, is how it allows real wages to fall.
By Joseph Lawler | 09/12/14 11:41 AM
"They're preparing to act and they'll act as soon as they're ready," said Rep. Sander Levin, the ranking Democrat on the House Ways and Means Committee, which has jurisdiction over tax issues.
09/12/14 11:30 AM
MILAN (AP) — Eurozone finance ministers on Friday said they were willing to help the European Central Bank in its plan to save the economy. How much they can do in practice, however, remains unclear. The ministers met for the first time since ECB President Mario Draghi sketched out this month...
By Philip Klein | 09/19/14
By Paul Bedard | 09/21/14
By Susan Ferrechio | 09/21/14
By Susan Ferrechio | 09/21/14
By Paul Bedard | 09/18/14