By Alfonso Aguilar and Rich Danker | 11/26/13 03:15 PM
As Puerto Rico marked the Nov. 19 anniversary of its discovery by Christopher Columbus, the Obama White House announced it was dispatching an interagency task force to give advice to the island's beleaguered government. With nearly $70 billion in public debt and a credit rating hovering near...
11/25/13 01:16 PM
(www.bloomberg.com) With less than three weeks until their deadline, U.S. budget negotiators have yet to break an impasse over revenue, prompting lawmakers to draft plans to blunt $19 billion in defense cuts set to start in January.
11/25/13 11:30 AM
(dailycaller.com) Montana Democrat Sen. Max Baucus’ tax reform proposal takes aim at tax benefits enjoyed by the oil and gas industry, but makes no policy recommendations on renewable energy tax subsidies. Baucus,
By Michael Barone | 11/22/13 07:59 PM
Are Republican politicians trying to frame a policy agenda stuck in a Reagan rut? A good case can be made that they are — or have been. Tax cuts have been a staple of Republican platforms since Jack Kemp persuaded Ronald Reagan to back a 30 percent tax rate cut in the 1980 campaign....
11/22/13 08:57 AM
(dealbook.nytimes.com) A tax proposal released on Thursday by the chairman of the Senate Finance Committee, Max Baucus, addresses a topic that tends to make my students’ eyes glaze over: cost recovery.
By Paul Bedard | 11/20/13 09:52 AM
A remarkable 18 states cut taxes this year, with 24 percent of the cuts coming in personal income taxes as governors and state legislatures moved to jumpstart their economies and get around Washington's gridlock, according to a new report card on the nation's legislative action. The bulk of...
By Michal Conger | 11/19/13 06:19 PM
One ex-bank official has to wait a few weeks before he finds out his punishment for 30 counts of bank fraud and 30 counts of money laundering. Matthew Daniel Sweet, of Timbo, Ark., was the former vice president and controller at Troubled Asset Relief Program funds recipient One Bank &...
By Cal Thomas | 11/18/13 06:13 PM
Fed up with Washington? Angry that elections don’t seem to matter when it comes time to solving problems? Disgusted by the polarization that puts politicians’ careers ahead of taxpayer interests? Frustrated because you don’t think anything can be done about it? Indiana state Sen. David...
By Timothy P. Carney | 11/18/13 03:09 PM
Leading the way is Dubai's own Emirates, which announced plans to spend $20 billion on 50 Airbus 380 superjumbos and another $76 billion on 150 of Boeing's smaller 777X widebodies.
11/18/13 09:29 AM
Even as negotiators struggle to write a final fiscal 2014 budget, one of Congress’ most liberal lawmakers laid out his own vision for what the government’s priorities should be — complete with big jumps in taxes and social spending and cuts at the Pentagon. Sen. Bernard Sanders, Vermont...
By Philip Klein | 12/05/13
By Richard Pollock | 12/06/13
By Michael Barone | 12/06/13
By Byron York | 12/08/13
By Timothy P. Carney | 11/26/13