News & Views

Leading Republicans on Sunday spurned as "class warfare" an administration proposal dubbed "the Buffet rule" that would ensure millionaires are taxed at the same rate as the middle class.

(Bloomberg) -- In statehouses across the U.S., a budget-cutting congressional supercommittee and the sputtering economy threaten a fledgling recovery from the worst fiscal crisis in more than 70 years.

In today's On the News segment: Obama proposes "Buffett Rule" to tax millionaires and billionaires, over a thousand demonstrators converged on Wall Street this weekend to protest bankster crime, Perry would bring more poverty to America, and more.

In today's On the News segment: Obama proposes "Buffett Rule" to tax millionaires and billionaires, over a thousand demonstrators converged on Wall Street this weekend to protest bankster crime, Perry would bring more poverty to America, and more.

America and Oil.  It’s like bacon and eggs, Batman and Robin.  As the old song lyric went, you can’t have one without the other.  Once upon a time, it was also a surefire formula for national greatness and global preeminence.  Now, it’s a guarantee of a trip to hell in a hand basket.  The Chinese know it.  Does Washington?

Washington - Since he announced his job-creation plan last week in a nationally televised address at a joint session of Congress, President Barack Obama has hit the road, using stops in crucial swing states to press Americans to speak up.

The national poverty rate in 2010 hit 15.1 percent — the highest level since 1993, according to a report Tuesday from the Census Bureau.

Washington — Led by President Obama, pressure is building on the new Congressional committee on deficit reduction to “go big” — beyond its mandate to shave as much as id="mce_marker".5 trillion from budget shortfalls over 10 years — even as doubts remain about the panel’s ability to find enough bipartisan agreement to meet even the original goal.

President Obama had two goals for last night's jobs speech before a joint session of Congress: to instill confidence and hope in a shaken, economically ravaged, unemployment-plagued electorate, and to convince House Republicans to put aside their partisan vitriol and immediately pass his "American Jobs Act." On both counts I think he failed.

After a year of embracing austerity economics—emphasizing cutting spending and government over creating new jobs—Barack Obama belatedly tried to change the conversation with his big jobs cspeech Thursday night.