President Barack Obama will likely name a new chief economic adviser to replace Lawrence Summers later this week as his administration looks for more effective ways to reduce an unemployment rate that remains near 10%, the Asso…
With a tax bill tilted to benefit the wealthiest Americans poised to pass Congress this week, U.S. income inequality is poised to set new records. One key to that shift — a change in the tax rules that lets the rich pass their…
The biggest question many investors have about President Obama’s compromise tax cut deal is how it will benefit the economy. But so far, there is little agreement on Wall Street about what the stimulative effects of the deal wi…
A jump of 2.6 points to 74.2 in December put this index at a six-month high. And the current conditions component rose to its best level in about three years. Helping to stoke optimism was consumers’ anticipation that the Bush …
The Senate presented the final price tag of $858 billion for President Obama’s tax deal Republican leaders and began debating the package Thursday night.
The Senate aims to vote on the bill Monday, a week after it was first announced, The Wall Street…