Much has been made recently of the huge valuations of Internet players like Facebook, Twitter and Zynga, but while Web 2.0 is doing well, the Silicon Valley region itself is not. A new report shows compensation and unemployment…
President Obama’s proposed spending plan seeks to slash $1.1 trillion from the deficit over the next decade. Republican House Speaker John Boehner says that’s too little. In this case, both Obama and Boehner are wrong. The nati…
Illinois lawmakers approved a 66% increase in the state’s income tax in the final hours of the Legislature’s session.
Lawmakers raised the state income tax to 5% from 3% in a bid to close the state’s deficit, which could be as large as $15 billion, T…
Treasury yields hit a six-month high Monday on optimism about the world economy and concern about the U.S. deficit.
Yields have been steadying climbing as investors bet that a stronger world economy will lead to higher interest rates, Reuters reporte…
Nouriel Roubini, the NYU economics professor who has earned the nickname “Dr. Doom” for his predictions, says he’s concerned the tax cut compromise struck by President Obama and GOP leaders could expose the U.S. to bond vigila…