While most people support extending at least some of the George W. Bush-era tax cuts due to expire this year, a new Gallup/USA Today survey finds that Americans are deeply divided on which cuts should continue — and for how lo…
House Republicans thwarted an expedited effort by Democrats to extend jobless benefits into next year. It cleared by 258-154 but failed to meet the two-thirds majority needed for “fast-track” passage. Two million Americans coul…
With the two houses divided, the parties will have to compromise. But will they? The challenge will become acute if the Fed’s latest stimulus gambit falls short, leaving the economy gasping. The GOP’s aversion to spending could…
Tuesday’s election results probably won’t affect the stock market much, at least not in the short term since the outcome was largely anticipated. But even so, it’s worth thinking about the effect divided government could have o…
If history is any indicator, stocks tend to do best when the president is a Democrat and Congress is Republican. Other precedents offer conflicting signs. But it seems clear that stocks often outperform in the year after a midt…