Obama Administration Pushes Extending College Tax Credit

The Obama administration is pushing to extend a temporary tax credit that helped lower the cost of college tuition for more than 12 million students last year.

The American Opportunity Tax Credit expanded the range of the existing Hope Credit to more Americans and covers a greater range of items, including computers and textbooks.

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The tax credit is due to expire at the end of this…

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Obama Administration Pushes Extending College Tax Credit originally appeared on DailyFinance on Wed, 13 Oct 2010 07:22:00.

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Stimulus Program Sent Checks to 89,000 Dead, Incarcerated People

The federal government sent out checks to 89,000 dead or incarcerated people in 2009 as part of the $814 billion stimulus program, a watchdog reported.

One component of the stimulus plan was the distribution of $13 billion by the Social Security Administration, The Washington Post said. The money was to go to 52 million eligible beneficiaries in checks of $250 each.

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The SSA did not…

Continue reading Stimulus Program Sent Checks to 89,000 Dead, Incarcerated People

Stimulus Program Sent Checks to 89,000 Dead, Incarcerated People originally appeared on DailyFinance on Fri, 08 Oct 2010 06:32:00.

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House Republicans Unveil Election Manifesto

Republicans in the House of Representatives promised to end “job-killing tax hikes” and repeal the health reform law as part of their campaign manifesto for the November election.

In their “Pledge to America,” House Republicans also say they will ban…

Gold Prices Hit Record High Following Fed Meeting

Gold prices jumped to record highs Wednesday, a day after the Federal Reserve’s latest policy meeting.

The price of bullion reached a new record of $1,294.95 an ounce, before slipping to $1,293.10 an ounce, Reuters reported.

The Fed’s statement T…

White House Fights Back on Stimulus Spending

The White House fought back against criticisms of the $814 billion stimulus plan, with a new report that highlights job-creating projects including bridges, roads and cancer research.

Vice President Joe Biden is releasing a report Friday called “100 …