Before the GOP power surge on Tuesday, President Obama had steadfastly refused to consider extending the Bush tax cuts — due to expire at the end of the year — for America’s wealthiest taxpayers. Now, he says he’s willing to …
Despite the recession and Tea Party cries of “Taxed Enough Already,” a surprising number of communities across the country voted to keep their tax burdens at current levels.
Continue reading Voters Nationwide P…
Now that midterm elections are over, President Barack Obama and Republicans have promised to work together. But how long will the spirit of cooperation last? One of the first big tests will be whether Congress can raise its deb…
Mortgage giant Freddie Mac posted a net loss of $4.1 billion for the third quarter, compared with a loss of $6 billion a year earlier.
The company paid a $1.6 billion dividend to the Treasury, which rescued the ailing company two years ago. Freddie M…
General Motors may receive a tax break worth as much as $45.4 billion under the terms of its government-financed restructuring.
The credit is a final benefit from the company’s multi billion-dollar government bailout. Under the terms of the bailout, …