The government is close to announcing its plans to end the bailout of American International Group (AIG), returning the company to independence and recovering taxpayer funds.
The Treasury is planning to begin converting its $49 billion preferred stak…
Citigroup’s (C) newest energy banker Stephen Trauber could take home as much as $30 million over three years as part of his juicy new pay package with the bank.
Trauber, whom Citigroup poached from Swiss bank UBS (UBS), landed himself the deal just …
The Senate will not vote on extending any of the Bush-era tax cuts until after the November election.
“Democrats believe we must permanently extend tax cuts for the middle-class before they expire at the end of the year, and we will,” Jim Manley, a spokesman for Senate Majority Leader Harry Reid said in an e-mail, Reuters reported.
“Unfortunately, to this point we have received no…
Continue reading Senate Will Not Vote on Extending Bush Tax Cuts Before Election
Senate Will Not Vote on Extending Bush Tax Cuts Before Election originally appeared on DailyFinance on Fri, 24 Sep 2010 06:28:00.
The federal government today passed a bill designed to spur small-business lending by providing financial incentives to banks that make loans to smaller companies, marking a victory for President Barack Obama and his attempt to…
Warren Buffett says he thinks the U.S. is still in a recession. He also thinks that wealthier Americans can and should pay higher taxes.
Continue reading Warren Buffett Urges Tax Increase for Wealthy, Says We’r…