Senate Republicans will likely block President Barack Obama’s plan to effectively increase taxes for the wealthiest U.S. citizens by allowing a tax cut enacted by George W. Bush’s administration to expire at year end.
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Investors received another slice of good news Monday about the U.S. economy: The federal budget deficit for August totaled a smaller than expected $90.5 billion, thanks to rising government revenues due to higher tax receipts f…
Chicago’s next mayor may find the city’s coffers almost empty after Richard M. Daley dipped into reserves to balance this year’s budget.
The city expects a $654.7 million deficit for 2011, Bloomberg News reported. Daley balanced this year’s budget pa…
Chicago’s next mayor may find the city’s coffers almost empty after Richard M. Daley dipped into reserves to balance this year’s budget.
The city expects a $654.7 million deficit for 2011, Bloomberg News reported. Daley balanced this year’s budget pa…
House Republican leader John Boehner said Sunday that he would be willing to forgo extending the Bush tax cuts for the wealthy, in the first sign of compromise over the highly contentious issue. But he said he still favors thos…