Budget Battles
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Sniping Already Starting Over Baltimore Bridge Reconstruction Costs
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New Poll Finds Liberals and Conservatives Agree: Tax the Super-Rich
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Biden Vows US Will Pay to Rebuild Collapsed Baltimore Bridge
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How Congress Wasted ‘Months of Precious Time’ on the 2024 Spending Bills
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Senate Struggles to Avert Shutdown, Speaker Johnson Faces Revolt
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Long-Delayed $1.2 Trillion Spending Package Zooms to the Finish Line
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Debt Will Hit Record High This Decade, CBO Warns
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Bannon Is Out, but Economic Nationalism Still Thrives at the White House
By Linette Lopez, Business InsiderJust because Steve Bannon is out of the White House, doesn't mean that his ideas are gone — especially when it comes to economics.
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More Good News on Jobs Gives the Fed a Green Light to Start Unwinding
By Lucia Mutikani, ReutersThe number of Americans filing for unemployment benefits fell to near a six-month low last week, pointing to a further tightening in the labor market that could encourage the Federal Reserve to lay...
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The Walls Are Closing In as Allies Abandon Trump
By Rob GarverThings have looked grim for Donald Trump’s future more than once in his relatively brief career as a politician. But on Wednesday, the cracks in the edifice of his public standing were really...
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Household Debt in the US Just Hit an All-Time High
By Jonathan Spicer, ReutersAmericans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card...
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Trump Is Headed for a Collision With the Auto Industry as NAFTA Talks Loom
By David Lawder, ReutersThe Trump administration has set a collision course with the auto industry as it launches renegotiations of the 23-year-old NAFTA trade pact this week, aiming to shrink a growing trade deficit with...
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Here’s Why Trump Deserves Credit for the Stock Market Surge
By Liz PeekAs of Tuesday, the Dow Jones Industrial Average had scored record highs for nine days in a row; the gains are driving anti-Trumpers crazy. Though the president’s boasts are not always accurate,...
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Are You Rich? Tax Reform May Answer That Question for You
By YLAN Q. MUI, CNBCWhether to raise taxes on the rich is one of the thorniest issues in tax reform. Underlying that debate is an even more fundamental question: Who exactly qualifies as wealthy? Everyone can agree that...
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A New Report Shows Why The 10-Year Jobs Crisis Is Effectively Over
A new report by the Hamilton Project at the Brookings Institution has good news: "With [yesterday's] employment report, we can report that the national jobs gap relative to November 2007 has closed (...
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Is Wage Growth Finally Coming for American Workers?
By Jeff Cox, CNBCWage growth has been the missing link throughout a period that has produced more than 18.5 million new jobs, including 209,000 in July. But Amy Glaser, who helps run Adecco Staffing, believes the...
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Trump May Be in a Legislative Slump, but His Energy Agenda Is Getting Lots of Hits
By Tom DiChristopher, CNBCPresident Donald Trump may be fuming over Republicans' failure to repeal and replace Obamacare, but he can certainly take solace in the GOP's swift overhaul of the Obama administration's energy and...
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13 Tax Tips for Self-Employed Workers in 2016
By Janna HerronThe gig economy often means trickier taxes for self-employed workers. A third of the American workforce falls into that category, according to TurboTax, including 3.2 million on-demand workers, like...
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Here’s the Problem With All Those Stock Buybacks
By Mark Fahey, CNBCCompanies that haven't spent a single dollar on stock buybacks have performed better than those that have, according to an analysis of FactSet indexes since 2005. At the most basic level, the...
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Easter by the Numbers: How Much We Spend on Flowers, Clothes and Chocolate Bunnies
By Janna HerronAmericans plan to spend more than ever on Easter this year, according to one survey. Easter spending is estimated to hit $17.3 billion this year, or $146 per person on average, according to a survey...
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Why Oil Prices Will Take Another Tumble
The stock market rally since the Feb. 11 low has been predicated on two things. The first was the persistent hope of an OPEC/Russia deal to freeze crude oil supplies. The second was the even more...
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Why Market Insiders Don’t Believe the Recent Rebound Will Last
Despite Wednesday’s modest pullback, stocks have enjoyed an epic uptrend out of the Feb. 11 lows. The rise has been fueled by a powerful cocktail of hope. Initially, it was about a possible deal...