Like most Americans, you're probably pledging to save more next year -- already savers are socking away cash at a better pace than they have in years (3.7% of income recently, up from just 0.2% in early 2008).
One million people could lose unemployment benefits in January if Congress doesn't extend federal aid, according to a report released Wednesday.
Congress will miss President Obama's deadline to enact health care reform by the end of the year, a key Democratic senator said Tuesday.
A new battle is brewing in Congress, riding the same populist wave that pitted banks against consumers on credit card fees earlier this year.
Two bills introduced on Capitol Hill in July aim to revise the tax code and get more money flowing into small business coffers.
Once he roamed the streets, moving from shelter to shelter. Now, Oliver Gomes rubs shoulders with Washington's elite.
Sen. Roland Burris, D-Illinois, announced Friday that he will not run for a full six-year term next year.
As the debate on health-care reform heats up on Capitol Hill, it's clear lawmakers don't see eye-to-eye on the issue -- with each other or President Obama.
At 8:30 a.m., Kirsten Gillibrand looks like any other working mom in a minivan dropping off her baby boy at day care and her other son at school.
Judge Sonia Sotomayor has spoken for years about how her experiences as a Latina woman have influenced her public and private life.
Like most Americans, you're probably pledging to save more next year -- already savers are socking away cash at a better pace than they have in years (3.7% of income recently, up from just 0.2% in early 2008).
One million people could lose unemployment benefits in January if Congress doesn't extend federal aid, according to a report released Wednesday.
Congress will miss President Obama's deadline to enact health care reform by the end of the year, a key Democratic senator said Tuesday.
A new battle is brewing in Congress, riding the same populist wave that pitted banks against consumers on credit card fees earlier this year.
Two bills introduced on Capitol Hill in July aim to revise the tax code and get more money flowing into small business coffers.
Once he roamed the streets, moving from shelter to shelter. Now, Oliver Gomes rubs shoulders with Washington's elite.
Sen. Roland Burris, D-Illinois, announced Friday that he will not run for a full six-year term next year.
As the debate on health-care reform heats up on Capitol Hill, it's clear lawmakers don't see eye-to-eye on the issue -- with each other or President Obama.
At 8:30 a.m., Kirsten Gillibrand looks like any other working mom in a minivan dropping off her baby boy at day care and her other son at school.
Judge Sonia Sotomayor has spoken for years about how her experiences as a Latina woman have influenced her public and private life.
Judge Sonia Sotomayor continued making the rounds on Capitol Hill Wednesday, meeting several additional U.S. senators who will help decide whether she becomes the country's first Hispanic Supreme Court justice.
Judge Sonia Sotomayor on Tuesday promised to apply the law "ultimately and completely" regardless of circumstance, said Senate Judiciary Committee Chairman Patrick Leahy.
It was an odd collection of vehicles on display on Capitol Hill, ranging from a bucket truck used for repairing power lines to something resembling an enclosed golf cart to a pair of hot-looking, two-seater sports cars.
Global warming concerns took center stage Monday as two organizations held rallies to draw attention to an issue that President Barack Obama has promised to place near the top of his agenda.
The recent debate over the nearly $900 billion economic stimulus plan and revelations of tax problems by three Obama administration appointees have voters angrily jamming phone lines on Capitol Hill to air their frustrations to their elected representatives.
The presidential motorcade dropped the nation's new leader off on Capitol Hill on Tuesday for a peace mission, with President Obama extending an olive branch to Republicans in the hope of getting his stimulus package through.
At this hour Friday, Congress is still fighting over whether to give the automakers $14 billion to try to prevent General Motors and Chrysler from going bankrupt.
Congressional Democrats have a bigger majority than they've enjoyed in decades, but that doesn't necessarily mean there will be unity on Capitol Hill.
Much still remains to be decided, but here are the key issues
House conservatives urged Congress on Tuesday to "take a breath" and consider other alternatives before rushing to pass a $700 billion plan to bail out Wall Street, a measure the White House says must pass by the end of the week.
Paulson and Bernanke's three-page plan to rescue the American financial system may wind up with many more pages, but it is likely to win approval
Democratic leaders on Capitol Hill said on Sunday that the Bush administration's $700 billion proposal to bail out the financial system lacked necessary safeguards for taxpayers and homeowners.
Lawmakers return to Capitol Hill on Monday to resume their fight over legislation allowing more offshore oil drilling, in a bid to help relieve sky-high gasoline prices that are hurting the economy and infuriating voters.
Lawmakers return to Capitol Hill Monday to pick up where they left off in their bitter fight over energy legislation -- whether to allow more off-shore oil drilling to help relieve the sky-high price of gasoline that is hurting the economy and infuriating voters.
President Cristina Fernandez de Kirchner repeated her call this week to decriminalize personal drug use and crack down on traffickers and dealers.
Near-record oil prices could quickly fall by half if Congress were to rein in speculators, according to testimony Monday from a hedge fund manager and oil company adviser on Capitol Hill.
My 2008 calendar could put me on the road for 90 days.
Stocks were poised for a slightly lower open Thursday, but trading could be volatile as investors wait for more comments from Federal Reserve Chairman Ben Bernanke, news of a possible Senate deal to provide help to homeowners facing problems with their mortgages and Friday's jobs report.
The U.S. intelligence community sent its latest assessment of the situation in Iraq to Capitol Hill on Tuesday, according to congressional sources, but the findings will likely stay secret.
A private plane entered the restricted airspace over Washington on Wednesday, prompting some people to evacuate buildings on Capitol Hill but posing no imminent threat, officials said.
U.S. taxpayers would get checks of several hundred dollars from the federal government under a plan to stimulate the economy, congressional and Bush administration officials said Thursday.
Treasury Secretary Henry Paulson ended his third meeting of the day with House leaders Wednesday night with no indication of a deal on a $150 billion economic stimulus package.
The inspector-general of the House of Representatives will investigate recent allegations of sexual misconduct among congressional pages, the Democratic and Republican leaders of the chamber announced Wednesday.
Get ready for the possibility of a sequel to the Dubai Ports fracas. Only this time, the outcome of the deal under consideration will have implications for U.S.-China economic relations.
Since the subprime crisis erupted, plenty of blame has been pinned on the big credit rating agencies. Just what went wrong at these firms - and what can be done to stave off another disaster - will be the topic of hearings on Capitol Hill this week.
Stocks eased Thursday afternoon, as investors paused after a two-day rally to mull weak earnings from Bear Stearns and Circuit City, mixed reports on the economy and testimony from the subprime mortgage hearing on Capitol Hill.
Some people fear complacency; others fear forgetting. Six years away from the fire, how should we mark Sept. 11?
U.S. stocks are likely to open higher Wednesday after improved sentiment helped stem a massive flight to quality and yields on shorter-dated Treasurys rebounded.
Chief executives of struggling Detroit-based automakers will press their energy and trade agendas in congressional meetings Wednesday, days before the Senate plans to take up proposed legislation to sharply hike fuel economy standards.
A new Congressional visitors' center is years overdue and hundreds of millions over budget. Why is that not surprising?
The powerful chairman of the Ways and Means Committee, Rep. Charlie Rangel, and I sat down together last night to talk about, among other things, his new book, "And I Haven't Had a Bad Day Since."
If this was 2003, or even 2004 - before the Iraq war went south, before Hurricane Katrina swept ashore, before last November's devastating Republican losses - Bush's State of the Union ideas (which his aides are calling "bold" and "innovative") might have been embraced. Unlike his politically risky 2005 proposal to reform Social Security, the plans he unveiled last night to combat climate change and soaring health care costs neatly catch the current wave of public sentiment.
John J. Castellani has a dream, best described (with apologies to Castellani) as a twist on the 1975 hit "Why Can't We Be Friends?". As president of the Business Roundtable, Castellani is the Washington go-to guy for the nation's top CEOs, and right now he's gamely trying to make the most of a new political environment in which his constituency is about as popular as a batch of rejects from last night's American Idol.
From the riotous coverage of this election, starting months ago and ending with the November 7 crescendo, one might conclude that momentous events are afoot: To the barricades! Out with the old; in with the new!
On the cusp of an election that could overturn the Republican majority on Capitol Hill, I jokingly asked a senior Democratic aide whether he had ordered new business cards to reflect majority status.
FBI agents were on Capitol Hill on Saturday searching the office of Rep. William Jefferson as part of a bribery investigation into the Louisiana Democrat, government officials said.
It is very reassuring that Republican negotiators in the House and Senate have reached an agreement to extend President George W. Bush's cuts in tax rates on dividends and capital gains. Equally reassuring, the negotiators plan to liberate as many as 15-million middle-income Americans from the impending burden of the alternative minimum income tax. Now the unparalleled economic growth that has characterized the American economy since the early 1980s can proceed. My only question is why?
Spring is not even a month old but it's already promising to be a long hot summer for American drivers. Gasoline prices are surging toward highs not seen since the wake of Hurricane Katrina last fall - the national average now stands at $2.68 a gallon - and some experts are predicting $3.00 a gallon before long.
So the Dubai ports deal is done, a United Arab Emirates-owned company has backed down, and CNN anchor (and deal opponent) Lou Dobbs is going to have to find something else to talk about. But the after-effects are likely to be felt in boardrooms across America as well as on Capitol Hill and in Arab capitals from Riyadh to Bahrain and Cairo.
The members of the Senate Banking Committee are throwing a lot of questions today at Ben Bernanke, President Bush's nominee to succeed Alan Greenspan as Fed chairman -- about inflation targeting, about transparency at the Fed, about taxes.
Capitol Hill police will search buses, tour vans and larger vehicles traveling on the roads leading to the Capitol as part of heightened security in response to the terror attacks in London Thursday, according to a police spokesman.
The FBI's most famous whistle-blower wants to go to Capitol Hill. Coleen Rowley, who retired last December three years after exposing the agency's investigative lapses before 9/11, tells TIME she's laying out a campaign strategy for a run at Minnesota's Second Congressional District seat.
Proponents of diesel-powered cars drove to Capitol Hill Thursday hoping to distance themselves from a questionable image that the engines and vehicles have had with consumers in the past.
Lost in the fray of the public debate over Terri Schiavo, steroids and Social Security, a political revolution may be quietly taking hold this year, far away from the halls of Capitol Hill.
President Bush publicly added a nudge Tuesday to a push to get the stalled intelligence overhaul bill through this Congress.
"Brace yourselves," we were told. "It's coming ..."
Sen. Mark Dayton Wednesday defended his decision to close his Capitol Hill office until after the November 2 election, saying it would have been "immoral" to leave his staff members as "human shields" facing a possible terrorist attack while he returned home to Minnesota.
U.S. Sen. Mark Dayton, D-Minnesota, closed his Capitol Hill office Tuesday until after the November 2 election, fearing a possible terrorist attack that could harm his staff or visitors.
As Congress got back to work this week after a summer break, legislative proposals to ban gay marriage and to revamp the nation's security appartus dominated headlines.
A crowd of shrieking fans followed embattled pop star Michael Jackson out of a Capitol Hill office building Wednesday after he met with lawmakers to discuss lending his celebrity to the fight against AIDS in Africa.
At 1 p.m. on February 25, some 15 prominent Republicans invited to be surrogates in the coming presidential campaign gathered at Bush-Cheney headquarters in suburban Northern Virginia for a private briefing.
From CNN's Jennifer Coggiola in Washington:
Preliminary tests on a white, powdery substance found in the mailroom of Senate Majority Leader Bill Frist indicate the presence of the deadly substance ricin, a Homeland Security official said Monday.
Haven't a clue what the proposed Medicare prescription-drug benefit being debated on Capitol Hill may mean for you? Competing proposals have huge differences--and are raising more issues than answe...
The Capitol Hill skirmish over whether companies should have to subtract the cost of stock options from their earnings will almost certainly end in victory for the corporate lobbyists peddling the ...
In the weeks after Enron unraveled, exposing (among other things) the risks of holding too much company stock in one's 401(k), lawmakers raced to propose caps on such contributions or ways to other...
Since Sept. 11, a lot has been written about profiteers dressed as patriots. Lobbyists have won all sorts of giveaways, from bison-meat purchases to the abolition of the alternative minimum tax for...
A thick White House report, aimed at an industry that affects the lives of all Americans, is concocted in secret by one of the President's closest advisors. It contains a welter of complicated prop...
MANAGING Innovation Unlimited Does your marketplace change so fast that it's almost impossible to stay ahead of the competition? If so, you'll want to check out our Big Idea issue. We've uncovered ...
The new GOP leaders are arguing that they will be be more action-oriented, more efficient, more productive, and more practical than the do-nothing goons they replaced. Probably closer to the truth:...
How would you get your employees to stage a rally on Capitol Hill? When AMERICAN AIRLINES wanted to protest a proposed hike in the airline ticket tax, management sent an enticing memo (obtained by ...
HERE'S A TWIST: CONGRESS SOON MAY DELIVER some tax breaks--not hikes--to parents. The family-values crusaders on Capitol Hill want to create new tax credits for children and deductions for college ...
Economists and tax gurus have long dreamed of a simple, broad-based tax on consumption to encourage saving, investment, competitiveness, and, yes, jobs. But the leading candidate, a value-added tax...
The U.S. tax system is an unwieldy, inefficient, ungodly mess -- and this summer's shenanigans in Washington have just made it worse. It penalizes the very investment we need to create jobs and imp...
Like most taxpayers, Clay Shaw of Fort Lauderdale finds the U.S. tax code almost incomprehensible. ''It is a rat's nest,'' he says. ''I'm a C.P.A. and a lawyer, and I got the highest grade in taxat...
If you feel that your property taxes are gnawing an ever-bigger hole in your wallet, you're not alone. In our latest Americans and Their Money poll of 300 subscribers, 60% said that their real esta...
Predictably in this election year, the 435 U.S. representatives and 100 senators have spent much of their time scrambling for political cover or trying to make light of their embarrassment over a p...
6 Planning for a Lifetime by Kevin McKean Here's how to get started now on a financial program to achieve your life goals.
You could call it the supreme irony of life in these United States, circa 1991-92: Congress fiddles with middle-class tax breaks while that beleaguered class burns over state and local tax hikes. I...
CONSUMERS ARE UP-TIGHT and worried, their confidence battered by big layoffs. Business executives are equally glum. Says Robert C. Snyder, president of Quanex, a $650-million-a-year specialty-metal...
A sharp rise in tax-deductible home-equity and second-mortgage loans has contributed to a dramatic decline in the equity that Americans hold in their homes, as the charts above show. Indeed, the eq...
Allegations of improprieties by consultants and Sundstrand's recent guilty plea to massive overcharging are only the latest examples of scandals in defense work. Here, the CEO of the seventh-larges...
What labor is to Democrats, big business is to Republicans, right? Not when it comes to money. Corporate America is backing Democrats over Republicans in November's Senate and House elections. Prag...
On the 11th floor of the Federal Reserve Bank building in lower Manhattan, in a cramped communal office, 34 staffers sweated out the study that everyone from Capitol Hill to the upstairs world of W...
A FEW BRIGHT SPOTS here and there cannot disguise an economy that is just muddling along. Even if it is not later revised downward, the first-quarter rate of 3.2% in inflation-adjusted GNP growth c...
THE ADMINISTRATION'S PLAN to allow airlines to buy and sell takeoff and landing rights known as slots is encountering heavy weather on Capitol Hill. In late January two dozen Senators, including Ka...
BANK LOBBYISTS sometimes think that things haven't changed much in Washington since Andrew Jackson told a visiting delegation of bankers in 1832: ''You are a den of vipers and thieves. I intend to ...
AS ARMIES of lobbyists struggle to grab the attention of busy legislators, eye-catching gimmicks seemingly pop from every alcove and hallway on Capitol Hill. Along with the usual press releases and...
PIONEERED years ago by a few groups like the U.S. Chamber of Commerce, high- tech lobbying has really taken off. It starts with the tedious chore of polling an organization's members to set up a da...
As Congress hashes out the details of tax reform, a lot of executives who hadn't expected to visit Washington, D.C., this summer are apt to find their plans changing. Fortunately, Washington will b...
TWO POWERFUL LOBBIES, each accustomed to getting its way in Washington, are locked in fierce combat on Capitol Hill. Farmers want Uncle Sam to provide federal loans and other subsidies to help them...
THE BIGGEST THREAT to tax reform in this session of Congress could be mounting enthusiasm for a stiffer corporate minimum tax. When Ronald Reagan's tax plan heads for Capitol Hill, it will have to ...
| Most Viewed | Most Emailed | Top Searches |
© 2009 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
