All Economy
Existing home sales down in FebruarySingle family home sales declined 1.0 percent from January but rose 9.4 percent above the level seen in February 2011.
National grocery chains to stop selling beef containing 'pink slime'Federal regulators say the filler, known in the industry as 'lean, finely textured beef,' meets food safety standards. But critics say the product could be unsafe and is an unappetizing example of industrialized food production.
Britain's 'millionaire' budget eases taxes on the richBritain released its annual budget yesterday, which includes a tax cut for the country's biggest earners – but also eliminates taxes for Britain's lowest earners.
Fiscal policy and the importance of word choiceIn economic policy debates, lawmakers have to be very careful about the language they choose.
Iranian oil sanctions: US exempts 11 nationsThe American government will exempt 10 European countries plus Japan from financial sanctions due to their efforts to reduce their dependence on Iranian oil.
Will Obama's budget raise or lower taxes? Both.Republicans call Obama an unrepentant tax raiser. The president calls himself a responsible tax cutter who only raises taxes on the rich. Both sides have a point.
Jobless claims fall to four-year low as economy reboundsUnemployment assistance applications dropped to a seasonally adjusted 348,000, the lowest level since February 2008. The drop coincides with the best three months of hiring in two years
Ryan's budget helps no one but the richThe real contrast in Paul Ryan's budget is over what the plan does for the rich and what it does to everyone else. It reduces the top individual and corporate tax rates to 25 percent. This would give the wealthiest Americans an average tax cut of at least $150,000 a year. The money would come out of programs for the elderly, lower-middle families, and the poor.
Oil prices fall below $107 a barrelOil prices dip on concerns about China's growth. But oil prices are up from $75 a barrel in October.
Mortgage rates climb. Really?The average rate for a 30 year fixed rate mortgage jumped 12 basis points to 4.06 percent since last week, while the purchase application volume declined 1.0 percent and the refinance application dropped 9.3 percent over the same period.
Existing home sales: Foreigners are buying. What's their impact?Although existing home sales dipped last month, foreign buyers are snapping up US homes. In some markets, they may be putting an end to the downturn in existing home sales.
U.S. stocks mixed on a quiet dayU.S. stocks were mostly unchanged Wednesday, a calm day in the middle of a bumpy week. U.S stock on the Dow fell 45 points to close at 13124.
Will health care reform be successful? Capital Hill barbershops show noPresident Obama has promised that more government will make health care cheaper and more available. A comparison of two Capitol Hill barbershops sheds some light on whether the president has it right.
US corporate tax rates must come downCome April 1, America's corporate tax rates will be the highest in the developed world. That's bad policy for the United States.
Allowance tricks to teach your kidsAllowance can be a good tool to teach your kids about money management. Consider requiring them to divide their allowance into spending, saving, investing, and giving categories.
Ryan's mystery meat budgetHouse Budget Committee Chairman Paul Ryan (R-WI) released a fiscal plan that promises trillions of dollars in tax cuts and a nearly balanced budget within a decade, but never says how he'd get there.
Why Democrats are cheering the Paul Ryan Republican budget planAs they did last year, Democrats are attacking the Republican budget plan released by Rep. Paul Ryan as an 'end of Medicare as we know it.' They think it will help them in November.
Gold prices, commodities fall on China weaknessGold prices drop more than $20 an ounce. Copper, oil, and soybean prices also decline as concerns mount about an economic slowdown in China. Gold prices close below $1,650 an ounce.
Paul Ryan's budget and the sticking point between the left and rightIn their calls for tax reform, Republican Paul Ryan and Democrat Kent Conrad have a lot in common. But the question over tax revenues continues to drive the two sides apart.
Obama's misguided views on fair tradeRecent remarks on China and fair trade illustrate some crucial errors in Obama's views.
