MoneyPolitics
Online calculator shows how much more you'll pay in taxes this year
The payroll-tax holiday wasn’t extended and will expire on Monday, meaning less money this year.
Online calculator shows how much more you'll pay in taxes this year
The payroll-tax holiday wasn’t extended and will expire on Monday. Read more »
The next debt ceiling battle means spending cuts, higher taxes, downgrade or all three
Congress and the White House may have averted the so-called “fiscal cliff,” but a familiar financial challenge is coming up that could mean higher taxes and reduced government programs. Read more »
Will a recession come with the 'fiscal cliff'? Experts debate its impact
This week, as negotiations on averting the "fiscal cliff" have continued, discussions on the impacts on that potential recession trigger have continued. Multiple factors could bring a recession if... Read more »
The most overlooked statistic in economics is poised for an epic comeback: Household formation
The most important graph of 2012? We asked around for some suggestions last week. We got 34 responses. This was mine. It answers the question: What share of each recovery since 1970 came from... Read more »
Egypt constitution passes, economic crunch looms
The official approval of Egypt's disputed, Islamist-backed constitution Tuesday held out little hope of stabilizing the country after two years of turmoil and Islamist President Mohammed Morsi may... Read more »
More shoes showing up under Christmas tree
Shoes are coming out of the closet and landing under the Christmas tree. They're a top seller this holiday season — a big feat considering most years they don't even make gift lists. Read more »
Experts say Medicaid expansion will prevent massacres like Sandy Hook
In the wake of last week's tragic school shooting in Newtown, Conn., many are starting to point the finger at U.S. government programs, like Medicaid, and saying those programs need to expanded to... Read more »
States lead out on fiscal, economic change
While Washington is hamstrung between Republicans opposing tax increases and Democrats opposing changes to costly entitlements, many state governments across the political spectrum are moving... Read more »
8 percent of income for most families would be devoured overnight by 'fiscal cliff'
Families of all tax brackets could be hit with an overnight tax increase that would devour 8 percent of their total income if the pending "fiscal cliff" becomes a reality, according to an analysis... Read more »
Health care deadline: Time for states to decide on health care exchanges
Nineteen states have turned down the Obama administration's invitation to run the new health insurance markets that will begin serving millions of uninsured Americans less than a year from now.... Read more »
US holiday sales slowly pick up after Sandy
U.S. consumers shook off Superstorm Sandy last month and stepped up holiday shopping, helped by a steady job market and lower gas prices. Read more »
YouTube video explains the 'fiscal cliff' (+video)
If you still don't understand what the "fiscal cliff" is, a YouTube video has been released to help you. Read more »
Trade deficit could make the worth of consumers' savings diminish
The U.S. trade deficit increased $1.9 billion in a month, according to an analysis done by the Department of Commerce, which could mean many families will see the worth of their savings drop. Read more »
'Fiscal cliff' leaves taxpayers and charities scrambling for deductions
Wealthy taxpayers and charities are scrambling to maximize their donations by the end of the year due to Capitol Hill's uncertainty of keeping tax deductions for charitable donations, according to... Read more »
Chuck Norris calls for Americans to 'choke the life out' of Obamacare
Actor Chuck Norris, who is an outspoken proponent against the Obama administration, called for readers to “choke the life out of Obamacare” in a blog post, published Sunday. Read more »
Checking Facebook at work could actually be a federal crime, two Boston College professors say
No matter how much you "like" Facebook, browsing the tremendously popular social website at work could actually be against federal law, according to Business Insider. Read more »
Doubled production of $100 bills by U.S. government may make an individual's money worth less, reports say
The past 12 months, the U.S. government doubled the amount of $100 bills it produced, which could make an individuals' money worth less, according to The Wall Street Journal's Market Watch. Read more »
GOP makes fiscal cliff offer: $800B in tax revenue, changes to Social Security and Medicare
House Republicans negotiating with President Barack Obama on avoiding the so-called fiscal cliff are proposing to increase the eligibility age for Medicare and to lower cost-of-living hikes in... Read more »
Could a tax on sugary drinks help Americans avoid the fiscal cliff?
Some believe lawmakers should consider taxing sugary drinks to help avoid falling off the so-called fiscal cliff. The nonprofit Center for Science in the Public Interest said a penny-an-ounce tax... Read more »
Where are tax breaks going? Study shows little of subsidies are used for retirement
Although the United States spends more than $100 billion per year on tax subsidies for retirement savings accounts, very little of it is actually saved for that purpose, according to a recent study... Read more »
Think Powerball money goes to a good cause? Think again
Many believe the money from Powerball sales goes to help education, but about 72 cents of every dollar goes doesn’t make it to a school’s budget. Read more »
'Tis the season: Americans will pay $717 more if 'Payroll Tax Holiday' ends
The end of a temporary payroll tax cut may mean growing deficits and an underfunded Social Security system. Read more »
Utah ranked fourth best-run state, according to Wall Street 24/7
Wall Street 24/7 released its annual index of best-run states Tuesday, with North Dakota taking top honors. Utah placed fourth. Neighboring Arizona ranked fourth worst, alongside more expected... Read more »
Obama says he'll do what it takes to avoid 'fiscal cliff'
The White House and a key congressional Democrat hinted at fresh concessions on taxes and cuts to Medicare and other government benefit programs Wednesday as bargaining with Republicans lurched... Read more »
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