The Obama administration aims to reduce the appeal of a corporate shift overseas to avoid US taxes, as it buys time for Congress to reform a corporate tax code that some claim is driving business away.
After giving a speech about his plan to revive the economy Thursday, House Speaker John Boehner said the unemployed would rather 'sit around' – reviving the image of Republicans as a party of the rich.
Now that the Kansas Supreme Court has ruled that the name of the erstwhile Democratic candidate won't be on the ballot, incumbent Pat Roberts is in a difficult Senate race against Independent Greg Orman, a champion of reform.
Campaign spending by 'dark money' groups is eight times higher than about this time in the last midterm campaign cycle, and it's mainly going to TV ads in races that could tip control of the US Senate.
Fed policymakers indicated Wednesday they're no longer taking a ‘full stimulus ahead’ approach. Some economists predict the central bank will start boosting rates as early as next March, while others say June or a bit later.
That finding adds a new layer to already-hot public debate about rich-poor gaps in America, and the degree to which income inequality is squeezing not only particular groups of Americans but the whole economy, too.
An effort to give Congress new power over campaign finance ended when the proposed amendment didn't clear the 60-vote hurdle to end Senate debate. Many Republicans saw the measure as tampering with the Bill of Rights.
Democrats in the Senate are trying to pass a constitutional amendment to combat the influence of money in politics. But Sen. Ted Cruz argued the measure could even have implications for ‘Saturday Night Live’ skits.
US job growth fell short of expectations just two months away from an election. But it's not likely to be fatal for Democrats. The economy is still a top priority for voters, but not at the previous level of intensity.
Top Bush and Obama figures have also addressed the Islamic Society of North America. But former President Carter attracts criticism because he has called for the US to recognize Hamas, which the State Department labels a terrorist group.
Burger King’s buyout of Canadian coffee-and-doughnut chain Tim Hortons – and shift of its legal address and corporate tax payments to Canada – isn’t necessarily a winning strategy, some business gurus say.