The new measure would allow states to require online retailers to collect sales taxes on all purchases, as long as the states first agree to simplify their sales tax rules. Remarkably, the idea has broad support in the business community and may actually pass.
If the deficit supercommittee doesn’t agree on new deficit-reduction measures, non-defense discretionary spending will face about $300 billion in cuts. But proposals that the committee are considering could cut spending even more.
Unemployment claims declined 5,000 to 388,000 "initial" from last week’s 393,000, while “continued” claims declined by 57,000 resulting in an “insured” unemployment rate of 2.9 percent.
Foxconn, a big contractor for Apple and others, breaks ground for robot facilities. It plans to replace 500,000 workers with 1 million robots.
Each day we wake up to the overnight news flow not knowing whether we'll be pushed higher by increasing confidence in our ability to avoid recession, or pulled lower by the bond yields and CDS charts and infighting in Europe
If you enjoy gardening, it’s all well worth it and you can certainly save some money. If you don’t enjoy it too much, find something else productive to do with those hours and enjoy the fine produce available at your local farmers market.
Italy's new leader, Mario Monti, is an ex-Goldman Sachs executive. Who knows more about debt problems than anyone else? The people who cause them, of course.
This year the question is whether the super committee will produce a budget plan before its Thanksgiving deadline, but nobody seems worried about the $110 billion tax increase on workers set to hit on January 1
With the housing market crash continuing on government time, it should be no surprise that the FHA’s cash reserves have fallen to such a level that the odds are 50/50 the agency will run out of money and be looking to the Treasury to keep its doors open.
The average rate for a 30 year fixed rate mortgage increased 1 basis point to 4.13 percent since last week while the purchase application volume declined 2.3 percent and the refinance application slumped 12.20 percent over the same period.