9-9-9 tax plan is helping Herman Cain soar in GOP presidential polls. But does a 9 percent national sales tax and a flat 9 percent income tax take from the poor and give it to the rich?
Debt ceiling pressures are mounting, as Republicans and Democrats both claim to have the right formula for closing the budget divide and raising the debt ceiling.
If the budget impasse causes the government to shut down after Friday, many ordinary Americans would feel it. Some services deemed 'essential,' though, would continue amid a government shutdown.
Peter Orszag is said to be leaving after less than 18 months of wrestling with record deficits and a deep recession. Most White House budget directors last two years.
Obama has showered new tax perks on the poor and middle class while pledging to maintain many of the Bush tax cuts. But his tax code largess stops at wealthy households.
President Obama claims healthcare reform is a boon. But the outlook of small-business owners is more negative than at bigger companies.
In paring down the jobs bill, Senate majority leader Harry Reid has an eye on voter concerns about federal spending. He's also betting that Republicans won't reject a bill with 'jobs' in the title.
Reuters withdrew a story Tuesday that suggested Obama would cut the deficit through backdoor taxes on the middle class.