Flat tax: Texas governor and Republican presidential candidate Rick Perry announced Wednesday that he would propose a flat tax as part of an overhaul of the country's tax code.
Flat tax plan would scrap the current tax system, although Perry offered no details. He plans to explain his flat tax plan next week.
Rick Perry says his flat tax plan is a major part of his broad prescription to revive the economy and create jobs – a move he hopes will also revive his campaign.
The Senate rejected the Obama jobs bill last week, but both Senate Democrats and House Republicans are trying to resurrect parts of it. Problem is, they can't agree on which parts.
If Occupy Wall Street coalesces into something like a real movement, the Democratic Party may have more difficulty digesting it than the GOP has had with the Tea Party.
The Dow jumped 183 points to close at 11123, bringing its three-day gain to 434 points
A Greek (or Irish or Spanish or Italian or Portuguese) default would have roughly the same effect on our financial system as the implosion of Lehman Brothers in 2008
Economists from 28 firms offered estimates about the jobs plan to Bloomberg News. They disagreed on how effective it would be – and the cost could be high.